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La-Z-Boy Incorporated (LZB)



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Upturn Advisory Summary
08/14/2025: LZB (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $46
1 Year Target Price $46
1 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -21.92% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.59B USD | Price to earnings Ratio 16.45 | 1Y Target Price 46 |
Price to earnings Ratio 16.45 | 1Y Target Price 46 | ||
Volume (30-day avg) 3 | Beta 1.27 | 52 Weeks Range 34.89 - 47.80 | Updated Date 08/15/2025 |
52 Weeks Range 34.89 - 47.80 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 2.18% | Basic EPS (TTM) 2.35 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-08-18 | When Before Market | Estimate 0.6033 | Actual - |
Profitability
Profit Margin 4.72% | Operating Margin (TTM) 9.13% |
Management Effectiveness
Return on Assets (TTM) 5.16% | Return on Equity (TTM) 9.87% |
Valuation
Trailing PE 16.45 | Forward PE - | Enterprise Value 1751867684 | Price to Sales(TTM) 0.75 |
Enterprise Value 1751867684 | Price to Sales(TTM) 0.75 | ||
Enterprise Value to Revenue 0.83 | Enterprise Value to EBITDA 6.46 | Shares Outstanding 41167000 | Shares Floating 40103237 |
Shares Outstanding 41167000 | Shares Floating 40103237 | ||
Percent Insiders 2.67 | Percent Institutions 102.28 |
Upturn AI SWOT
La-Z-Boy Incorporated

Company Overview
History and Background
La-Z-Boy Incorporated was founded in 1927 by cousins Edwin J. Shoemaker and Edward M. Knabusch. Initially known for its reclining wood-slat chair, the company has evolved into a major residential furniture manufacturer and retailer. Significant milestones include patenting the recliner mechanism and expanding its product line to include sofas, sectionals, and other home furnishings.
Core Business Areas
- Retail: This segment operates La-Z-Boy Furniture Galleries stores, which sell the company's products directly to consumers.
- Wholesale: This segment manufactures and imports upholstered furniture, casegoods furniture and outdoor furniture which is then distributed to retailers.
Leadership and Structure
The leadership team consists of Melinda D. Whittington as President and Chief Executive Officer. The organizational structure is hierarchical, with various functional departments reporting to executive leadership.
Top Products and Market Share
Key Offerings
- Recliners: La-Z-Boy is best known for its recliners. Market share data specific to recliners is difficult to pinpoint precisely but La-Z-Boy is thought to be the market leader in this space. Competitors include Ashley Furniture, Hooker Furniture and brands sold by mass retailers like Amazon.
- Sofas and Sectionals: La-Z-Boy offers a variety of sofas and sectionals. Market share data specific to sofas and sectionals is fragmented, with competitors including Ashley Furniture, Crate & Barrel, and Pottery Barn.
- Lift Chairs: La-Z-Boy offers lift chairs for individuals who need assistance standing and sitting. Competitors include Pride Mobility Products and Golden Technologies.
Market Dynamics
Industry Overview
The residential furniture industry is competitive and influenced by economic conditions, housing market trends, and consumer spending habits. Online sales are growing, but brick-and-mortar stores remain important.
Positioning
La-Z-Boy is positioned as a mid-to-high-end furniture brand known for comfort, quality, and customization. Its competitive advantages include brand recognition, a strong retail network, and a focus on innovation and design.
Total Addressable Market (TAM)
The total addressable market for furniture in the United States is estimated to be in the hundreds of billions of dollars annually. La-Z-Boy is positioned to capture a significant portion of this market through its various product lines and retail channels.
Upturn SWOT Analysis
Strengths
- Strong Brand Recognition
- Extensive Retail Network
- High-Quality Products
- Customization Options
- Supply Chain Management
Weaknesses
- Higher Price Point Compared to Some Competitors
- Dependence on North American Market
- Exposure to Economic Downturns
- Slower adaption to evolving consumer trends
Opportunities
- Expansion into New Markets (International)
- Increased Online Sales
- Product Innovation (Smart Furniture)
- Partnerships with Interior Designers
Threats
- Economic Recession
- Increased Competition from Online Retailers
- Fluctuations in Raw Material Costs
- Changes in Consumer Preferences
Competitors and Market Share
Key Competitors
- ASH
- MANU
- HNI
Competitive Landscape
La-Z-Boy competes on brand reputation, product quality, and customization options. Its advantage lies in brand recognition and retail presence. Disadvantages include higher price points compared to some competitors.
Major Acquisitions
Joybird
- Year: 2018
- Acquisition Price (USD millions): 69
- Strategic Rationale: The strategic rationale behind this acquisition was to enhance La-Z-Boy's online presence and reach a younger demographic.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by product innovation, retail expansion, and marketing efforts.
Future Projections: Future growth projections are based on analyst estimates and company guidance, which can be obtained from financial news sources.
Recent Initiatives: Recent initiatives include expanding its e-commerce presence, introducing new product lines, and investing in its supply chain.
Summary
La-Z-Boy is a well-established furniture manufacturer with a strong brand and retail network. It benefits from high-quality products and customization options, but faces challenges from economic conditions and online competition. Expanding online sales and product innovation are crucial for sustained growth, whilst it needs to keep an eye on evolving consumer preferences.
Peer Comparison
Sources and Disclaimers
Data Sources:
- La-Z-Boy Investor Relations
- Company SEC Filings
- Market Research Reports
- Financial News Outlets
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change, so perform your own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About La-Z-Boy Incorporated
Exchange NYSE | Headquaters Monroe, MI, United States | ||
IPO Launch date 1988-01-05 | President, CEO & Board Chair Ms. Melinda D. Whittington CPA | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 10600 | Website https://www.la-z-boy.com |
Full time employees 10600 | Website https://www.la-z-boy.com |
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products in the United States, Canada, and internationally. It operates through Wholesale and Retail segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, casegoods (wood) furniture, including bedroom sets, dining room sets, entertainment centers, and occasional pieces. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio and branded space locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other home furnishing accessories to the end consumer through its retail stores network. It licenses La-Z-Boy brand name on various products; and operates Joybird, an e-commerce retailer that manufacturers upholstered furniture, as well as sells to the end consumer primarily online through its www.joybird.com website and small-format stores in urban markets. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is headquartered in Monroe, Michigan.

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