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La-Z-Boy Incorporated (LZB)


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Upturn Advisory Summary
10/15/2025: LZB (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $41
1 Year Target Price $41
1 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -21.96% | 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 1.33B USD | Price to earnings Ratio 14.77 | 1Y Target Price 41 |
Price to earnings Ratio 14.77 | 1Y Target Price 41 | ||
Volume (30-day avg) 3 | Beta 1.24 | 52 Weeks Range 31.42 - 47.51 | Updated Date 10/17/2025 |
52 Weeks Range 31.42 - 47.51 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 2.71% | Basic EPS (TTM) 2.18 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.35% | Operating Margin (TTM) 4.46% |
Management Effectiveness
Return on Assets (TTM) 4.82% | Return on Equity (TTM) 9.07% |
Valuation
Trailing PE 14.77 | Forward PE - | Enterprise Value 1598629590 | Price to Sales(TTM) 0.63 |
Enterprise Value 1598629590 | Price to Sales(TTM) 0.63 | ||
Enterprise Value to Revenue 0.76 | Enterprise Value to EBITDA 6.24 | Shares Outstanding 41207237 | Shares Floating 40421827 |
Shares Outstanding 41207237 | Shares Floating 40421827 | ||
Percent Insiders 2.73 | Percent Institutions 104.83 |
Upturn AI SWOT
La-Z-Boy Incorporated

Company Overview
History and Background
Founded in 1927 by cousins Edward M. Knabusch and Edwin J. Shoemaker, La-Z-Boy began as a wood-working shop. They invented the reclining wood-slat chair, later patented as the La-Z-Boy recliner. The company has evolved into a major residential furniture manufacturer and retailer.
Core Business Areas
- Upholstery: Manufactures and imports upholstered furniture, including recliners, sofas, sectionals, chairs, and ottomans.
- Casegoods: Manufactures, sources, and imports wooden furniture, including bedroom sets, dining room sets, and occasional tables.
- Retail: Operates a network of La-Z-Boy Furniture Galleries stores.
Leadership and Structure
The CEO is Melinda D. Whittington. The company has a board of directors and operates through various divisions, including upholstery, casegoods, and retail.
Top Products and Market Share
Key Offerings
- Recliners: La-Z-Boy is most known for its recliners. Competitors include Ashley Furniture, Rooms To Go, and independent furniture stores. Difficult to provide exact market share data, but the recliners are a flagship product and a significant revenue driver.
- Sofas and Sectionals: These are also key products. Competitors include Ashley Furniture, IKEA, and online retailers like Wayfair. Again, exact market share data is difficult to obtain, but contribute substantially to revenue.
Market Dynamics
Industry Overview
The residential furniture industry is competitive and influenced by economic conditions, housing market trends, and consumer spending. Demand is cyclical.
Positioning
La-Z-Boy is positioned as a premium brand with a focus on comfort and quality. It benefits from strong brand recognition and a network of dedicated retail stores.
Total Addressable Market (TAM)
The global furniture market is estimated at over $600 billion. La-Z-Boy captures a portion of this through its specific product categories and distribution channels.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Extensive retail network
- Focus on comfort and quality
- Established supply chain
Weaknesses
- Higher price point compared to some competitors
- Reliance on traditional retail channels
- Exposure to economic cycles
- Can be perceived as outdated by some consumers
Opportunities
- Expanding online presence
- Developing new product lines
- Entering new geographic markets
- Capitalizing on the aging population
Threats
- Economic downturns
- Increased competition from online retailers
- Changes in consumer preferences
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- ASH
- RH
- ETH
Competitive Landscape
La-Z-Boy's advantages include its strong brand and retail network. Disadvantages include its higher price point and slower adaptation to online retail compared to some competitors.
Major Acquisitions
Kincaid Furniture
- Year: 2023
- Acquisition Price (USD millions): 95
- Strategic Rationale: Expanded La-Z-Boy's casegoods offerings and manufacturing capabilities in the United States.
Growth Trajectory and Initiatives
Historical Growth: Historically, La-Z-Boy has grown through product innovation, acquisitions, and expansion of its retail network.
Future Projections: Future growth is expected to be driven by online sales, new product development, and strategic partnerships.
Recent Initiatives: Recent initiatives include investments in e-commerce, modernization of manufacturing processes, and expansion of product offerings.
Summary
La-Z-Boy is a well-established furniture company with a strong brand and extensive retail network. Its strengths include a focus on comfort and quality, while weaknesses include a higher price point and reliance on traditional retail channels. Opportunities exist in expanding online presence and new product development, but threats include economic downturns and increased competition.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports
- Industry analysis
- Market research reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data are estimates and may vary.
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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