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LZB 1-star rating from Upturn Advisory
La-Z-Boy Incorporated (LZB) company logo

La-Z-Boy Incorporated (LZB)

La-Z-Boy Incorporated (LZB) 1-star rating from Upturn Advisory
$39.58
Last Close (24-hour delay)
Profit since last BUY3.94%
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Upturn Advisory Summary

01/09/2026: LZB (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

1 star rating from financial analysts

3 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $42.5

1 Year Target Price $42.5

Analysts Price Target For last 52 week
$42.5 Target price
52w Low $28.85
Current$39.58
52w High $47.22

Analysis of Past Performance

Type Stock
Historic Profit -18.88%
Avg. Invested days 30
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 01/09/2026

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.63B USD
Price to earnings Ratio 18.32
1Y Target Price 42.5
Price to earnings Ratio 18.32
1Y Target Price 42.5
Volume (30-day avg) 3
Beta 1.28
52 Weeks Range 28.85 - 47.22
Updated Date 01/9/2026
52 Weeks Range 28.85 - 47.22
Updated Date 01/9/2026
Dividends yield (FY) 2.26%
Basic EPS (TTM) 2.16

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 4.29%
Operating Margin (TTM) 6.92%

Management Effectiveness

Return on Assets (TTM) 4.68%
Return on Equity (TTM) 8.84%

Valuation

Trailing PE 18.32
Forward PE -
Enterprise Value 1773946809
Price to Sales(TTM) 0.77
Enterprise Value 1773946809
Price to Sales(TTM) 0.77
Enterprise Value to Revenue 0.84
Enterprise Value to EBITDA 6.9
Shares Outstanding 41248970
Shares Floating 40463177
Shares Outstanding 41248970
Shares Floating 40463177
Percent Insiders 2.73
Percent Institutions 101.56

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

La-Z-Boy Incorporated

La-Z-Boy Incorporated(LZB) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

La-Z-Boy Incorporated was founded in 1927 by Edward M. Knabusch and Edwin J. Shoemaker in Monroe, Michigan. Initially, they manufactured a wooden slat rocking chair. In 1928, they redesigned it with upholstered foam rubber and springs, creating the first recliner. The company has since evolved from a small furniture manufacturer to a leading global brand known for its comfort and innovation in upholstered furniture.

Company business area logo Core Business Areas

  • Wholesale: This segment designs, manufactures, and distributes upholstered furniture, including recliners, sofas, loveseats, chairs, and sectionals, primarily to independent dealers and its own retail stores. This is the core of their business, representing the majority of their revenue.
  • Retail: This segment operates La-Z-Boy Furniture Galleries stores, which sell La-Z-Boy branded furniture and complementary products directly to consumers. This segment provides a direct channel to market and valuable customer insights.

leadership logo Leadership and Structure

La-Z-Boy Incorporated is led by a Board of Directors and a management team. Key executives include the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and various senior vice presidents responsible for operations, sales, marketing, and human resources. The company is structured into divisions that align with its wholesale and retail business segments.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • La-Z-Boy Recliners: The iconic La-Z-Boy recliner remains a flagship product, known for its comfort and durability. La-Z-Boy holds a significant share in the recliner market, though specific market share figures are not publicly disclosed by product line. Key competitors include Ashley Furniture Industries, Klaussner Home Furnishings, and Simmons Upholstery.
  • La-Z-Boy Sofas and Sectionals: The company offers a wide range of upholstered sofas, loveseats, and sectionals designed for comfort and style, complementing their recliner offerings. Competitors in this broader segment include Ethan Allen, Crate & Barrel, and Pottery Barn.
  • La-Z-Boy Furniture Galleries: This retail segment offers a curated selection of La-Z-Boy products and related home furnishings. The success of this segment is tied to the brand's overall strength and customer loyalty.

Market Dynamics

industry overview logo Industry Overview

The US furniture industry is mature and competitive, influenced by consumer spending, housing market trends, and economic conditions. The upholstered furniture segment, in particular, benefits from a focus on home comfort and interior design. The industry is experiencing a shift towards e-commerce and direct-to-consumer models, alongside a continued demand for quality and customization.

Positioning

La-Z-Boy is positioned as a leading brand in the comfortable, durable, and reliable upholstered furniture market, particularly in the recliner segment. Its strong brand recognition, extensive distribution network (including company-owned stores), and focus on innovation in comfort technology are key competitive advantages. However, it faces competition from a wide range of manufacturers, from mass-market retailers to high-end custom furniture makers.

Total Addressable Market (TAM)

The global furniture market is estimated to be hundreds of billions of dollars, with the US market representing a significant portion. The upholstered furniture segment within the US is a substantial part of this TAM. La-Z-Boy Incorporated, as a prominent player in the US, aims to capture a significant share of this market, especially within its core segments of recliners and broader upholstered seating.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition and reputation for comfort and quality.
  • Extensive and well-established distribution network, including La-Z-Boy Furniture Galleries.
  • Vertically integrated operations, providing control over manufacturing and supply chain.
  • Long history and deep experience in the upholstered furniture market.
  • Continuous innovation in comfort and design features.

Weaknesses

  • Reliance on a specific product category (recliners) for a significant portion of revenue.
  • Vulnerability to fluctuations in raw material costs (e.g., foam, fabric, wood).
  • Perception as a more traditional brand, which may not appeal to all demographics.
  • Potential for intense price competition from lower-cost manufacturers.

Opportunities

  • Expansion into new product lines and complementary home furnishings.
  • Growth in international markets.
  • Leveraging e-commerce and digital marketing to reach a wider customer base.
  • Partnerships and collaborations to enhance brand reach and product offerings.
  • Focus on sustainable and eco-friendly manufacturing practices.

Threats

  • Economic downturns impacting consumer discretionary spending.
  • Intensifying competition from domestic and international players, including online retailers.
  • Changes in consumer preferences and design trends.
  • Supply chain disruptions and rising logistics costs.
  • Regulatory changes impacting manufacturing or trade.

Competitors and Market Share

Key competitor logo Key Competitors

  • Ashley Furniture Industries (ASH)
  • Klaussner Home Furnishings (Private)
  • Flexsteel Industries (FLXS)
  • Herman Miller (MLHR) - focused on office but has residential furniture
  • Steelcase (SCS) - focused on office but has residential furniture
  • Ethan Allen Interiors (ETD)

Competitive Landscape

La-Z-Boy holds a strong position in the mid-to-upper tier of the upholstered furniture market, particularly with its recliner segment. Its primary advantage lies in its brand recognition, extensive dealer network, and perceived quality. However, competitors like Ashley Furniture offer a broader range of price points and styles, while companies like Ethan Allen compete on design and customization. The rise of online furniture retailers also presents a significant challenge.

Growth Trajectory and Initiatives

Historical Growth: La-Z-Boy has experienced consistent growth over the past decade, driven by strategic expansions, product innovation, and increased demand for home furnishings. The company has successfully navigated economic downturns and adapted to changing consumer preferences.

Future Projections: Analyst estimates for La-Z-Boy's future growth are generally positive, with expectations of continued revenue increases and stable profitability. Growth is anticipated to be driven by ongoing product development, expansion of its retail footprint, and leveraging its strong brand equity. (Specific analyst projections require access to current financial reports).

Recent Initiatives: Expansion of the La-Z-Boy Furniture Galleries network.,Introduction of new upholstery fabrics and designs, including performance fabrics.,Investments in e-commerce capabilities and digital marketing.,Focus on operational efficiency and supply chain optimization.

Summary

La-Z-Boy Incorporated is a well-established and strong player in the US furniture market, particularly in recliners. Its brand recognition, extensive distribution, and consistent profitability are significant strengths. The company needs to remain vigilant about evolving consumer tastes and increasing online competition, while continuing to innovate and expand its product offerings to maintain its growth trajectory.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • La-Z-Boy Incorporated Investor Relations
  • Financial news outlets (e.g., Wall Street Journal, Bloomberg)
  • Industry research reports
  • Company annual and quarterly reports (10-K, 10-Q)

Disclaimers:

This analysis is based on publicly available information and may not be exhaustive. Financial data and market share figures are subject to change. This information is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence before making any investment decisions.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

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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
Full time employees 10600

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.