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Last $26.27 USD
Change Today -0.36 / -1.35%
Volume 95.1K
LZB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

la-z-boy inc (LZB) Snapshot

Open
$26.70
Previous Close
$26.63
Day High
$26.73
Day Low
$26.10
52 Week High
01/26/15 - $28.38
52 Week Low
10/10/14 - $19.03
Market Cap
1.3B
Average Volume 10 Days
267.3K
EPS TTM
$1.28
Shares Outstanding
50.5M
EX-Date
05/26/15
P/E TM
20.5x
Dividend
$0.32
Dividend Yield
1.14%
Current Stock Chart for LA-Z-BOY INC (LZB)

la-z-boy inc (LZB) Related Businessweek News

No Related Businessweek News Found

la-z-boy inc (LZB) Details

La-Z-Boy Incorporated manufactures, markets, imports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. The company also produces reclining chairs; and manufactures and distributes residential furniture in the United States. It operates in three segments: Upholstery, Casegoods, and Retail. The Upholstery segment manufactures or imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of Comfort Studios and England custom comfort center locations, dealers, and other independent retailers. The Casegoods segment manufactures, imports, markets, and distributes casegoods furniture, including bedroom sets, dining room sets, entertainment centers and occasional pieces, and upholstered furniture. This segment sells its products to dealers, La-Z-Boy Furniture Galleries stores, and other independent retailers under the American Drew, Hammary, and Kincaid brand names. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. La-Z-Boy Incorporated sells its products through a network of 325 La-Z-Boy Furniture Galleries stores and 576 Comfort Studio locations, as well as in-store gallery programs for its Kincaid and England operating units. 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 based in Monroe, Michigan.

8,270 Employees
Last Reported Date: 06/16/15
Founded in 1927

la-z-boy inc (LZB) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $874.3K
Chief Financial officer and Senior Vice Presi...
Total Annual Compensation: $422.5K
Senior Vice President and President of Brande...
Total Annual Compensation: $477.0K
Senior Vice President and President of Casego...
Total Annual Compensation: $380.0K
Senior Vice President and President of Non-Br...
Total Annual Compensation: $348.1K
Compensation as of Fiscal Year 2014.

la-z-boy inc (LZB) Key Developments

La-Z-Boy Incorporated Plans to Open 7 New Stores for Fiscal 2018

La-Z-Boy Incorporated announced that the company is planning to open 7 new stores in addition to some remodel activity for fiscal 2018.

John H. Foss and Janet L. Gurwitch Announces Not to Stand for Re-Election to the La-Z-Boy Incorporated Board of Directors

On June 15, 2015, La-Z-Boy Incorporated announced that John H. Foss and Janet L. Gurwitch advised Nominating and Governance Committee that they do not intend to stand for re-election to the company's board of directors at the company's annual shareholders meeting. Mr. Foss and Ms. Gurwitch both indicated that their decision resulted from demands of other on-going business and personal activities and is not due to any disagreement with the company on any matter relating to the company's operations, policies or practices. Mr. Foss, who serves on the audit committee, and Ms. Gurwitch, who serves on the compensation and nominating and governance committees, intend to finish their current terms.

La-Z-Boy Incorporated Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended April 25, 2015; Provides Capital Expenditure Guidance for the Fiscal Year 2016

La-Z-Boy Incorporated reported un-audited consolidated earnings results for the fourth quarter and year ended April 25, 2015. For the quarter, the company reported sales were $374,938,000 compared with $353,020,000 a year ago. Operating income was $29,554,000 compared with $22,529,000 a year ago. Income from continuing operations before income taxes was $31,059,000 compared with $23,557,000 a year ago. Income from continuing operations was $20,080,000 compared with $14,960,000 a year ago. Net income was $20,480,000 compared with $12,557,000 a year ago. Net income attributable to La-Z-Boy Incorporated was $20,215,000 compared with $12,239,000 a year ago. Diluted net income attributable to La-Z-Boy Incorporated per share was $0.39 compared with $0.23 a year ago. GAAP income from continuing operations attributable to the company rose to $19.8 million or $0.38 per share from $14.6 million or $0.27 per share in the prior-year period. Capital expenditures for the quarter were $13.8 million and the company generated $32 million in cash from operating activities. For the year, the company reported sales were $1,425,395,000 compared with $1,357,318,000 a year ago. Operating income was $103,165,000 compared with $89,296,000 a year ago. Income from continuing operations before income taxes was $105,628,000 compared with $91,559,000 a year ago. Income from continuing operations was $68,874,000 compared with $60,176,000 a year ago. Net income was $71,971,000 compared with $56,380,000 a year ago. Net income attributable to La-Z-Boy Incorporated was $70,773,000 compared with $55,056,000 a year ago. Diluted net income attributable to La-Z-Boy Incorporated per share was $0.28 compared with $0.20 a year ago. Net cash provided by operating activities was $86,751,000 compared with $90,832,000 a year ago. Capital expenditures was $70,319,000 compared with $33,730,000 a year ago. Adjusted income from continuing operations attributable to La-Z-Boy Incorporated was $66,447,000 compared with $60,869,000 a year ago. Effective tax rate for continuing operations was 35% compared with the 34.3% for the fiscal 2014. Effective tax rate was impacted by a tax benefit for the release of valuation allowances related to certain U.S. state deferred tax assets. The company expects CapEx for fiscal 2016 to be in the range of $30 million to $35 million for regular maintenance, transportation and equipment, continued investments in technology and for new stores.

 

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Industry Analysis

LZB

Industry Average

Valuation LZB Industry Range
Price/Earnings 20.6x
Price/Sales 1.0x
Price/Book 2.6x
Price/Cash Flow 18.8x
TEV/Sales 0.8x
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