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Last $26.95 USD
Change Today -0.14 / -0.52%
Volume 245.0K
LZB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

la-z-boy inc (LZB) Snapshot

Open
$27.09
Previous Close
$27.09
Day High
$27.28
Day Low
$26.76
52 Week High
01/26/15 - $28.38
52 Week Low
10/10/14 - $19.03
Market Cap
1.4B
Average Volume 10 Days
383.2K
EPS TTM
$1.22
Shares Outstanding
51.2M
EX-Date
05/26/15
P/E TM
22.1x
Dividend
$0.32
Dividend Yield
1.11%
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 and Canada. The company also produces reclining chairs; and manufactures/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 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 and other independent retailers under the American Drew, Hammary, and Kincaid brands. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. As of August 19, 2014, this segment marketed La-Z-Boy products and brands through 317 stand-alone La-Z-Boy Furniture Galleries stores and 586 independent 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.

8,300 Employees
Last Reported Date: 06/17/14
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 Declares Quarterly Dividend, Payable on June 10, 2015

La-Z-Boy Incorporated declared a quarterly cash dividend on the company's common stock of $0.08 per share. The dividend is payable on June 10, 2015 to shareholders of record as of May 28, 2015.

La-Z-Boy Incorporated Appoints Jeffrey Fink as Vice President, Real Estate, Effective from March 9, 2015

La-Z-Boy Incorporated announced the appointment of Jeffrey Fink as Vice President, Real Estate. He will join the company on March 9, 2015, and will report to Mark Bacon, Senior Vice President and President La-Z-Boy Branded Business. In this capacity, Fink will have overall responsibility for real estate development for the La-Z-Boy Furniture Galleries network, as well as for corporate-operated locations. Fink joins La-Z-Boy from Jo-Ann Stores, LLC, where he was Senior Vice President, Real Estate and Lease Administration. In that capacity, he worked on a team responsible for real estate strategy, tactics and execution for growth and asset management of 850 stores.

La-Z-Boy Incorporated Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended January 24, 2015; Plans to Open New Stores in the Fiscal Year 2015; Provides Capital Expenditure Guidance for the Fiscal Years 2015 and 2016

La-Z-Boy Incorporated reported unaudited consolidated financial results for the third quarter and nine months ended January 24, 2015. For the quarter, the company reported sales of $357,876,000 against $346,525,000 a year ago. Operating income was $26,928,000 compared to $25,884,000 a year ago. Income from continuing operations before income taxes was $27,834,000 compared to $26,774,000 a year ago. Income from continuing operations was $18,357,000 compared to $17,858,000 a year ago. Net income attributable to the company was $17,948,000 or $0.34 per diluted share compared to $16,483,000 or $0.31 per diluted share a year ago. During the quarter, the company generated $23.3 million in cash from operating activities. In the period, the company had $15.9 million in capital expenditures. The company reported that out of capital expenditures, about 1/2 of relates to its new office building. Income from continuing operations attributable to the company was $17,833,000 or $0.34 per diluted share compared to $17,470,000 or $0.33 per diluted share a year ago. Adjusted net income from continuing operations attributable to the company was $17,324,000 or $0.33 per diluted share, ex one-time items, versus $17,430,000 or $0.33 per share in the same quarter the previous year. For the nine months, the company reported sales of $1,050,457,000 compared to $1,004,298,000 a year ago. Operating income was $73,611,000 compared to $66,767,000 a year ago. Income from continuing operations before income taxes was $74,569,000 compared to $68,002,000 a year ago. Income from continuing operations was $48,594,000 compared to $45,216,000 a year ago. Net income attributable to the company was $50,558,000 or $0.96 per diluted share compared to $42,817,000 or $0.80 per diluted share a year ago. Adjusted net income from continuing operations attributable to the company was $46,932,000 or $0.89 per share, ex one-time items, versus $43,252,000 or $0.80 per share in the previous year. Net cash provided by operating activities was $55,064,000 compared to $62,789,000 a year ago. Capital expenditure was $56,512,000 compared to $23,078,000 a year ago. Income from continuing operations attributable to the company was $47,661,000 or $0.90 per diluted share compared to $44,210,000 or $0.82 per diluted share a year ago. The company believed that it will end fiscal 2015 with approximately 31 projects completed, including new stores, relocations and remodels, and plan to stay on a pace of between 30 to 35 projects annually for the next three years to reach 400-store pinnacle. Net new store count will increase by 11 this year. In addition, the company will have reduced old store count by 15 and will double the number of new concept design stores which are performing at a higher level than stores in the other formats. The company expects to end fiscal 2015 with 326 stores. The company anticipates CapEx for fiscal year 2015 to be in the range of $70 million to $75 million, reflecting costs associated with new World Headquarters as well as for stores, transportation and equipment and routine maintenance. For the fiscal year 2016, the company expects CapEx to return to a more normalized level of about $25 million to $30 million, roughly mirroring depreciation and amortization.

 

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Industry Analysis

LZB

Industry Average

Valuation LZB Industry Range
Price/Earnings 23.1x
Price/Sales 1.0x
Price/Book 2.6x
Price/Cash Flow 22.0x
TEV/Sales 0.9x
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