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La-Z-Boy Incorporated (LZB)



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Upturn Advisory Summary
03/27/2025: LZB (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -20.36% | 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 1.60B USD | Price to earnings Ratio 13.29 | 1Y Target Price 46 |
Price to earnings Ratio 13.29 | 1Y Target Price 46 | ||
Volume (30-day avg) 712109 | Beta 1.4 | 52 Weeks Range 31.36 - 48.06 | Updated Date 03/28/2025 |
52 Weeks Range 31.36 - 48.06 | Updated Date 03/28/2025 | ||
Dividends yield (FY) 2.19% | Basic EPS (TTM) 2.91 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.93% | Operating Margin (TTM) 6.74% |
Management Effectiveness
Return on Assets (TTM) 5.05% | Return on Equity (TTM) 12.47% |
Valuation
Trailing PE 13.29 | Forward PE - | Enterprise Value 1829702653 | Price to Sales(TTM) 0.76 |
Enterprise Value 1829702653 | Price to Sales(TTM) 0.76 | ||
Enterprise Value to Revenue 0.87 | Enterprise Value to EBITDA 6.14 | Shares Outstanding 41288800 | Shares Floating 40878849 |
Shares Outstanding 41288800 | Shares Floating 40878849 | ||
Percent Insiders 0.74 | Percent Institutions 101.85 |
Analyst Ratings
Rating 3 | Target Price 46 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
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. Originally focused on woodworking and carpentry, they invented the reclining wood-slat chair in 1928, which became their signature product. The company has evolved from a small furniture shop to a global leader in residential furniture, known for innovation and comfort.
Core Business Areas
- Upholstery: This segment focuses on the production, marketing, and distribution of upholstered furniture, including recliners, sofas, sectionals, and chairs. It is the company's primary revenue driver.
- Casegoods: This segment includes the manufacturing and sale of wood furniture such as bedroom sets, dining room sets, and occasional tables.
- Retail: La-Z-Boy operates a network of company-owned and independent retail stores that sell its furniture directly to consumers. This segment includes e-commerce sales.
Leadership and Structure
The CEO of La-Z-Boy Incorporated is Melinda D. Whittington. The company operates with a traditional corporate structure, including a board of directors and various executive leadership positions overseeing different business units.
Top Products and Market Share
Key Offerings
- Recliners: La-Z-Boy is best known for its recliners, which hold a significant market share in the reclining furniture category. This product is the main profit driver for the company. Competitors include Ashley Furniture, Klaussner Furniture, and Catnapper.
- Sofas and Sectionals: La-Z-Boy offers a wide range of sofas and sectionals, often featuring reclining options. Market share is competitive, but La-Z-Boy is a major player. Competitors include Ashley Furniture, Rooms To Go, and Crate & Barrel.
- Office Furniture: A range of office furniture targeted to home and commercial offices. Competitors include Herman Miller, Steelcase.
Market Dynamics
Industry Overview
The residential furniture industry is highly competitive and influenced by economic conditions, housing market trends, and consumer preferences. The industry is fragmented, with numerous manufacturers and retailers.
Positioning
La-Z-Boy is positioned as a premium brand known for comfort, quality, and innovation. The company targets middle-to-upper-income consumers seeking durable and comfortable furniture.
Total Addressable Market (TAM)
The global furniture market is expected to reach USD 720 billion in 2024 and is projected to grow to USD 877.28 billion by 2029. La-Z-Boy is positioned to capture a segment of this market through its brand recognition and retail presence.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Extensive retail network
- Focus on comfort and quality
- Vertically integrated manufacturing
Weaknesses
- Dependence on the North American market
- Higher price point compared to some competitors
- Exposure to cyclical economic conditions
- Potential impact to revenue from fluctuating consumer spending
Opportunities
- Expansion into international markets
- Growth in the e-commerce channel
- Development of new product categories
- Capitalizing on the growing aging population
Threats
- Intense competition from low-cost manufacturers
- Fluctuations in raw material costs
- Changes in consumer preferences
- Economic downturns affecting consumer spending
Competitors and Market Share
Key Competitors
- Ashley Furniture Industries
- HNI Corporation (HNI)
- Steelcase (SCS)
Competitive Landscape
La-Z-Boy competes with a range of furniture manufacturers and retailers. Its advantages include brand recognition and a strong retail network. Disadvantages include a higher price point and dependence on the North American market.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical Growth needs to be added here once it's available
Future Projections: Future Projections needs to be added here once it's available
Recent Initiatives: Recent Initiatives needs to be added here once it's available
Summary
La-Z-Boy is a well-established furniture company with strong brand recognition and a robust retail network. The company benefits from its focus on comfort and quality. However, La-Z-Boy faces challenges from intense competition and fluctuating economic conditions. Expanding internationally and further developing the e-commerce channel could contribute to future growth.
Similar Companies
- HNI
- SCS
- ETH
- MANU
Sources and Disclaimers
Data Sources:
- La-Z-Boy Incorporated Investor Relations
- Industry reports and market research data
- Company press releases and SEC filings
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.
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 | CEO - | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 10200 | Website https://www.la-z-boy.com |
Full time employees 10200 | 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 locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. It also licenses La-Z-Boy brand name on various products; and operates Joybird, an e-commerce retailer and manufacturer of upholstered furniture. 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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