LZB Stock Analysis: La-Z-Boy | NYSE
Furnishings, Fixtures & Appliances | NYSE, USA | Market Cap: 1.608m USD | 12M Return: 13% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.3M
EPS Trend: -90.6%
Qual. Beats: 1
Rev. Trend: -6.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
La-Z-Boy Incorporated (NYSE: LZB) is a U.S.-based home furnishings manufacturer and retailer operating through two segments: Wholesale, which produces and distributes upholstered furniture (recliners, sofas, sectionals) and imports casegoods, and Retail, which sells furniture and home accessories to consumers through company-owned stores, including the La-Z-Boy Furniture Galleries network. The company also operates Joybird, an e-commerce-focused upholstered furniture brand, and licenses the La-Z-Boy name to independent retailers. Headquartered in Monroe, Michigan, the company was founded in 1927 and has been publicly traded since 1988.
As a Consumer Discretionary name in the Home Furnishings sub-industry, La-Z-Boys performance is closely tied to U.S. housing turnover, home sales, and broader consumer spending on big-ticket durable goods. Its dual wholesale/retail model combines manufacturing scale with a branded retail footprint, while the Joybird acquisition reflects the industrys broader shift toward direct-to-consumer and online furniture sales.
- Housing market weakness pressures furniture demand and same-store sales
- Tariffs on imported furniture squeeze wholesale segment margins
- Joybird e-commerce growth drives retail segment expansion
| Net Income: 102.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.38 > 1.0 |
| NWC/Revenue: 16.18% < 20% (prev 18.25%; Δ -2.07% < -1%) |
| CFO/TA 0.10 > 3% & CFO 204.1m > Net Income 102.0m |
| Net Debt (261.1m) to EBITDA (271.3m): 0.96 < 3 |
| Current Ratio: 1.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (41.3m) vs 12m ago -1.43% < -2% |
| Gross Margin: 44.04% > 18% (prev 43.92%; Δ 0.12% > 0.5%) |
| Asset Turnover: 107.3% > 50% (prev 109.7%; Δ -2.45% > 0%) |
| Interest Coverage Ratio: 266.0 > 6 (EBIT TTM 139.4m / Interest Expense TTM 524k) |
| A: 0.17 (Total Current Assets 773.9m - Total Current Liabilities 429.9m) / Total Assets 2.04b |
| B: 0.30 (Retained Earnings 610.4m / Total Assets 2.04b) |
| C: 0.07 (EBIT TTM 139.4m / Avg Total Assets 1.98b) |
| D: 1.07 (Book Value of Equity 1.05b / Total Liabilities 979.7m) |
| Altman-Z'' = 3.68 = AA |
| DSRI: 0.93 (Receivables 131.0m/139.5m, Revenue 2.13b/2.11b) |
| GMI: 1.00 (GM 43.92% / 44.04%) |
| AQI: 1.13 (AQ_t 0.19 / AQ_t-1 0.17) |
| SGI: 1.01 (Revenue 2.13b / 2.11b) |
| TATA: -0.05 (NI 102.0m - CFO 204.1m) / TA 2.04b) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of June 30, 2026, the stock is trading at USD 39.95 with a total of 571,183 shares traded. Over the past week, the price has changed by +3.25%, over one month by +8.04%, over three months by +28.96% and over the past year by +13.02%.
Current recommended Stop Loss: 37.80 (which is 5.4% or 1.3 ATR below the current price).
La-Z-Boy has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold LZB.
- StrongBuy: 1
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 46 | 15.1% |
P/E Trailing = 16.3158
P/E Forward = 13.5501
P/S = 0.7561
P/B = 1.5195
P/EG = 1.2324
Revenue TTM = 2.13b USD
EBIT TTM = 139.4m USD
EBITDA TTM = 271.3m USD
Long Term Debt = 475.5m USD (estimated: total debt 564.3m - short term 88.8m)
Short Term Debt = 88.8m USD (from shortTermDebt, last quarter)
Debt = 564.3m USD (from shortLongTermDebtTotal, last quarter) (leases 564.3m already included)
Net Debt = 261.1m USD (calculated: Debt 564.3m - CCE 303.2m)
Enterprise Value = 1.87b USD (1.61b + Debt 564.3m - CCE 303.2m)
Interest Coverage Ratio = 266.0 (Ebit TTM 139.4m / Interest Expense TTM 524k)
EV/FCF = 14.62x (Enterprise Value 1.87b / FCF TTM 127.8m)
FCF Yield = 6.84% (FCF TTM 127.8m / Enterprise Value 1.87b)
FCF Margin = 6.01% (FCF TTM 127.8m / Revenue TTM 2.13b)
Net Margin = 4.80% (Net Income TTM 102.0m / Revenue TTM 2.13b)
Gross Margin = 44.04% ((Revenue TTM 2.13b - Cost of Revenue TTM 1.19b) / Revenue TTM)
Gross Margin QoQ = 46.07% (prev 43.12%)
Tobins Q-Ratio = 0.92 (Enterprise Value 1.87b / Total Assets 2.04b)
Interest Expense / Debt = 0.09% (Interest Expense 524k / Debt 564.3m)
Taxrate = 25.86% (35.9m / 138.8m)
NOPAT = 103.3m (EBIT 139.4m * (1 - 25.86%))
Current Ratio = 1.80 (Total Current Assets 773.9m / Total Current Liabilities 429.9m)
Debt / Equity = 0.54 (Debt 564.3m / totalStockholderEquity, last quarter 1.05b)
Debt / EBITDA = 0.96 (Net Debt 261.1m / EBITDA 271.3m)
Debt / FCF = 2.04 (Net Debt 261.1m / FCF TTM 127.8m)
Total Stockholder Equity = 1.04b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.14% (Net Income 102.0m / Total Assets 2.04b)
RoE = 9.83% (Net Income TTM 102.0m / Total Stockholder Equity 1.04b)
RoCE = 9.22% (EBIT 139.4m / Capital Employed (Equity 1.04b + L.T.Debt 475.5m))
RoIC = 6.48% (NOPAT 103.3m / Invested Capital 1.59b)
WACC = 6.27% (E(1.61b)/V(2.17b) * Re(8.45%) + D(564.3m)/V(2.17b) * Rd(0.09%) * (1-Tc(0.26)))
Discount Rate = 8.45% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -1.93%
[DCF] Terminal Value 77.67% ; FCFF base≈121.9m ; Y1≈137.5m ; Y5≈194.1m
[DCF] Fair Price = 66.95 (EV 2.93b - Net Debt 261.1m = Equity 2.67b / Shares 39.9m; r=8.35% [WACC [floored]]; 5y FCF grow 13.11% → 2.50% )
EPS Correlation: -90.58 | EPS CAGR: -7.62% | SUE: 0.92 | # QB: 1
Revenue Correlation: -6.05 | Revenue CAGR: -0.15% | SUE: 0.10 | # QB: 0
EPS current Quarter (2026-07-31): EPS=0.49 | Chg30d=+0.67% | Revisions=-33% | Analysts=3
EPS next Quarter (2026-10-31): EPS=0.72 | Chg30d=+0.24% | Revisions=-33% | Analysts=3
EPS current Year (2027-04-30): EPS=2.94 | Chg30d=-0.56% | Revisions=+20% | GrowthEPS=-3.2% | GrowthRev=+2.0%
EPS next Year (2028-04-30): EPS=3.30 | Chg30d=+0.40% | Revisions=+20% | GrowthEPS=+12.2% | GrowthRev=+3.3%
[Analyst] Revisions Ratio: -33%