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PAST TOP PICK
(A Top Pick Oct 23/20, Down 6%) It's down because of supply chain issues, but they're performing well which is lowering their multiple to 10x earnings. Supply issues will resolve and LZB will benefit.
Consumer Products

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TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate our TOP PICK recommendation of LZB. Recently reported earnings indicate demand growth for their products, which picked up smartly during the pandemic, continues unabated. The company has focused on expanding capacity and efficiency of its supply chain. Margins are expanding and there are healthy order backlogs. It pays a nice dividend, backed by a payout ratio projected at under 25% of cash flow. We would buy this with a stop loss at $30, looking to achieve $50 -- upside potential over 44%. Yield 1.75% (Analysts’ price target is $50.00)
Consumer Products

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TOP PICK
Stockchase Research Editor: Michael O'Reilly LZB recently reported earnings that easily exceeded analyst expectations. Backlog orders suggest they will be at full production capacity for several quarters yet. All their business segments are reporting record demand levels allowing margins to expand. The company has reinstated the dividend and has a payout ratio under 30% of cash flow. They are currently trading at 23x earnings, compared to peers at 40x. We would buy this with a stop loss at $30, looking to achieve $50 -- upside over 36%. Yield 1.00% (Analysts’ price target is $50.00)
Consumer Products

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TOP PICK
Stockchase Research Editor: Michael O'Reilly Recently reported earnings showed sales rebounding, revenue growth and a positive outlook from management -- meeting, but not beating analyst expectations. Management expects sales growth exceeding 30% next quarter, compared to the pandemic impact a year ago. Cash flow is estimated to have increased by over $230 million over the year and with virtually no debt the company is well positioned. It pays a decent dividend, backed by a 21% payout ratio. We would buy this with a stop-loss at $29, looking to achieve $47.50 -- upside of 25%. Yield 1.59% (Analysts’ price target is $47.50)
Consumer Products
TOP PICK
A company that has stayed up with the times. It is a derivative play on home builders. People will be buying more furniture. It trades at a 15x 2021 estimates. They are building their e-commerce offering. There is a lot of demand for furnishing that they will profit from. (Analysts’ price target is $41.00)
Consumer Products
TOP PICK
Their products include other brands that have great online presence. Trades at 13 times earnings. He believes the multiple will return to historic levels. An iconic brand to buy and hold here. Yield 1.7% (Analysts’ price target is $34.67)
Consumer Products
COMMENT

Chart shows this is trying to get through its high of December. It has a great little trend underneath that. Has been pretty volatile. Indicators are sort of turning up. This could possibly come back to $28 still, which is where the long-term trend is, but he doesn’t expect that to happen. There is a good level at around $30 you could look at, or you could wait for the breakout above $33. Take a half position, because a lot of times breakouts have to come back to get retested.

Consumer Products
STRONG BUY

He likes it from a macro point of view. From a company specific point of view they are doing good things. They want to grow their business by 400 stores in 5 years. Their margins are improving from 2.5% to 5% and he thinks they are on the way to 7%.

Consumer Products
PAST TOP PICK

(A Top Pick Aug 26/15. Up 10.69%.) This is really a story about the housing market. There needs to be a lot more household formations to satisfy the population growth. 5 years ago, net margins were about 2%, last year they were 5%, and by the end of the decade he thinks they will be over 7%.

Consumer Products
HOLD

This is a play on the housing recovery, which is very, very nascent. Household formations are still well below historic levels. This company is going to be a beneficiary of that. Very, very well-managed. You are going to see a higher beta on a stock like this, and he would suggest that you stay with this over the long-term, and not be too sensitive to the ups and downs. Thinks it will pay you over time.

Consumer Products
TOP PICK

A derivative play on the housing recovery. This company does well when the housing market does well. They are managing their business very well. Not only growing revenue, but are expanding margin. He is expecting about a 250 basis point expansion and margin over the next few years, which will go straight to profits, because it is operating leverage. Dividend yield of 1.17%.

Consumer Products
PAST TOP PICK

(A Top Pick April 30/14. Up 10.58%.) Bought this basically on the back of what he expected and still expects, i.e. a long term secular move in terms of the housing market and household formation. Looking at statistics, household formation in the US right now is running somewhere around $1 million a year, and the run rate of $1.5 million a year is needed to keep up with the immigration and population growth. Well-managed and produce a good product. Have done well and thinks they will do better.

Consumer Products
TOP PICK

A bit of a play on the household formation theme. As you have people forming households, they are buying furniture. This has been a well managed company. They are working to reinvent themselves a little. Sold their Bauhaus division and have brought Brooke Shields into their ads which he sees as an attempt to take the old man’s chair and revitalize it a little. It is certainly working. Has about a 5% free cash flow yield and earnings growth is pretty robust. Yield of 1%.

Consumer Products
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La-Z-Boy Inc.(LZB-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for La-Z-Boy Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

La-Z-Boy Inc.(LZB-N) Frequently Asked Questions

What is La-Z-Boy Inc. stock symbol?

La-Z-Boy Inc. is a American stock, trading under the symbol LZB-N on the New York Stock Exchange (LZB). It is usually referred to as NYSE:LZB or LZB-N

Is La-Z-Boy Inc. a buy or a sell?

In the last year, 1 stock analyst published opinions about LZB-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for La-Z-Boy Inc..

Is La-Z-Boy Inc. a good investment or a top pick?

La-Z-Boy Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for La-Z-Boy Inc..

Why is La-Z-Boy Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is La-Z-Boy Inc. worth watching?

1 stock analyst on Stockchase covered La-Z-Boy Inc. In the last year. It is a trending stock that is worth watching.

What is La-Z-Boy Inc. stock price?

On 2021-10-20, La-Z-Boy Inc. (LZB-N) stock closed at a price of $33.89.