la-z-boy inc (LZB:New York)
la-z-boy inc (LZB) Snapshot
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Open
$19.30
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Previous Close
$19.25
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Day High
$19.47
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Day Low
$18.73
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52 Week High
05/20/13 - $19.50
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52 Week Low
06/21/12 - $10.95
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Market Cap
1.0B
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Average Volume 10 Days
201.3K
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EPS TTM
$0.73
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Shares Outstanding
52.4M
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EX-Date
05/28/13
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P/E TM
26.3x
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Dividend
$0.16
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Dividend Yield
0.42%
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Related News
la-z-boy inc (LZB) Related Businessweek News
No Related Businessweek News Foundla-z-boy inc (LZB) Details
La-Z-Boy Incorporated manufactures, markets, imports, distributes, and retails upholstery products, accessories, and casegoods furniture products under the La-Z-Boy brand name primarily in the United States and Canada. It operates in three segments: Upholstery, Casegoods, and Retail. The Upholstery segment manufactures, imports, and sells upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, ottomans, and sleeper sofas directly to La-Z-Boy Furniture Galleries stores, operators of Comfort Studios, dealers, and other independent retailers. The Casegoods segment manufactures, imports, markets, and distributes casegoods furniture, including bedroom sets, dining room sets, entertainment centers, and accent pieces, as well as coordinated upholstered furniture primarily to dealers and other independent retailers. The Retail segment sells upholstered furniture, as well as casegoods and other accessories to end consumers through the retail network. This segment operates 85 own La-Z-Boy Furniture Galleries stores located in 9 markets ranging from the Midwest to the east coast of the United States, including southeastern Florida and southern California. As of April 28, 2012, its network included 312 La-Z-Boy Furniture Galleries stores and 553 Comfort Studios. 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.
la-z-boy inc (LZB) Top Compensated Officers
la-z-boy inc (LZB) Key Developments
La-Z-Boy Incorporated declared a quarterly cash dividend on the company's common stock of $0.04 per share. The dividend is payable June 10, 2013 to shareholders of record as of May 30, 2013.
La-Z-Boy Incorporated reported unaudited consolidated earnings results for the third quarter and nine months ended January 26, 2013. For the quarter, the company reported sales of $349,148,000 compared to $316,515,000 a year ago. Operating income was $23,278,000 compared to $17,020,000 a year ago. Income before income taxes was $25,732,000 compared to $18,210,000 a year ago. Net income attributable to the company was $17,064,000 or $0.32 basic and diluted per share compared to $14,958,000 or $0.28 basic and diluted per share a year ago. The company generated $35.9 million in cash for the quarter from operating activities. During the quarter, the company generated $35.9 million in cash from operating activities. Capital expenditures for the quarter were $10.2 million. For the quarter, expenditures related primarily to the land purchased for its new headquarters, the implementation of an E1 system various equipment purchases. For the nine months period, the company reported sales of $972,990,000 compared to $904,288,000 a year ago. Operating income was $41,467,000 compared to $32,741,000 a year ago. Income before income taxes was $43,885,000 compared to $34,054,000 a year ago. Net income attributable to the company was $28,081,000 or $0.52 diluted per share compared to $68,364,000 or $1.28 diluted per share a year ago. Net cash provided by operating activities was $33,452,000 compared to $55,856,000 a year ago. Capital expenditures were $21,792,000 compared to $11,518,000 a year ago. The company's Board of Directors declared a quarterly cash dividend of $0.04 per share on the company's common stock. The dividend will be payable March 8, 2013, to shareholders of record as of March 1, 2013. For the fourth quarter, the company still expects effective tax rate to be in the range of 36% to 38%. For fiscal 2013, the company expects capital expenditures to be in the range of $27 million to $30 million and in addition to the E1 system, the company will include or have included, costs associated with the new stores and remodels of existing stores, the normal replacement of machinery and costs relating to the development of its new World Headquarters.
La-Z-Boy Incorporated, Q3 2013 Earnings Call, Feb 20, 2013
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| LZB:US | $19.19 USD | -0.06 |  |
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Industry Analysis
LZB
Industry Average
| Valuation | LZB | Industry Range |
| Price/Earnings | 21.8x |
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| Price/Sales | 0.8x |
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| Price/Book | 2.1x |
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| Price/Cash Flow | 21.1x |
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| TEV/Sales | 0.7x |
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Post a JobJobs
- Brookfield, CT | La-Z-BoyPosted: May 20
- Monroe, MI | La-Z-BoyPosted: May 20
- Monroe, MI | La-Z-BoyPosted: May 19
- Fort Myers, FL | La-Z-Boy Furniture GalleriesPosted: May 19
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