La-Z-Boy Incorporated (LZB) AI Stock Analysis

La-Z-Boy Incorporated is a prominent manufacturer, distributor, and retailer of upholstery furniture products and casegoods furniture, serving markets across the United States, Canada, and internationally. Operating through Wholesale, Retail, and Corporate and Other segments, the company offers recliners, sofas, chairs, sectionals, bedroom sets, and dining room furniture. The Wholesale segment manufactures and imports furniture distributed through La-Z-Boy Furniture Galleries stores, Comfort Studio locations, and independent retailers. Its Retail segment sells directly to consumers through a chain of 161 company-owned La-Z-Boy Furniture Galleries stores. Founded in 1927, the company is headquartered in Monroe, Michigan.

La-Z-Boy grew revenue from $2.05B in FY2024 to $2.11B in FY2025 and $2.13B in FY2026, reflecting a 5-year revenue CAGR of 4.2% from FY2021 to FY2026. Gross margin expanded from 37.3% in FY2022 to 44.0% in FY2026. However, operating margin narrowed from 8.8% in FY2022 to 6.1% in FY2026. Net income was $102.0M in FY2026, down from $150.0M in FY2022, while diluted EPS decreased from $3.12 to $2.71 over the same period. In the latest quarter ended July 31, 2026, revenue fell 3.4% year-over-year, while quarterly earnings grew 133.1%. Over the trailing twelve months, revenue was $2.11B and operating margin was 2.7%.

As of July 31, 2026, La-Z-Boy held $272.7M in cash and short-term investments against total debt of $541.5M, resulting in net debt of $268.9M. The company reported a current ratio of 1.66 and a debt-to-equity ratio of 0.53 on shareholders' equity of $1.01B. In FY2026, operating cash flow was $204.1M. Capital allocation for the year included $76.3M in capital expenditures, $47.3M in share buybacks, and $37.9M in dividends paid. Over the past 5 years, the company's share count was reduced by 10.0%.

La-Z-Boy trades at a trailing P/E of 15.2x and a forward P/E of 11.8x, both below the median of its US-listed Consumer Cyclical peers at 18.0x and 14.1x, respectively. Its enterprise value to EBITDA ratio is 6.0x, compared to the peer median of 11.1x, while its price-to-sales ratio is 0.6x versus the peer median of 0.7x. Over the past year, the stock declined 2.7%, lagging the S&P 500 gain of 16.8%. Over 5 years, LZB gained 1.8%, compared to an 83.0% return for the S&P 500.

La-Z-Boy pays a quarterly dividend with an annual forward payout of $0.97 per share, resulting in a dividend yield of 3.22%. Its payout ratio is 36.2%. The company has paid dividends for 15 consecutive years and generated a 5-year annualized dividend growth rate of 20.8%. The most recent ex-dividend date was September 3, 2026.

Wall Street analyst coverage consists of 1 Strong Buy and 1 Hold rating. The mean price target is $41.00, representing 36.3% upside over the last close of $30.07. For the fiscal year ending April 30, 2027, consensus estimates project revenue of $2.09B and EPS of $2.52, an expected EPS decrease of 17.2%. La-Z-Boy beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 17, 2026.

This page is an AI-written research summary of La-Z-Boy Incorporated (LZB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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