La-Z-Boy Hits 20-Day High on Strong Q2 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19 Nov 25
Source: investopedia.com
Shares of La-Z-Boy Inc. (LZB.N) surged to a 20-day high today, reflecting positive investor sentiment following the company’s fiscal second-quarter earnings report. The furniture retailer reported a profit of $28.9 million, or $0.70 per share, slightly down from last year but still above expectations, with revenues increasing by 0.3% to $522.48 million. Analysts noted the company’s strategic initiatives, including new store openings and a 10% dividend increase, as key drivers of growth. La-Z-Boy's optimistic revenue guidance for the upcoming quarter, estimating between $525 million and $545 million, further bolstered investor confidence, contributing to the stock's upward momentum.
Analyst Views on LZB
Wall Street analysts forecast LZB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LZB is 42.50 USD with a low forecast of 39.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 36.770
Low
39.00
Averages
42.50
High
46.00
Current: 36.770
Low
39.00
Averages
42.50
High
46.00
About LZB
La-Z-Boy Incorporated is a vertically integrated furniture retailer and manufacturer. The Company manufactures, markets, imports, exports, distributes and retails upholstery furniture products under the La-Z-Boy, England, Kincaid, and Joybird tradenames. Its segments include the Wholesale segment and the Retail segment. The Retail segment consists of over 200 Company-owned La-Z-Boy Furniture Galleries stores and is part of a broader network of nearly 370 La-Z-Boy Furniture Galleries that, with La-Z-Boy.com, serve customers nationwide. Joybird, an e-commerce retailer and manufacturer of modern upholstered furniture, has over 12 stores in the United States. In the Wholesale segment, the Company manufactures comfortable, custom furniture for Furniture Galleries and a variety of retail channels. England Furniture Co. offers custom upholstered furniture, and casegoods brands Kincaid, American Drew, and Hammary provide pieces that make every room feel like home.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
