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La-Z-Boy (LZB)

La-Z-Boy Incorporated is one of the world's leading residential furniture producers, marketing furniture for every room of the home. The Wholesale segment includes England, La-Z-Boy, American Drew®, Hammary®, and Kincaid®. The company-owned Retail segment includes 158 of the 351 La-Z-Boy Furniture Galleries® stores. Joybird is an e-commerce retailer and manufacturer of upholstered furniture. The corporation's branded distribution network is dedicated to selling La-Z-Boy Incorporated products and brands, and includes 351 stand-alone La-Z-Boy Furniture Galleries® stores and 563 independent Comfort Studio® locations, in addition to in-store gallery programs for the company's Kincaid and England operating units.

Company profile

Ticker
LZB
Exchange
CEO
Kurt Darrow
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LA Z BOY CHAIR CO, LA-Z-BOY INCORP
SEC CIK
Subsidiaries
ELK Air Partners III, LLC • England, Inc. • Gavco 188 Limited • La-Z-Boy Asia Co., Ltd. • La-Z-Boy Canada Limited • La-Z-Boy Canada • La-Z-Boy Casegoods, Inc. • La-Z-Boy Global Limited • La-Z-Boy Hong Kong, Limited • La-Z-Boy Logistics, Inc. ...
IRS number
380751137

LZB stock data

Analyst ratings and price targets

Last 3 months

Calendar

21 Jun 22
9 Aug 22
30 Apr 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Apr 22 Apr 21 Apr 20 Apr 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 248.86M 248.86M 248.86M 248.86M 248.86M 248.86M
Cash burn (monthly) (no burn) 12.15M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 40.57M n/a n/a n/a n/a
Cash remaining n/a 208.29M n/a n/a n/a n/a
Runway (months of cash) n/a 17.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 Jennifer Lynn McCurry Common Shares Payment of exercise Dispose F Yes No 28.34 72 2.04K 4,302
28 Jun 22 Michael Adam Leggett Common Shares Grant Acquire A No No 0 5,121 0 10,121
28 Jun 22 Michael Adam Leggett Employee Stock Options Common Shares Grant Acquire A No No 24.41 15,823 386.24K 15,823
28 Jun 22 Robert Gerard Lucian Common Shares Grant Acquire A No No 0 8,027 0 17,815
28 Jun 22 Robert Gerard Lucian Employee Stock Options Common Shares Grant Acquire A No No 24.41 24,802 605.42K 24,802
28 Jun 22 Whittington Melinda D Common Shares Grant Acquire A No No 0 32,773 0 78,558
28 Jun 22 Whittington Melinda D Employee Stock Options Common Shares Grant Acquire A No No 24.41 101,266 2.47M 101,266
28 Jun 22 Sawyer Otis S Common Shares Grant Acquire A No No 0 7,103 0 54,314
28 Jun 22 Sawyer Otis S Employee Stock Options Common Shares Grant Acquire A No No 24.41 21,946 535.7K 21,946
27 Jun 22 Robert Gerard Lucian Common Shares Grant Acquire A No No 0 1,303 0 9,788
15.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 210 226 -7.1%
Opened positions 21 37 -43.2%
Closed positions 37 36 +2.8%
Increased positions 78 67 +16.4%
Reduced positions 77 84 -8.3%
13F shares Current Prev Q Change
Total value 1.34B 1.5B -10.3%
Total shares 40.94M 41.32M -0.9%
Total puts 41.4K 8.9K +365.2%
Total calls 40.4K 49.2K -17.9%
Total put/call ratio 1.0 0.2 +466.5%
Largest owners Shares Value Change
BLK Blackrock 6.99M $184.29M -0.7%
Vanguard 4.99M $131.63M +4.9%
Dimensional Fund Advisors 2.45M $64.51M +1.3%
SAMG Silvercrest Asset Management 2.14M $56.43M +4.2%
Brown Advisory 1.7M $45.13M +15.0%
STT State Street 1.6M $42.24M +3.0%
MCQEF Macquarie 1.58M $41.69M +42.7%
LSV Asset Management 1.57M $41.33M +7.4%
William Blair Investment Management 1.32M $34.69M +79.5%
Geode Capital Management 766.16K $20.2M +0.9%
Largest transactions Shares Bought/sold Change
Wellington Management 350K -2.24M -86.5%
William Blair Investment Management 1.32M +582.55K +79.5%
MCQEF Macquarie 1.58M +472.96K +42.7%
First Trust Advisors 506.39K +308.46K +155.8%
Victory Capital Management 440.59K +248.49K +129.3%
Vanguard 4.99M +233.57K +4.9%
Brown Advisory 1.7M +221.67K +15.0%
Voya Investment Management 17.35K -208.78K -92.3%
Norges Bank 0 -202.17K EXIT
Hillcrest Asset Management 0 -199.56K EXIT

Financial report summary

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Management Discussion
  • Consolidated sales in fiscal 2022 increased 36%, or $622.6 million, compared with the prior year. We estimate the additional week in fiscal 2022 contributed $48.9 million to the increase based on the average weekly sales for the fourth quarter of fiscal 2022. Since retail and manufacturing locations reopened after COVID-related shutdowns at the beginning of fiscal 2021, we have experienced strong written order trends while facing challenges in the global supply chain. In response to heightened demand, we have expanded our manufacturing capacity, increased our strategic raw material reserves, and taken pricing and surcharge actions to counteract rising materials and freight costs. Despite continued supply chain headwinds, the ongoing impact of these strategic actions and sustained demand led to record sales in fiscal 2022.

Content analysis

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