Docoh
Loading...

LZB La-Z-Boy

La-Z-Boy, Inc. engages in the production of reclining chairs and manufacture and distribution of residential furniture. It operates through the following segments: Upholstery, Casegoods, Retail, and Corporate and Other. The Upholstery segment manufactures and imports recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. The Casegoods segment markets and distributes wood furniture such as bedroom sets, dining room sets, entertainment centers, and occasional pieces; and also manufactures some custom upholstered furniture. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories, to the end consumer through the retain network. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.

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
IRS number
380751137

LZB stock data

(
)

Calendar

16 Feb 21
14 Jun 21
24 Apr 22
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Apr 20 Apr 19 Apr 18 Apr 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from La-Z-Boy earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Feb 21 James P Hackett Common Shares Buy Aquire P No No 42.657 175 7.46K 1,210
9 Dec 20 Darrow Kurt L Common Shares Gift Dispose G No No 0 685 0 424,902
8 Dec 20 Darrow Kurt L Common Shares Gift Dispose G No No 0 230 0 425,587

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

92.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 224 212 +5.7%
Opened positions 37 33 +12.1%
Closed positions 25 33 -24.2%
Increased positions 74 60 +23.3%
Reduced positions 78 87 -10.3%
13F shares
Current Prev Q Change
Total value 1.82B 1.78B +2.5%
Total shares 42.81M 44.62M -4.1%
Total puts 39.6K 27.6K +43.5%
Total calls 228.3K 55.9K +308.4%
Total put/call ratio 0.2 0.5 -64.9%
Largest owners
Shares Value Change
BLK Blackrock 7.34M $311.62M +1.5%
Vanguard 4.82M $204.59M +5.7%
Wellington Management 4.11M $174.52M -1.2%
Dimensional Fund Advisors 2.51M $106.48M -6.9%
SAMG Silvercrest Asset Management 2.4M $101.94M -9.7%
STT State Street 1.43M $60.7M +1.0%
LSV Asset Management 1.22M $51.86M -4.1%
MCQEF Macquarie 1.06M $45.09M +33.1%
Brown Advisory 956.07K $40.61M +4.3%
NTRS Northern Trust 847.19K $35.99M -28.2%
Largest transactions
Shares Bought/sold Change
MS Morgan Stanley 155.86K -810.21K -83.9%
Norges Bank 0 -406.29K EXIT
Lazard Asset Management 0 -380.42K EXIT
Acadian Asset Management 1.18K -345.1K -99.7%
NTRS Northern Trust 847.19K -333.48K -28.2%
Panagora Asset Management 10.28K -266.45K -96.3%
MCQEF Macquarie 1.06M +263.77K +33.1%
Vanguard 4.82M +261.46K +5.7%
SAMG Silvercrest Asset Management 2.4M -259.2K -9.7%
Balyasny Asset Management 204.46K +204.46K NEW

Financial report summary

?
Risks
  • The ongoing global COVID-19 pandemic had and may continue to have an adverse effect our business, results of operations, financial condition, and liquidity.
  • Declines in certain economic conditions, which impact consumer confidence and consumer spending, could negatively impact our sales, results of operations and liquidity.
  • Loss of market share and other financial or operational difficulties due to competition would likely result in a decrease in our sales, earnings, and liquidity.
  • Our business and our reputation could be adversely affected by cybersecurity incidents and the failure to protect sensitive employee, customer, consumer, vendor or Company data, or to comply with evolving regulations relating to our obligation to protect such data.
  • We rely extensively on information technology systems to process transactions, summarize results, and manage our business and that of certain independent dealers. Disruptions in both our primary and back-up systems could adversely affect our business and operating results.
  • Inability to maintain and enhance our brand and respond to changes in our current and potential consumers' tastes and trends in a timely manner could adversely affect our business and operating results.
  • Fluctuations in the price, availability and quality of raw materials could cause delays that could result in our inability to provide goods to our customers or could increase our costs, either of which could decrease our earnings.
  • Changes in the availability and cost of foreign sourcing and economic uncertainty in countries outside of the United States in which we operate or from which we purchase product, could adversely affect our business and results of operations.
  • Our operations are subject to risks of unsettled political conditions, natural or man-made disasters, acts of war, terrorism, organized crime, and public health concerns, any one of which could adversely affect our business and results of operations.
  • Our current retail markets and other markets that we enter in the future may not achieve the growth and profitability we anticipate. We could incur charges for the impairment of long-lived assets, goodwill, or other intangible assets if we fail to meet our earnings expectations for these markets.
  • We make certain assumptions, judgments and estimates that impact the amounts reported in our consolidated financial statements, which, if not accurate, may impact our financial results.
  • We may not be able to recruit and retain key employees and skilled workers in a competitive labor market.
  • We may require funding from external sources, which may not be available at the levels we require or may cost more than we expect, and as a result, our expenses and operating results could be negatively affected.
  • We may not be able to collect amounts owed to us.
  • Changes in regulation of our international operations could adversely affect our business and results of operations.
  • We may be subject to product liability claims or undertake to recall one or more products, which could adversely affect our financial results and reputation.
Management Discussion
  • Consolidated sales in fiscal 2020 declined $41.4 million compared with the prior year primarily due to lower sales in our Upholstery segment, partially offset by the benefit of a full year of sales from our Joybird and Retail segment acquisitions which occurred in the second quarter of fiscal 2019. In the first three quarters of fiscal 2020, consolidated sales increased 3.5%, or $45.1 million, driven primarily by strong sales in our Upholstery and Retail segments. This trend reversed in the fourth quarter due to the impact of COVID-19. Fiscal 2020 fourth quarter sales were down $86.5 million when compared to the fourth quarter last year, resulting in a 2.4% decrease in full year fiscal 2020 consolidated sales compared with last year.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: bad, debt, healthcare, payable, resumed, speed, strongest, ticket