LZB La-Z-Boy Inc
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
Website
CEO
Kurt L. Darrow
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
La Z Boy Chair Co, La-z-boy Incorp
SEC CIK
Corporate docs
IRS number
380751137
Calendar
18 Feb 20
7 Apr 20
27 Apr 20
News
Company financial data Financial data
| Quarter (USD) | Jan 20 | Oct 19 | Jul 19 | Apr 19 | |
|---|---|---|---|---|---|
| Revenue | 475.86M | 447.21M | 413.63M | 453.79M | |
| Net income | 34.51M | 22.59M | 18.07M | 1.53M | |
| Diluted EPS | 0.74 | 0.48 | 0.38 | 0.02 | |
| Net profit margin | 7.25% | 5.05% | 4.37% | 0.34% | |
| Operating income | 52.31M | 29.6M | 23.42M | 37.17M | |
| Net change in cash | 48.7M | 5.95M | -18.2M | 28.24M | |
| Cash on hand | 166.27M | 117.57M | 111.62M | 129.82M | |
| Cost of revenue | 276.22M | 264.82M | 245.92M | 264.02M |
| Annual (USD) | Apr 19 | Apr 15 |
|---|---|---|
| Revenue | 1.75B | 1.43B |
| Net income | 68.57M | 70.77M |
| Diluted EPS | 1.44 | 1.34 |
| Net profit margin | 3.93% | 4.97% |
| Operating income | 129.67M | 103.17M |
| Net change in cash | 31.52M | |
| Cash on hand | 129.82M | 98.3M |
| Cost of revenue | 1.04B | 920.9M |
Financial data from La-Z-Boy earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 20 Feb 20 | Kurt L Darrow | Stock Option Common Shares | Option exercise | Dispose M | 25.99 | 9,500 | 246.9K | 80,357 |
| 20 Feb 20 | Kurt L Darrow | Common Shares | Sell | Dispose S | 35.3372 | 9,500 | 335.7K | 557,407 |
| 20 Feb 20 | Kurt L Darrow | Common Shares | Option exercise | Aquire M | 25.99 | 9,500 | 246.9K | 566,907 |
| 19 Feb 20 | Kurt L Darrow | Stock Option Common Shares | Option exercise | Dispose M | 25.99 | 61,113 | 1.59M | 89,857 |
| 19 Feb 20 | Kurt L Darrow | Common Shares | Sell | Dispose S | 35.0035 | 61,113 | 2.14M | 557,407 |
| 19 Feb 20 | Kurt L Darrow | Common Shares | Option exercise | Aquire M | 25.99 | 61,113 | 1.59M | 618,520 |
| 7 Jan 20 | Stephen K Krull | Common Shares | Payment of exercise | Dispose F | 31.35 | 415 | 13.01K | 7,283 |
| 12 Dec 19 | Kurt L Darrow | Common Shares | Gift | Dispose G | 0 | 1,850 | 0 | 27,175 |
| 12 Dec 19 | Kurt L Darrow | Common Shares | Gift | Dispose G | 0 | 1,365 | 0 | 554,859 |
| 7 Oct 19 | Kurt L Darrow | Common Shares | Gift | Dispose G | 0 | 296 | 0 | 556,224 |
Institutional ownership Q4 2019
91.2% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 208 |
| Opened positions | 37 |
| Closed positions | 36 |
| Increased positions | 73 |
| Reduced positions | 68 |
13F shares |
Current |
|---|---|
| Total value | 3.38B |
| Total shares | 42.89M |
| Total puts | 30.2K |
| Total calls | 55.9K |
| Total put/call ratio | 0.5 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 7.04M | $221.72M |
| Vanguard | 4.9M | $154.15M |
| Wellington Management | 4.25M | $133.77M |
| Dimensional Fund Advisors | 2.99M | $94.21M |
| SAMG Silvercrest Asset Management | 2.41M | $76M |
| STT State Street | 1.4M | $43.97M |
| NTRS Northern Trust | 1.27M | $39.93M |
| Nuveen Asset Management | 1.23M | $38.82M |
| Norges Bank | 1.05M | $33.16M |
| BK Bank Of New York Mellon | 706.06K | $22.23M |
Financial report summary
?Competition
Furniture Brands International
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Good
|
|
New words:
absence, disciplined, exploring, frequently, hand, high, investee, monitoring, owed, paragraph, percent, promotional, property, qualitative, quantitative, recoverable, remote, select, sequentially, short, situation, stage, Subtopic, tempered, uncertainty, unfavorable, variety
Removed:
recent
Financial reports
10-Q
2020 Q3
Quarterly report
18 Feb 20
10-Q
2020 Q2
Quarterly report
20 Nov 19
10-Q
2020 Q1
Quarterly report
20 Aug 19
10-K
2019 FY
Annual report
18 Jun 19
10-Q
2019 Q3
Quarterly report
19 Feb 19
10-Q
2019 Q2
Quarterly report
28 Nov 18
10-Q
2019 Q1
Quarterly report
21 Aug 18
10-K
2018 FY
Annual report
19 Jun 18
10-Q
2018 Q3
Quarterly report
20 Feb 18
10-Q
2018 Q2
Quarterly report
29 Nov 17
Current reports
8-K
La-z-boy Announces COVID-19 Action Plan
30 Mar 20
8-K
La-z-boy Reports Fiscal 2020 Third-quarter Results
18 Feb 20
8-K
La-z-boy Reports Fiscal 2020 Second-quarter Results
20 Nov 19
8-K
Submission of Matters to a Vote of Security Holders
28 Aug 19
8-K
La-z-boy Reports Fiscal 2020 First-quarter Results
20 Aug 19
8-K
La-z-boy Announces Moves to Optimize Supply Chain
9 Aug 19
8-K
La-z-boy Reports Strong Fiscal 2019 Performance
18 Jun 19
8-K
La-z-boy Comments on Anticipated Fiscal 2019 Results
5 Jun 19
8-K
La-z-boy Names Chief Operating Officer
8 May 19
8-K
La-z-boy Announces Retirement of Doug Collier
24 Apr 19
Registration and prospectus
S-8
Registration of securities for employees
1 Mar 18
S-8
Registration of securities for employees
20 Nov 13
S-8 POS
Registration of securities for employees (post-effective amendment)
2 May 13
S-8
Registration of securities for employees
19 Aug 10
25
Voluntary exchange delisting
12 Dec 06
S-8
Registration of securities for employees
12 Aug 04
S-8
Registration of securities for employees
28 Jan 00
S-4/A
Registration of securities issued in business combination transactions (amended)
23 Dec 99
S-4
Registration of securities issued in business combination transactions
15 Dec 99
S-8
Registration of securities for employees
22 Aug 97
Proxies
DEFA14A
Additional proxy soliciting materials
16 Jul 19
DEF 14A
Definitive proxy
16 Jul 19
DEFA14A
Additional proxy soliciting materials
5 Jul 19
DEFA14A
Additional proxy soliciting materials
13 Jul 18
DEF 14A
Definitive proxy
13 Jul 18
DEF 14A
Definitive proxy
18 Jul 17
DEFA14A
Additional proxy soliciting materials
18 Jul 17
DEF 14A
Definitive proxy
13 Jul 16
DEFA14A
Additional proxy soliciting materials
13 Jul 16
DEF 14A
Definitive proxy
8 Jul 15
Other
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
30 May 18
UPLOAD
Letter from SEC
25 Apr 18
CORRESP
Correspondence with SEC
18 Apr 18
UPLOAD
Letter from SEC
5 Apr 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
31 May 16
SD
Conflict minerals disclosure
29 May 15
SD
Conflict minerals disclosure
2 Jun 14
UPLOAD
Letter from SEC
20 Dec 13
Ownership
4
LA-Z-BOY / KURT L DARROW ownership change
21 Feb 20
SC 13G/A
La-z-boy Inc
14 Feb 20
SC 13G/A
La-z-boy Inc
12 Feb 20
SC 13G/A
Beneficial ownership report (amended)
12 Feb 20
SC 13G/A
La-z-boy Inc
4 Feb 20
SC 13G/A
La-z-boy Inc
27 Jan 20
4
LA-Z-BOY / STEPHEN K KRULL ownership change
9 Jan 20
4
LA-Z-BOY / Darrell Dewain Edwards ownership change
25 Sep 19
3
LA-Z-BOY / STEPHEN K KRULL ownership change
4 Sep 19
4
LA-Z-BOY / Sarah M. Gallagher ownership change
3 Sep 19
Patents
GRANT
Utility
Furniture member having flexible seatback
25 Feb 20
A furniture member may include a stationary frame assembly and a seatback cushion.
GRANT
Utility
Furniture member with recline and tilt
18 Feb 20
A furniture member may include a base assembly, a seat assembly, a tilt mechanism, and a recliner actuator.
GRANT
Utility
Furniture member with adjustable seat depth
21 Jan 20
A furniture member may include a seat base frame, a seat bottom, and a seatback.
GRANT
Utility
Furniture member having flexible seatback
21 Jan 20
A furniture member may include a stationary seatback frame, a seat bottom assembly, a legrest mechanism, and a backrest support spring.
GRANT
Design
Dining table
7 Jan 20
Inventors: Haywood Lynn West