Company profile

Ticker
LZB
Exchange
CEO
Kurt L. Darrow
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
La Z Boy Chair Co, La-z-boy Incorp
SEC CIK
IRS number
380751137

LZB stock data

(
)

Calendar

23 Jun 20
3 Jul 20
25 Apr 21

News

Company financial data Financial data

Quarter (USD) Apr 20 Jan 20 Oct 19 Jul 19
Revenue 367.28M 475.86M 447.21M 413.63M
Net income 3.38M 34.72M 22.9M 17.99M
Diluted EPS 0.06 0.74 0.48 0.38
Net profit margin 0.92% 7.30% 5.12% 4.35%
Operating income 13.43M 52.31M 29.6M 23.42M
Net change in cash 95.28M 48.7M 5.95M -18.2M
Cash on hand 261.55M 166.27M 117.57M 111.62M
Cost of revenue 195.58M 276.22M 264.82M 245.92M
Annual (USD) Apr 20 Apr 19 Apr 18 Apr 17
Revenue 1.7B 1.75B 1.58B 1.52B
Net income 78.98M 70.14M 81.6M 86.98M
Diluted EPS 1.66 1.44 1.67 1.73
Net profit margin 4.64% 4.02% 5.15% 5.72%
Operating income 118.76M 129.67M 129.37M 133.34M
Net change in cash 131.73M -4.7M -7.35M 29.5M
Cash on hand 261.55M 129.82M 134.52M 141.86M
Cost of revenue 982.54M 1.04B 961.2M 910.76M

Financial data from La-Z-Boy earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
22 Jun 20 Edwards Darrell Dewain Common Shares Payment of exercise Dispose F 2754 414 1.14M 44,121
22 Jun 20 Barnes Lindsay A Common Shares Grant Aquire A 0 1,482 0 9,732
22 Jun 20 Barnes Lindsay A Common Shares Grant Aquire A 0 247 0 7,246
22 Jun 20 Barnes Lindsay A Common Shares Payment of exercise Dispose F 27.54 134 3.69K 6,999
22 Jun 20 Barnes Lindsay A Common Shares Grant Aquire A 0 483 0 7,133
22 Jun 20 Barnes Lindsay A Common Shares Payment of exercise Dispose F 27.54 83 2.29K 6,650
22 Jun 20 Barnes Lindsay A Common Shares Grant Aquire A 0 297 0 6,733
22 Jun 20 Barnes Lindsay A Common Shares Payment of exercise Dispose F 27.54 159 4.38K 6,436
22 Jun 20 Barnes Lindsay A Common Shares Payment of exercise Dispose F 27.54 128 3.53K 6,595
22 Jun 20 Barnes Lindsay A Stock Options Common Shares Grant Aquire A 27.54 4,057 111.73K 4,057
89.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 200 209 -4.3%
Opened positions 27 38 -28.9%
Closed positions 36 36
Increased positions 82 73 +12.3%
Reduced positions 64 68 -5.9%
13F shares
Current Prev Q Change
Total value 2.88B 3.38B -14.8%
Total shares 41.28M 42.89M -3.8%
Total puts 16.6K 30.2K -45.0%
Total calls 15.7K 55.9K -71.9%
Total put/call ratio 1.1 0.5 +95.7%
Largest owners
Shares Value Change
BLK BlackRock 6.92M $142.3M -1.7%
Vanguard 4.98M $102.24M +1.6%
Wellington Management 4.18M $85.88M -1.6%
Dimensional Fund Advisors 2.94M $60.47M -1.7%
SAMG Silvercrest Asset Management 2.7M $55.45M +11.8%
STT State Street 1.48M $30.5M +6.3%
NTRS Northern Trust 1.26M $25.95M -0.5%
Nuveen Asset Management 1.2M $24.68M -2.6%
LSV Asset Management 873.37K $17.95M +51.8%
Geode Capital Management 732.05K $15.04M +6.3%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.05M EXIT
Boston Partners 0 -402.19K EXIT
MNGPF Man 82.24K -361.53K -81.5%
LSV Asset Management 873.37K +298K +51.8%
SAMG Silvercrest Asset Management 2.7M +284.01K +11.8%
Arrowstreet Capital, Limited Partnership 0 -253.52K EXIT
Panagora Asset Management 260.8K -201.78K -43.6%
Tributary Capital Management 596.25K +181.73K +43.8%
Royce & Associates 349.92K -179.72K -33.9%
GS The Goldman Sachs Group, Inc. 306.73K +151.51K +97.6%

Financial report summary

?
Competition
Fbi Wind Down
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
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