LZB
La-Z-Boy Incorporated
LZB's fundamentals are mixed, but it looks expensive: trading at 17x earnings, above its usual 14x. Analysts expect earnings growth.
LZB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Strong |
LZB's balance sheet is currently strong, and its revenue, profitability and cash flow are stable.
LZB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.8x | $17.26 | -47% |
| Forward | 12x | $32.53 | — |
| Fair | 14x | $28.41 | -13% |
| Current | 17x | $32.53 | — |
| Expensive | 18x | $36.00 | +11% |
Historical ranges are pointers, not guarantees.
LZB's PE is in its expensive range at 17x. If earnings grow as analysts expect, today's price would be 12x next year's earnings, in its cheap range.
LZB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect LZB's earnings to grow and its profitability to improve, with its revenue holding steady.
LZB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.61 | +32% |
| Q3 2026 | $1.97 | -9.6% |
| Q2 2026 | $2.47 | +5.1% |
| Q1 2026 | $2.01 | -31% |
| Q4 2025 | $2.17 | -25% |
| Q3 2025 | $2.18 | -22% |
| Q2 2025 | $2.35 | -17% |
| Q1 2025 | $2.91 | +7.8% |
| Q4 2024 | $2.89 | +4% |
LZB's earnings per share have fallen from their peak: $1.97 over the past year, against $4.01 in early 2023.
LZB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $475.7M | -3.4% |
| Q2 2026 | $570.3M | -0.1% |
| Q1 2026 | $541.6M | +3.8% |
| Q4 2025 | $522.5M | +0.3% |
| Q3 2025 | $492.2M | -0.7% |
| Q2 2025 | $570.9M | +3.1% |
| Q1 2025 | $521.8M | +4.3% |
| Q4 2024 | $521M | +1.9% |
LZB's revenue fell from its 2022 peak and has held roughly level since: $476M last quarter, down 3.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.4% | -4.9 points |
| Q2 2026 | 7.2% | +2.1 points |
| Q1 2026 | 5.5% | -1.2 points |
| Q4 2025 | 6.9% | -0.5 points |
| Q3 2025 | 4.5% | -2.1 points |
| Q2 2025 | 5.2% | -3.9 points |
| Q1 2025 | 6.7% | +0.2 points |
| Q4 2024 | 7.4% | +0.9 points |
LZB's operating margin was −0.4% last quarter, down 4.9 points from the same quarter a year ago, near the bottom of its range since 2019.
LZB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$7.6M | -143% |
| Q2 2026 | $8.8M | -77% |
| Q1 2026 | $71.6M | +87% |
| Q4 2025 | $29.6M | +$30.8M |
| Q3 2025 | $17.8M | -51% |
| Q2 2025 | $39.3M | +5.4% |
| Q1 2025 | $38.2M | +3.5% |
| Q4 2024 | -$1.2M | -107% |
LZB usually generates cash, though not every quarter: the latest was −$8M, but it generated $102M over the past year.
LZB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.3% | -1.3M shares |
| 1 year | -3.5% | -1.4M shares |
| 3 years | -7.7% | -3.3M shares |
| 5 years | -12% | -5.4M shares |
| Available history | -15% | -6.9M shares |
LZB has 40M diluted shares, down 3.5% from a year ago, with $60M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $25.1M |
| Q2 2026 | $20.2M |
| Q1 2026 | $13.7M |
| Q4 2025 | $809,000 |
| Q3 2025 | $12.5M |
| Q2 2025 | $13.5M |
| Q1 2025 | $11.2M |
| Q4 2024 | $19.5M |
LZB spent $60M buying back its own shares over the past year, up 5.5% from the year before.
LZB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.7x | Net Cash |
| Q2 2026 | -1.7x | Net Cash |
| Q1 2026 | -1.9x | Net Cash |
| Q4 2025 | -2.0x | Net Cash |
| Q3 2025 | -1.9x | Net Cash |
| Q2 2025 | -1.8x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.5x | Net Cash |
LZB has more cash than debt.
LZB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.9 | Neutral |
| Stochastic | 22.6 | Neutral |
LZB's weekly RSI is 46 (neutral) and its Stochastic is 23 (neutral).
LZB PE vs Consumer Cyclical Sector
| Metric | LZB | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 8.4% below |
| PE % | 71 | 47 | 24 pts above |
LZB is trading at 17x earnings, in line with the Consumer Cyclical sector's median of 18x.
LZB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.5 | 6.8% above |
| 20 week MA | $34.3 | 5.1% below |
| 50 week MA | $35.7 | 8.9% below |
| 100 week MA | $37.3 | 13% below |
| 200 week MA | $35.9 | 9.3% below |
LZB has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 9.3% below its 200-week average.
LZB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.5 | $41.2 | +31% |
| 2021 | $41.2 | $36.1 | -12% |
| 2022 | $36.1 | $23.5 | -35% |
| 2023 | $23.5 | $36.9 | +57% |
| 2024 | $36.9 | $43.3 | +17% |
| 2025 | $43.3 | $37.8 | -13% |
| 2026 YTD | $37.8 | $32.5 | -14% |
LZB has finished lower in three of the last six years. It's down 14% so far in 2026.