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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 15.612
LZB's Cash to Debt is ranked higher than
62% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 5.47 vs. LZB: 15.612 )
LZB' s 10-Year Cash to Debt Range
Min: 0.06   Max: 15.61
Current: 15.61

0.06
15.61
Equity to Asset 0.64
LZB's Equity to Asset is ranked higher than
67% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.53 vs. LZB: 0.64 )
LZB' s 10-Year Equity to Asset Range
Min: 0.34   Max: 0.64
Current: 0.64

0.34
0.64
Interest Coverage 64.2
LZB's Interest Coverage is ranked lower than
55% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 10000.00 vs. LZB: 64.2 )
LZB' s 10-Year Interest Coverage Range
Min: 2   Max: 64
Current: 64.2

2
64
F-Score: 6
Z-Score: 5.66
M-Score: -2.39
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 4.00
LZB's Operating margin (%) is ranked lower than
60% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 5.90 vs. LZB: 4.00 )
LZB' s 10-Year Operating margin (%) Range
Min: -7.7   Max: 8.4
Current: 4

-7.7
8.4
Net-margin (%) 7.1
LZB's Net-margin (%) is ranked lower than
56% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.20 vs. LZB: 7.1 )
LZB' s 10-Year Net-margin (%) Range
Min: -9.9   Max: 7.1
Current: 7.1

-9.9
7.1
ROE (%) 19.9
LZB's ROE (%) is ranked lower than
52% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 7.60 vs. LZB: 19.9 )
LZB' s 10-Year ROE (%) Range
Min: -39.7   Max: 19.9
Current: 19.9

-39.7
19.9
ROA (%) 12.8
LZB's ROA (%) is ranked higher than
55% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.00 vs. LZB: 12.8 )
LZB' s 10-Year ROA (%) Range
Min: -22   Max: 12.8
Current: 12.8

-22
12.8
ROC (Joel Greenblatt) (%) 15.80
LZB's ROC (Joel Greenblatt) (%) is ranked higher than
51% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 12.80 vs. LZB: 15.80 )
LZB' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -25.9   Max: 27.5
Current: 15.8

-25.9
27.5
Revenue Growth (%) -0.4
LZB's Revenue Growth (%) is ranked higher than
77% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.60 vs. LZB: -0.4 )
LZB' s 10-Year Revenue Growth (%) Range
Min: -10.4   Max: 9.8
Current: -0.4

-10.4
9.8
» LZB's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2012

LZB Guru Trades in Q2 2012

Jim Simons 470,400 sh (New)
John Burbank 10,689 sh (New)
Joel Greenblatt 111,773 sh (+23.6%)
Steven Cohen 23,300 sh (+4.57%)
Paul Tudor Jones Sold Out
Chuck Royce 2,102,941 sh (-3.64%)
» More
Q3 2012

LZB Guru Trades in Q3 2012

Mario Gabelli 10,000 sh (New)
Paul Tudor Jones 19,100 sh (New)
Joel Greenblatt Sold Out
John Burbank Sold Out
Chuck Royce 1,956,741 sh (-6.95%)
Steven Cohen 14,159 sh (-39.23%)
Jim Simons 138,600 sh (-70.54%)
» More
Q4 2012

LZB Guru Trades in Q4 2012

Mario Gabelli 95,000 sh (+850%)
Jim Simons Sold Out
Steven Cohen Sold Out
Chuck Royce 1,889,041 sh (-3.46%)
Paul Tudor Jones 14,400 sh (-24.61%)
» More
Q1 2013

LZB Guru Trades in Q1 2013

Steven Cohen 10,659 sh (New)
Mario Gabelli 215,000 sh (+126.32%)
Paul Tudor Jones 18,200 sh (+26.39%)
Chuck Royce 1,762,541 sh (-6.7%)
» More
» Details

Insider Trades

Latest Guru Trades with LZB

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2013-03-31 Add 126.32%0.01%$14.15 - $19.13 $ 19.3416%215000
Mario Gabelli 2012-12-31 Add 850%0.01%$13.38 - $16.96 $ 19.3427%95000
Joel Greenblatt 2012-09-30 Sold Out 0.1%$11.49 - $15.49 $ 19.3447%0
John Burbank 2012-09-30 Sold Out 0.0044%$11.49 - $15.49 $ 19.3447%0
Mario Gabelli 2012-09-30 New Buy$11.49 - $15.49 $ 19.3447%10000
Joel Greenblatt 2012-06-30 Add 23.6%0.02%$11.02 - $16.13 $ 19.3438%111773
John Burbank 2012-06-30 New Buy$11.02 - $16.13 $ 19.3438%10689
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry
vs
history
P/E(ttm) 21.60
LZB's P/E(ttm) is ranked higher than
71% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 19.00 vs. LZB: 21.60 )
LZB' s 10-Year P/E(ttm) Range
Min: 5.5   Max: 187.5
Current: 21.6

5.5
187.5
P/B 2.30
LZB's P/B is ranked lower than
57% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.50 vs. LZB: 2.30 )
LZB' s 10-Year P/B Range
Min: 0.1   Max: 2.6
Current: 2.3

0.1
2.6
P/S 0.80
LZB's P/S is ranked higher than
52% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.70 vs. LZB: 0.80 )
LZB' s 10-Year P/S Range
Min: 0.02   Max: 0.86
Current: 0.8

0.02
0.86
PFCF 30.10
LZB's PFCF is ranked higher than
51% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 16.07 vs. LZB: 30.10 )
LZB' s 10-Year PFCF Range
Min: 2.33   Max: 128.08
Current: 30.1

2.33
128.08
EV-to-EBIT 15.2
LZB's EV-to-EBIT is ranked higher than
87% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 14.19 vs. LZB: 15.2 )
LZB' s 10-Year EV-to-EBIT Range
Min: 6.5   Max: 340.7
Current: 15.2

6.5
340.7
Shiller P/E 163.7
LZB's Shiller P/E is ranked higher than
73% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 17.14 vs. LZB: 163.7 )
LZB' s 10-Year Shiller P/E Range
Min: 12.87   Max: 1561
Current: 163.7

12.87
1561

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.40
LZB's Dividend Yield is ranked lower than
58% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.92 vs. LZB: 0.40 )
LZB' s 10-Year Dividend Yield Range
Min: 0.19   Max: 23.33
Current: 0.4

0.19
23.33
Dividend growth (3y) -100
LZB's Dividend growth (3y) is ranked higher than
85% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: -7.40 vs. LZB: -100 )
LZB' s 10-Year Dividend growth (3y) Range
Min: -100   Max: 5.7
Current: -100

-100
5.7
Yield on cost (5-Year) 0.40
LZB's Yield on cost (5-Year) is ranked lower than
59% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.98 vs. LZB: 0.40 )
LZB' s 10-Year Yield on cost (5-Year) Range
Min: 0.19   Max: 23.33
Current: 0.4

0.19
23.33
Share Buyback Rate -0.5
LZB's Share Buyback Rate is ranked higher than
81% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: -0.50 vs. LZB: -0.5 )
LZB' s 10-Year Share Buyback Rate Range
Min: 3.9   Max: -3.6
Current: -0.5

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 5.1
LZB's Price/Net Current Asset Value is ranked higher than
78% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.35 vs. LZB: 5.1 )
LZB' s 10-Year Price/Net Current Asset Value Range
Min: 0.8   Max: 4.8
Current: 5.1

0.8
4.8
Price/Tangible Book 2.3
LZB's Price/Tangible Book is ranked higher than
76% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.90 vs. LZB: 2.3 )
LZB' s 10-Year Price/Tangible Book Range
Min: 0.5   Max: 3.8
Current: 2.3

0.5
3.8
Price/DCF (Projected) 1.4
LZB's Price/DCF (Projected) is ranked higher than
88% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.00 vs. LZB: 1.4 )
LZB' s 10-Year Price/DCF (Projected) Range
Min: 0.2   Max: 1.1
Current: 1.4

0.2
1.1
Price/Median PS Value 1.9
LZB's Price/Median PS Value is ranked higher than
96% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.80 vs. LZB: 1.9 )
LZB' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 2
Current: 1.9

0.3
2
Price/Graham Number 1
LZB's Price/Graham Number is ranked higher than
87% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.20 vs. LZB: 1 )
LZB' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 7.2
Current: 1

0.8
7.2
Earnings Yield (Greenblatt) 6.60
LZB's Earnings Yield (Greenblatt) is ranked higher than
90% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 7.60 vs. LZB: 6.60 )
LZB' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 15.4
Current: 6.6

0.3
15.4
Forward Rate of Return (Yacktman) 3.63
LZB's Forward Rate of Return (Yacktman) is ranked higher than
75% of the 354 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 5.83 vs. LZB: 3.63 )
LZB' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15   Max: 11.9
Current: 3.63

-15
11.9

Business Description

La-Z-Boy Incorporated was incorporated in 1941 as La-Z-Boy Chair Company in the state of Michigan, and in 1996 the name was changed to La-Z-Boy Incorporated. The company manufactures, markets, imports, distributes and retails upholstery products, accessories and casegoods (wood) furniture products. The company sells its products, primarily in the United States and Canada, to furniture retailers and directly to consumers through company-owned stores. The centerpiece of its retail distribution strategy is its network of 312 La-Z-Boy Furniture Galleries stores and 553 Comfort Studios, each dedicated to marketing its La-Z-Boy branded products. It own and operate 85 of the La-Z-Boy Furniture Galleries stores. The remainder of the La-Z-Boy Furniture Galleries stores, as well as all 553 Comfort Studios, are independently owned and operated. La-Z-Boy Furniture Galleries stores help consumers furnish their homes by combining the style, comfort and quality of La-Z-Boy furniture with its in-home design service. Its reportable segments are the Upholstery segment, the Casegoods segment and the Retail segment. The Upholstery segment manufactures or imports upholstered furniture such as recliners and motion furniture, sofas, loveseats, chairs, ottomans and sleeper sofas. The Upholstery segment sells directly to La-Z-Boy Furniture Galleries stores, operators of Comfort Studios, major dealers and other independent retailers. The Upholstery segment manufactures or imports upholstered furniture such as recliners and motion furniture, sofas, loveseats, chairs, ottomans and sleeper sofas. The Upholstery segment sells directly to La-Z-Boy Furniture Galleries stores, operators of Comfort Studios, major dealers and other independent retailers. Its Retail segment consists of 85 company-owned La-Z-Boy Furniture Galleries stores located in nine markets ranging from the Midwest to the east coast of the United States and also including southeastern Florida and southern California. The Retail segment primarily sells upholstered furniture, as well as some casegoods and other accessories, to end consumers through the retail network. Its customers are furniture retailers primarily located throughout the United States and Canada. Additionally, the company sells to a number of furniture retailers outside of North America. It also sells to consumers through its company-owned La-Z-Boy Furniture Galleries stores. As of April 28, 2012, its network included 312 La-Z-Boy Furniture Galleries stores and 553 Comfort Studios, each dedicated to marketing its La-Z-Boy branded products. The company own 85 stand-alone La-Z-Boy Furniture Galleries stores. The remainder of the La-Z-Boy Furniture Galleries stores, as well as all 553 Comfort Studios, are independently owned and operated. Comfort Studios are defined spaces within larger independent retailers that are dedicated to displaying La-Z-Boy branded products. In addition to the La-Z-Boy Comfort Studios, it's Kincaid, England
Company Website
SEC Reports
Industry: Home Furnishings & Fixtures
Compare:LEG, BLT, ELUXY, MHK, SNHFY

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