La-Z-Boy sits at the analyst price target with earnings reporting today, leaving no measurable upside and a binary event risk that makes initiating or adding to a position unattractive despite a constructive technical setup and reasonable valuation.
Thesis pillars
- Price At Analyst Target↑Improving
- Earnings Binary Event Today→Stable
- Solid Cash Conversion Piotroski→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Jun 16, 2026· older than 90 days
La-Z-Boy Incorporated (LZB) Stock Analysis
Recovery setup · Catalyst-Driven edge
Consumer Cyclical · Furnishings, Fixtures & Appliances
Sell if holding. At $33.06, A.R:R 0.4:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 5.4%; Concentration risk — Geographic: U.S.-manufactured upholstered units (90.0%).
La-Z-Boy is the leading global producer of reclining chairs and one of the largest U.S. residential furniture manufacturers, selling upholstered furniture and casegoods under the La-Z-Boy, England, and Joybird tradenames. The company operates through Retail (378 La-Z-Boy Stores,... Read more
Sell if holding. At $33.06, A.R:R 0.4:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 5.4%; Concentration risk — Geographic: U.S.-manufactured upholstered units (90.0%). Chart setup: Death cross but MACD improving, RSI 64. Score 5.1/10, high confidence.
Passes 5/8 gates (positive momentum, clean insider activity, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About La-Z-Boy Incorporated
About La-Z-Boy Incorporated
La-Z-Boy manufactures and retails upholstered furniture and casegoods under the La-Z-Boy, England, and Joybird brands, anchored by a network of 378 La-Z-Boy Stores (230 company-owned), over 500 Comfort Studio locations, and nearly 900 branded-space locations across North America. The company disposed of its Kincaid and American Drew wholesale casegoods businesses in fiscal 2026 and 2027 to focus on its core upholstery operations, and approximately 90% of upholstered units sold in North America were manufactured domestically in fiscal 2026.
La-Z-Boy's Retail segment sells directly to consumers through company-owned stores, while its Wholesale segment manufactures and sells to independently owned La-Z-Boy Stores, Comfort Studio and branded-space locations, and other dealers, with approximately 60% of fiscal 2026 Wholesale segment sales flowing through this proprietary dealer network. Manufacturing inputs include polyurethane foam sourced mostly from three suppliers and cover fabric and leather from a limited number of major suppliers across China, Brazil, Vietnam, and the United States, while Vietnam alone supplied over 90% of the company's smaller imported-finished-goods category (itself about 5% of consolidated sales) through five major suppliers. Wholesale backlog fell to $74.9 million as of April 25, 2026 from $119.5 million a year earlier, reflecting softer consumer demand, and the company is eligible for a refund of certain tariffs following a February 2026 U.S. Supreme Court ruling invalidating IEEPA-based duties, though the amount and timing remain uncertain.
Show full overview
La-Z-Boy's tariff mitigation strategy - manufacturing roughly 90% of North American upholstered units domestically - shields the bulk of its business from import duties, but that protection does not extend to its smaller, higher-margin casegoods import book, where over 90% of finished-goods purchases came from Vietnam through just five major suppliers in fiscal 2026, and rising tariffs and ocean freight costs already pushed those import prices higher during the year. The upholstery supply chain carries its own concentration: most polyurethane foam comes from three suppliers, and cover fabric and leather depend on a limited number of major vendors, so a disruption at any one of these suppliers could still interrupt production even though the tariff exposure on that production is comparatively low.
See also: Consumer Cyclical · Furnishings, Fixtures & Appliances
From La-Z-Boy Incorporated's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated Nov 3, 2026Recent Developments — La-Z-Boy Incorporated
Latest news
- NEWS La-Z-Boy Incorporated Announces Timing of Fiscal 2027 Second Quarter Earnings Release and Conference Call — fiscal.ai Nov 3, 2026 neutral
- NEWS Synchrony Renews Partnership with La-Z-Boy — fiscal.ai Oct 21, 2026 positive
- NEWS La-Z-Boy (LZB) Following Its Quarterly Loss Looks Undervalued To Some Investors - simplywall.st — simplywall.st Aug 19, 2026 positive
- NEWS Is La-Z-Boy Inc (LZB) Worth the Price After Q1 Earnings Miss? GF - GuruFocus — GuruFocus Aug 18, 2026 negative
- NEWS La-Z-Boy (LZB) Misses Q1 Earnings and Revenue Estimates - Yahoo Finance — Yahoo Finance Aug 18, 2026 negative
Latest item Nov 3, 2026 · Generated 2026-11-05T11:59:10Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicU.S.-manufactured upholstered units90%10-K Item 1: 'approximately 90% of the upholstered units sold in North America were produced in the United States'
- MEDIUMSupplierpolyurethane foam suppliers (top-3)10-K Item 1: 'We purchase most of our polyurethane foam from three suppliers, which have several facilities across the United States'
- MEDIUMSuppliercover fabric/leather suppliers10-K Item 1: 'We purchase cover from a variety of sources, but we rely on a limited number of major suppliers.'
- MEDIUMSupplierVietnam-sourced imported finished goods10-K Item 1: 'In fiscal 2026, we purchased over 90% of this imported product from Vietnam, with the vast majority coming from five major suppliers.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers
Revenue shrinking — -3.4% YoY. Growth thesis broken unless recovery story develops.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $33.06, A.R:R 0.4:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 5.4%; Concentration risk — Geographic: U.S.-manufactured upholstered units (90.0%). Chart setup: Death cross but MACD improving, RSI 64. Prior stop was $31.08. Score 5.1/10, high confidence.
Analyst target: $34.85 (+5.4% upside). Prior stop was $31.08. Stop-loss: $31.08.
Concentration risk — Geographic: U.S.-manufactured upholstered units (90.0%); Thin upside margin: 5.4%; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8).
La-Z-Boy Incorporated trades at a P/E of 16.7 (forward 11.8). TrendMatrix value score: 8.0/10. Verdict: Sell.
7 analysts rate LZB, with a consensus score of 4.0/5. 2 analysts publish price targets averaging $41.
What does La-Z-Boy Incorporated do?La-Z-Boy is the leading global producer of reclining chairs and one of the largest U.S. residential furniture...
La-Z-Boy is the leading global producer of reclining chairs and one of the largest U.S. residential furniture manufacturers, selling upholstered furniture and casegoods under the La-Z-Boy, England, and Joybird tradenames. The company operates through Retail (378 La-Z-Boy Stores, 230 company-owned) and Wholesale segments, manufacturing approximately 90% of its North American upholstered units domestically to limit tariff exposure. La-Z-Boy sources key inputs like polyurethane foam and cover fabric/leather from a limited number of major suppliers, and Vietnam supplied over 90% of its imported fi