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
La-Z-Boy Incorporated (LZB) Stock Analysis
Inst Constrain edge
Consumer Cyclical · Furnishings, Fixtures & Appliances
Sell if holding. At $32.98, A.R:R 0.6:1 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: 5.7%; 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 $32.98, A.R:R 0.6:1 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: 5.7%; Concentration risk — Geographic: U.S.-manufactured upholstered units (90.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 4.9/10, high confidence.
Passes 5/8 gates (no SEC red flags, news events none recent, earnings proximity 74d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and 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.
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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 2026-09-04Recent Developments — La-Z-Boy Incorporated
Latest news
- NEWS La-Z-Boy (LZB) Following Its Quarterly Loss Looks Undervalued To Some Investors - simplywall.st — simplywall.st positive
- NEWS La-Z-Boy (LZB) Reports Strong Q4 Results and Expansion Plans - GuruFocus — GuruFocus positive
- NEWS La-Z-Boy (LZB) Stock Pops As Earnings Crush Expectations - StocksToTrade — StocksToTrade positive
- NEWS Why La-Z-Boy Stock Just Popped - The Motley Fool — The Motley Fool positive
- NEWS Why La-Z-Boy Stock Just Popped - Yahoo Finance — Yahoo Finance positive
Generated 2026-09-04T19:02:09Z.
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.
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Rating Breakdown
2 floor-breakers
Revenue shrinking — -3.4% YoY. Growth thesis broken unless recovery story develops.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $32.98, A.R:R 0.6:1 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: 5.7%; Concentration risk — Geographic: U.S.-manufactured upholstered units (90.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $30.65. Score 4.9/10, high confidence.
Take-profit target: $34.85 (+5.7% upside). Prior stop was $30.65. Stop-loss: $30.65.
Concentration risk — Geographic: U.S.-manufactured upholstered units (90.0%); Thin upside margin: 5.7%; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8).
La-Z-Boy Incorporated trades at a P/E of 16.2 (forward 11.4). TrendMatrix value score: 7.9/10. Verdict: Sell.
7 analysts cover LZB with a consensus score of 4.0/5. Average price target: $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