IFP Advisors Increases Stake in La-Z-Boy Incorporated
December 29, 2023
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LA-Z-BOY ($NYSE:LZB): IFP Advisors Inc. recently announced that it has increased its stake in La-Z-Boy Incorporated, a leading furniture manufacturer and retailer. The company’s products are sold through a variety of channels including department stores, furniture stores, off-price retailers, specialty stores, interior design firms and catalogs. La-Z-Boy Incorporated is publicly traded on the New York Stock Exchange under the ticker symbol “LZB”.
The recent increase of IFP Advisors Inc.’s stake in La-Z-Boy Incorporated indicates a positive outlook for the company’s future. The firm’s decision to invest more in La-Z-Boy Incorporated is a testament to the success of the company and its long-standing reputation as a leader in the furniture industry.
Market Price
The stock opened at $37.6 and closed at $37.4, down 1.0% from the prior closing price of $37.7. This marks an increase in ownership of IFP’s stake in the company, which is a prominent furniture retailer. The company also operates a larger portfolio of home furnishings across the United States and Canada. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for La-z-boy Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 2.13k | 120.78 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for La-z-boy Incorporated. More…
| Operations | Investing | Financing |
| 231.09 | -51.29 | -55.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for La-z-boy Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.88k | 906.24 | 22.4 |
Key Ratios Snapshot
Some of the financial key ratios for La-z-boy Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.2% | 4.4% | 7.8% |
| FCF Margin | ROE | ROA |
| 8.3% | 10.8% | 5.5% |
Analysis
As an investor, GoodWhale has performed a thorough analysis of the fundamentals of LA-Z-BOY INCORPORATED. After reviewing the star chart, we have classified the company as a “rhino”, which involves moderate revenue or earnings growth. GoodWhale believes that this type of company would be of interest to investors who are looking for a steady rate of return. We are particularly pleased to note that LA-Z-BOY INCORPORATED has achieved a high health score of 9/10 with regard to its cashflows and debt, enabling it to sustain future operations even in times of financial crisis. Furthermore, our analysis has revealed that LA-Z-BOY INCORPORATED is strong in terms of both asset and profitability, and is medium-level in terms of growth. However, the company is weak in dividend payouts. More…
Peers
La-Z-Boy Inc is one of the world’s leading furniture manufacturers. The company designs, manufactures, markets and distributes upholstered furniture, including recliners, sofas, chairs, ottomans and stationary furniture. La-Z-Boy has a network of over 400 company-owned and operated retail stores, as well as international licensees and dealers in over 100 countries. Koda Ltd is a publicly traded company on the Tel Aviv Stock Exchange. The company is engaged in the development, manufacture, marketing and sale of office furniture, including chairs, desks, conference tables, cabinets, bookcases and ergonomic accessories. Koda has a network of over 60 retail stores in Israel. Flexsteel Industries Inc is one of the largest publicly traded furniture manufacturers in the United States. The company designs, manufactures, markets and distributes upholstered and metal furniture, including sofas, loveseats, chairs, recliners, ottomans, sleepers and office furniture. Flexsteel has a network of over 30 company-owned and operated retail stores, as well as international licensees and dealers in over 70 countries. East Coast Furnitech PCL is one of the largest furniture manufacturers in Thailand. The company designs, manufactures, markets and distributes upholstered furniture, including sofas, chairs, recliners, ottomans and office furniture. East Coast Furnitech has a network of over 60 company-owned and operated retail stores in Thailand.
– Koda Ltd ($SGX:BJZ)
Koda Ltd. engages in the manufacture and sale of electric vehicles. The company operates through the following segments: Electric Vehicles, Energy Storage, and Others. It offers battery electric vehicles, electric two-wheelers, and electric four-wheelers. The company was founded by Pallav Somany and Praveen Somany on May 11, 2010 and is headquartered in Gurgaon, India.
– Flexsteel Industries Inc ($NASDAQ:FLXS)
Flexsteel Industries, Inc. manufactures and sells engineered wood products and related flooring systems in the United States. It operates through three segments: Wood Products, Flooring Systems, and International. The Wood Products segment offers wood products, including lumber, engineered lumber, structural panels, and other wood products. The Flooring Systems segment provides flooring products and systems, including laminate, luxury vinyl, and solid wood floors. The International segment offers products and systems in Europe and Asia. Flexsteel Industries, Inc. was founded in 1896 and is headquartered in Dubuque, Iowa.
– East Coast Furnitech PCL ($SET:ECF)
East Coast Furnitech Public Company Limited is a Thailand-based company engaged in the manufacture and distribution of office furniture. The Company offers a range of products, including office tables, office chairs, executive chairs, conference chairs, workstations, filing cabinets, metal cabinets and mobile pedestals. It also provides interior design and space planning services. The Company operates its business through domestic market and overseas markets.
Summary
IFP Advisors Inc. has recently increased its stake in La-Z-Boy Incorporated. This investment decision was based on an analysis of the furniture manufacturer’s financial standing and growth prospects. La-Z-Boy Incorporated is a publicly traded company with a strong balance sheet, including a long history of dividend payments.
Additionally, the company has seen consistent growth over the years, with revenue increasing steadily quarter after quarter. Its outlook for the future is also positive, as it is well-positioned to benefit from industry trends such as the continuing shift towards online shopping and home furnishings. IFP Advisors Inc.’s decision to increase its stake in La-Z-Boy Incorporated indicates that it believes the company has a bright future ahead and presents an attractive investment opportunity.
