Principal Financial Group Decreases Stake in La-Z-Boy Incorporated by 2.8%

🌥️Trending News

LA-Z-BOY ($NYSE:LZB): La-Z-Boy Incorporated is a leading furniture retailer that manufactures and distributes upholstered furniture, furniture frames, recliners, and other home furnishings. It is listed on the New York Stock Exchange under the ticker symbol LZB. According to the most recent filing with the Securities and Exchange Commission, Principal Financial Group Inc. had reduced its ownership in La-Z-Boy Incorporated by 2.8% during the fourth quarter. This shows a decrease in the Principal’s stake in the company.

However, even after this decline, Principal Financial Group Inc. is still the largest institutional investor in La-Z-Boy Incorporated with more than five million shares. Investors are closely watching La-Z-Boy Incorporated’s financials as the company is said to be considering a financial restructuring and potential sale of its international business operations. It remains to be seen what impact this will have on Principal Financial Group Inc.’s investment in the company, but given its large stake, any changes in ownership could have significant implications for La-Z-Boy Incorporated’s stock price.

Analysis

At GoodWhale, we recently conducted an analysis of LA-Z-BOY INCORPORATED‘s financials. Our analysis led to a Risk Rating of Medium, which indicates that the company is a medium risk investment in terms of financial and business aspects. However, GoodWhale has detected one risk warning in the income sheet for LA-Z-BOY INCORPORATED. For more details, I encourage you to register on goodwhale.com and look into our assessment. Our Risk Rating system is designed to provide users with an accurate and comprehensive analysis of a company’s financials so that they can make informed investment decisions. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for La-z-boy Incorporated. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for La-z-boy Incorporated. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for La-z-boy Incorporated. More…

Key Ratios Snapshot

Some of the financial key ratios for La-z-boy Incorporated are shown below. 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

Investors in La-Z-Boy Incorporated (LZB) have been closely following the company’s performance in recent times. Meanwhile, analysts have noted that the company’s stock performance has been strong, with the stock price nearly doubling over the past year. Moving forward, investors will be watching to see how strategic initiatives, such as new product introductions, affect the company’s financials going forward. Additionally, LZB’s balance sheet will be under scrutiny as investors look for further signs of growth.