How to Buy La Z Boy Stock
La Z Boy Inc
La Z Boy is a furnishings fixture & appliance company located in Michigan, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker LZB on the NYSE exchange.
La Z Boy stock last closed at $33.11, down 0.12% from the previous day, and has increased 19.57% in one year. It has overperformed other stocks in the Furnishings Fixtures & Appliances industry by 0.17 percentage points. La Z Boy stock is currently +31.81% from its 52-week low of $25.12, and -16.96% from its 52-week high of $39.87.
There are currently 42.64M shares of LZB outstanding. The market value of LZB is $1.41B. In the last 24 hours, 200,783 LZB shares were traded.
How to Buy La Z Boy Stock
Wondering how to invest in La Z Boy stock? Here's how.
- Choose where to buy La Z Boy stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy La Z Boy stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your payment method and add your details.
- Evaluate La Z Boy stock: The La Z Boy ticker symbol is LZB. Is La Z Boy stock a good investment? Should you buy shares of LZB? How do LZB's underlying business fundamentals look? Do top analysts think La Z Boy is a good buy? Why has LZB's stock price moved recently? (Hint: Our stock research tools can help you decide if LZB is a good stock to buy).
- Place your LZB purchase: Decide if you will purchase LZB shares at the current market price or use a limit order to purchase LZB shares at a given price.
- Get notifications regarding your LZB investment: Create a watchlist to track your investment in La Z Boy shares.
Step 1: Choose where to buy La Z Boy stock
You will need an online brokerage account in order to access the NYSE market and buy LZB stock.
Our favorite brokerage: eToro
We believe that eToro is the best stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to world financial markets: From Tech to Real Estate, New York to Shanghai — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal information so you can invest in LZB today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on the best stock app for beginners, your next step is to transfer the money for your investment:
Check out the video below to see the process of transferring money into your new brokerage account.
Step 4: Evaluate La Z Boy stock
Once you have chosen the best place to buy La Z Boy stock, it's crucial to research their stock prior to buying, so you actually wrap your head around the risk and opportunity.
La Z Boy shares data
La Z Boy Fundamentals
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on LZB's stock page.
Is LZB stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge LZB's true value.
Using relative valuations methods:
- LZB could be undervalued based on its P/E ratio of 12.13x, relative to Furnishings Fixtures & Appliances industry P/E ratio of 15.86x
- LZB may be undervalued based on its P/B ratio of 1.44x, relative to Furnishings Fixtures & Appliances industry P/B ratio of 2.16x
- LZB may be overvalued based on its PEG ratio of 1.17x
You can access additional valuation research on LZB's stock here.
LZB Financial Overview
Positive Financial Indicators:
- LZB earnings of $156.85M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the LZB balance sheet.
- LZB's operating cash flow of $183.47M allows it to safely service it's debt of $495.75M.
- There are more short-term assets than long-term liabilities on the LZB balance sheet.
Negative Financial Indicators:
- Total LZB debt is higher than 5 years ago, relative to shareholder equity.
- LZB has a relatively high debt to equity ratio of 0.95.
- LZB profit margin has gone down from 7% to 5.7% in the past year.
You can dig deeper into what analysts are saying on the La Z Boy stock forecast page.
LZB Trading Indicators
Is LZB Growing Revenue?
Last year, LZB earnings were $117.69M. Over the past 5 year, LZB's earnings have gone up by 4.89% per year. This was faster than the Furnishings Fixtures & Appliances industry average of -9.41%.
Last year, LZB revenue was $2.05B. During the last five year, LZB's revenue has gone up by 3.72% per year. This was slower than the Furnishings Fixtures & Appliances industry average of 20.17%.
Find out more about LZB's earnings and revenue performance here.
Latest Insiders Trades at LZB
Over the past year, executives and large shareholders at LZB have sold more shares than they have bought.
Michael Adam Leggett, Sr VP Chief Supply Chain Off of LZB, was the latest LZB insider to sell. They sold $114,089.01 worth of LZB shares on Mar 21, 2024.
Learn more about who owns LZB shares here.
Can I get consistent income from LZB stock?
La Z Boy pays a dividend of 2.3%, compared to the Furnishings Fixtures & Appliances industry's average dividend yield of 3.9%. If you owned $1,000 of LZB stock, you would have been paid $23.04 in the past 12 months.
La Z Boy dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about La Z Boy dividend yield and history here.
LZB Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your LZB purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you need more help with buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your LZB investment
Now that you own some shares in LZB, you'll want to stay up-to-date on your new stock purchase.
Make a watchlist to get notified of important updates regarding your LZB stock.
LZB Feed
How to Buy Stock in La Z Boy
To summarize, here are the 6 steps you need to take to buy La Z Boy stock right now:
- Choose where to buy La Z Boy stock
- Create a brokerage account
- Deposit money your brokerage account
- Evaluate La Z Boy stock
- Place your LZB purchase
- Get notifications regarding your LZB investment
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in La Z Boy, create your watchlist below.
Other Articles You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.