Latest news with #LaZBoy
CTV News
4 days ago
- Entertainment
- CTV News
Meet Move 100's Community Hero
Meet Move 100's Community Hero Move 100 and CTV are proud to introduce you to our community hero, presented by La-Z-Boy!
Yahoo
26-05-2025
- Business
- Yahoo
La-Z-Boy Incorporated's (NYSE:LZB) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
La-Z-Boy (NYSE:LZB) has had a rough three months with its share price down 8.7%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study La-Z-Boy's ROE in this article. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for La-Z-Boy is: 12% = US$126m ÷ US$1.0b (Based on the trailing twelve months to January 2025). The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.12 in profit. See our latest analysis for La-Z-Boy So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. To begin with, La-Z-Boy seems to have a respectable ROE. Even so, when compared with the average industry ROE of 15%, we aren't very excited. La-Z-Boy was still able to see a decent net income growth of 9.7% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. For instance, the company has a low payout ratio or is being managed efficiently. Bear in mind, the company does have a respectable level of ROE. It is just that the industry ROE is higher. So this also does lend some color to the fairly high earnings growth seen by the company. We then compared La-Z-Boy's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 12% in the same 5-year period, which is a bit concerning. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is LZB fairly valued? This infographic on the company's intrinsic value has everything you need to know. La-Z-Boy's three-year median payout ratio to shareholders is 24% (implying that it retains 76% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business. Besides, La-Z-Boy has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 27% of its profits over the next three years. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 13%. Overall, we feel that La-Z-Boy certainly does have some positive factors to consider. Particularly, its earnings have grown respectably as we saw earlier, which was likely achieved due to the company reinvesting most of its earnings at a decent rate of return, to grow its business. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Irish Times
21-05-2025
- Business
- Irish Times
‘La-Z-Boy' recliner requested for Leinster House office by TD to ‘enhance the workspace's comfort'
A TD asked for a 'La-Z-Boy' recliner to be supplied for his Leinster House office for 'breaks and informal meetings.' Independent Ireland TD Kenneth O'Flynn has been at loggerheads with Oireachtas management over delays in getting his office fitted out since he was elected. In an email in mid-February to facilities management, Mr O'Flynn looked for ten separate items for his parliamentary office to 'enhance the workspace's comfort and functionality.' That included a La-Z-Boy recliner as 'comfortable seating' for use during break periods and office meetings with such seats often retailing at well over €1,000. READ MORE [ Controversial €335,000 Dáil bike shed had no value-for-money assessment, report finds Opens in new window ] In response, the Oireachtas said they had no recliners in stock and that they were not 'commonly purchased'. Mr O'Flynn also sought book shelves, cabinets, and a side-table 'for holding items like lamps or personal effects near the La-Z-Boy or desk.' The Independent Ireland TD asked as well for a fan and a desk lamp but was told even these were not available as Leinster House was trying to cut its emissions and energy costs. An email said this was in line with the 'government's targets' around climate change and that if the light or temperature in the room were a problem, other options could be explored. Mr O'Flynn has had frosty relations with the Oireachtas since his appointment and in January accused them of a 'disregard for the dignity' of his office in a row over lengthy delays in the fit-out of his office after the election. In February, he was still seeking updates on when he could expect to have chairs delivered to his own office and that of his parliamentary assistant. He wrote: 'It is essential that these items are addressed promptly to facilitate our team's productivity.' Mr O'Flynn also said there had been delays in providing IT equipment and printing services saying these facilities were 'imperative for a functioning office environment.' Asked about his request for the La-Z-Boy, Mr O'Flynn said: 'Maybe I used the wrong word – there is a chair in quite a few of the offices, which looks to me like a recliner. 'I was just looking for the same furniture as they have in the other offices.' [ Skorts issue is about policing women. The fuss around Kim Kardashian's courtroom garb is not Opens in new window ] He said he was still waiting to have all the IT equipment he needed fully installed. 'We're now six months on [from the election] – I have worked in other big organisations, and my experience there would have been very different,' he said. The requests were among dozens made by TDs and Senators to Oireachtas officials in recent months. Another new TD, Sinn Féin 's Fionntán Ó Súilleabháin, also sought a recliner as well as an extremely specific paint job for his office. An email said: 'I would like the wall papered or painted in turquoise, with the little vertical strip on the left, between the two doors, in yellow.' However, a month later Mr Ó Súilleabháin wrote again to facilities management saying they should 'disregard [his] request for painting/wallpapering.' One senator contacted OPW to conduct an inspection to see what was causing the malodour. However, they were unable to detect its source and believed it might have been related to the cutting open of a radiator cover. An email to Senator Linda Nelson Murray said: 'I also asked one of the cleaning staff to visit the room to wipe all surfaces with a disinfectant – the cleaner reported a mild smell coming from the radiator area.' Other requests included full-length mirrors for the offices of Fianna Fáil 's Erin McGreehan and Jennifer Whitmore of the Social Democrats . One politician wrote to ask if he could have the old windows of his office taped over in some way because of a draft through the room and hallway. 'I already got a dreadful flu,' said an email from the office of Senator Garret Ahearn to Leinster House management. Health Minister Jennifer Carroll MacNeill asked for a 'small tabletop fridge' for her office while multiple TDs and Senators complained about bins being removed from their offices. However, they were told this was a new policy around waste disposal. An email said: 'Individual bins are no longer placed at office desks. Instead, we have segregated waste receptacles located in the corridors. 'This system has many benefits including enhanced waste segregation, reduced waste generation and improved efficiency for cleaners.' Asked about the records, a spokeswoman for the Oireachtas said they had no comment to make.
