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La-Z-Boy Incorporated (LZB) manufactures, markets, imports, distributes, and retails upholstery products, accessories, and casegoods furniture products in the United States and Canada.
The company also produces reclining chairs and manufactures/distributes residential furniture in the United States. It operates in three segments: Upholstery, Casegoods, and Retail segment. The Upholstery segment manufactures or imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. This segment sells directly to La-Z-Boy furniture galleries stores, operators of Comfort Studios locations, dealers, and other independent retailers.
The Casegoods segment imports, markets, manufactures, and distributes casegoods furniture, including bedroom sets, dining room sets, entertainment centers and occasional pieces, and upholstered furniture. This segment sells its products to dealers and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through the retail network. Its retail network comprises 313 La-Z-Boy Furniture Galleries stores and 565 Comfort Studios locations. La-Z-Boy Incorporated offers its products under the La-Z-Boy brand name.
Shares are heading higher in an "upward trading channel" and higher share prices are expected.
52-Week Trading Range: $12.60 - $22.44
Entry Point: $22.35
Stop Loss: $21.20
Target Price: $24.75
LZB fell below out stop loss. Position was closed at $20.75
