Versor Investments LP acquired a new stake in shares of La-Z-Boy Incorporated (NYSE:LZB) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,861 shares of the company’s stock, valued at approximately $200,000.
How far off is La-Z-Boy Incorporated (NYSE:LZB) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by estimating the company’s future cash flows and discounting them to their present value. This will be done using the Discounted Cash Flow (DCF) model. Before you think you won’t be able to understand it, just read on! It’s actually much less complex than you’d imagine.
We generally believe that a company’s value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.
MONROE, Mich., Dec. 08, 2022 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced the planned retirement of Otis Sawyer, President, La-Z-Boy Portfolio Brands. Tj Linz, President, La-Z-Boy Retail, will assume Sawyer’s responsibilities at the end of April 2023, the start of the company’s fiscal 2024 year. Sawyer will remain with the company through June 2023 to ensure a seamless transition.
MONROE, Mich. — La-Z-Boy Inc. announced the planned retirement of Otis Sawyer, president of La-Z-Boy Portfolio Brands. T.J. Linz, president of La-Z-Boy Retail, will assume Sawyer’s responsibilities at the end of April 2023, the start of the company’s fiscal 2024 year. Sawyer will remain with the company through June 2023 to ensure a seamless transition.
La-Z-Boy Incorporated (NYSE:LZB) Q2 2023 Earnings Call Transcript December 1, 2022
La-Z-Boy Incorporated beats earnings expectations. Reported EPS is $1.05, expectations were $0.85.
CHARLOTTE, N.C. — Tipperary Sales, a La-Z-Boy home furnishings dealer, appointed Heather Morin as the company’s CFO.
“The Tipperary CFO role is a high-level strategic partnership serving with the CEO and leadership team to further the mission of the company,” said Martha Brown, CEO of Tipperary Sales. “In this role, Ms. Morin will manage financial elements of the company while also collaborating with key executives on initiatives that better support business operations and growth for the next iteration of company success.”
Morin, a CPA, brings more than 20 years of public accounting and consulting expertise to Tipperary. Most recently with the accounting firm, Cherry Bekaert, Morin is a graduate of Augusta University with an MBA and a Bachelor of Business in Accounting. Morin will remain in Augusta, working from the company’s business services office.
On Aug. 11, leadership from the project and development teams, La-Z-Boy Midwest and corporate gathered at the 550,000 sq. ft. Neosho campus for the official groundbreaking of massive improvements to the facility.
About a year and a half ago, La-Z-Boy, the Michigan based furniture company that has been in Neosho since 1969, announced the closures of all U.S. manufacturing facilities while furloughing 6,800 employees total, or 70 percent of its global workforce.
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