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LZB - La-Z-Boy Incorporated: Optimism Amidst The Housing Shortage Crisis
La-Z-Boy Incorporated
2024-04-29 18:34:26 ET
Summary
LZB is focusing on gaining market share and strengthening operating margins amidst a weak furniture industry outlook.
FY22 saw significant revenue growth and an increase in orders due to pent-up demand post-pandemic.
LZB is preparing for the normalization of the furniture industry, anticipating a return to demand driven by favorable demographics and potential interest rate easing.
My relative valuation has brought me to a target share price of $36.98 with a 12% upside potential.