La-Z-Boy Incorporated (LZB)
La-Z-Boy Incorporated is a leading manufacturer and retailer of upholstered furniture, known for its innovative designs and quality craftsmanship. Headquartered in Monroe, Michigan, the company operates across the United States, Canada, and internationally, offering a diverse range of products that include sofas, chairs, and home décor accessories. With a strong brand presence and a commitment to sustainability, La-Z-Boy is well-positioned to capture market share in the growing home furnishings sector while meeting evolving consumer preferences.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 27.50% per annum.
- LZB price at the close of November 4, 2025 was $31.60 and was lower than the bottom border of the primary price channel by $12.63 (28.56%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.12% per annum.
- LZB price at the close of November 4, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of LZB price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 23, 2022
End date: March 11, 2025
a = 2.7254
b = 0.0007
s = 0.0753
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0753) – 1
= 35.13%
March 23, 2022 calculations
Top border of price channel:
Exp(Y346)
= Exp(a + b × X346 + 2 × s)
= Exp(a + b × 503 + 2 × s)
= Exp(2.7254 + 0.0007 × 503 + 2 × 0.0753)
= Exp(3.2107)
= $24.80
Bottom border of price channel:
Exp(Y346)
= Exp(a + b × X346 – 2 × s)
= Exp(a + b × 503 – 2 × s)
= Exp(2.7254 + 0.0007 × 503 – 2 × 0.0753)
= Exp(2.9096)
= $18.35
March 11, 2025 calculations
Top border of price channel:
Exp(Y1,089)
= Exp(a + b × X1,089 + 2 × s)
= Exp(a + b × 1,587 + 2 × s)
= Exp(2.7254 + 0.0007 × 1,587 + 2 × 0.0753)
= Exp(3.9321)
= $51.02
Bottom border of price channel:
Exp(Y1,089)
= Exp(a + b × X1,089 – 2 × s)
= Exp(a + b × 1,587 – 2 × s)
= Exp(2.7254 + 0.0007 × 1,587 – 2 × 0.0753)
= Exp(3.6311)
= $37.75
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 27.50% per annum.
- LZB price at the close of November 4, 2025 was $31.60 and was lower than the bottom border of the primary price channel by $12.63 (28.56%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 22, 2024
End date: November 4, 2025
a = 5.1616
b = -0.0009
s = 0.0487
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0487) – 1
= 21.51%
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 + 2 × s)
= Exp(a + b × 1,478 + 2 × s)
= Exp(5.1616 + -0.0009 × 1,478 + 2 × 0.0487)
= Exp(3.9219)
= $50.50
Bottom border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 – 2 × s)
= Exp(a + b × 1,478 – 2 × s)
= Exp(5.1616 + -0.0009 × 1,478 – 2 × 0.0487)
= Exp(3.7270)
= $41.56
November 4, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.1616 + -0.0009 × 1,825 + 2 × 0.0487)
= Exp(3.6080)
= $36.89
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.1616 + -0.0009 × 1,825 – 2 × 0.0487)
= Exp(3.4131)
= $30.36
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.12% per annum.
- LZB price at the close of November 4, 2025 was inside the secondary price channel.