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 March 6, 2026 was $34.57 and was lower than the bottom border of the primary price channel by $12.78 (26.99%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 10.45% per annum.
- LZB price at the close of March 6, 2026 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 = 2.7942
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
= 35.14%
March 23, 2022 calculations
Top border of price channel:
Exp(Y264)
= Exp(a + b × X264 + 2 × s)
= Exp(a + b × 380 + 2 × s)
= Exp(2.7942 + 0.0007 × 380 + 2 × 0.0753)
= Exp(3.1977)
= $24.48
Bottom border of price channel:
Exp(Y264)
= Exp(a + b × X264 – 2 × s)
= Exp(a + b × 380 – 2 × s)
= Exp(2.7942 + 0.0007 × 380 – 2 × 0.0753)
= Exp(2.8966)
= $18.11
March 11, 2025 calculations
Top border of price channel:
Exp(Y1,007)
= Exp(a + b × X1,007 + 2 × s)
= Exp(a + b × 1,464 + 2 × s)
= Exp(2.7942 + 0.0007 × 1,464 + 2 × 0.0753)
= Exp(3.9191)
= $50.36
Bottom border of price channel:
Exp(Y1,007)
= Exp(a + b × X1,007 – 2 × s)
= Exp(a + b × 1,464 – 2 × s)
= Exp(2.7942 + 0.0007 × 1,464 – 2 × 0.0753)
= Exp(3.6180)
= $37.26
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 27.50% per annum.
- LZB price at the close of March 6, 2026 was $34.57 and was lower than the bottom border of the primary price channel by $12.78 (26.99%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 11, 2024
End date: March 6, 2026
a = 4.1092
b = -0.0003
s = 0.0740
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -10.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0740) – 1
= 34.42%
July 11, 2024 calculations
Top border of price channel:
Exp(Y841)
= Exp(a + b × X841 + 2 × s)
= Exp(a + b × 1,221 + 2 × s)
= Exp(4.1092 + -0.0003 × 1,221 + 2 × 0.0740)
= Exp(3.8880)
= $48.81
Bottom border of price channel:
Exp(Y841)
= Exp(a + b × X841 – 2 × s)
= Exp(a + b × 1,221 – 2 × s)
= Exp(4.1092 + -0.0003 × 1,221 – 2 × 0.0740)
= Exp(3.5922)
= $36.31
March 6, 2026 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.1092 + -0.0003 × 1,824 + 2 × 0.0740)
= Exp(3.7058)
= $40.68
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.1092 + -0.0003 × 1,824 – 2 × 0.0740)
= Exp(3.4099)
= $30.26
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 10.45% per annum.
- LZB price at the close of March 6, 2026 was inside the secondary price channel.