La-Z-Boy Announces Acquisition of Southeast Stores

La-Z-Boy Incorporated ( (LZB) ) just unveiled an update.

On July 14, 2025, La-Z-Boy Incorporated announced an asset purchase agreement to acquire a network of 15 La-Z-Boy Furniture Galleries® stores and four warehouses in the southeast United States from Atlanta Furniture Galleries, LLC. This acquisition, expected to close in late October 2025, will increase La-Z-Boy’s company-owned store count to 220, representing 60% of its total network, and is anticipated to be immediately accretive to sales and profits. The acquisition is part of La-Z-Boy’s strategy to expand in the rapidly growing southeast region, despite challenging macroeconomic conditions, and aligns with its Century Vision objectives to grow its Retail and direct-to-consumer segments.

The most recent analyst rating on (LZB) stock is a Hold with a $43.00 price target. To see the full list of analyst forecasts on La-Z-Boy Incorporated stock, see the LZB Stock Forecast page.

Spark’s Take on LZB Stock

According to Spark, TipRanks’ AI Analyst, LZB is a Neutral.

La-Z-Boy’s overall stock score reflects a solid financial foundation and positive earnings call insights, tempered by bearish technical indicators and valuation concerns. The company’s strong balance sheet and strategic initiatives provide a buffer against economic challenges, but declining profitability and cash flow growth warrant caution.

To see Spark’s full report on LZB stock, click here.

More about La-Z-Boy Incorporated

La-Z-Boy Incorporated is a global leader in the retail and manufacture of residential furniture, known for its iconic recliners since 1927. The company operates as a vertically integrated furniture retailer and manufacturer, with a network of over 200 company-owned La-Z-Boy Furniture Galleries® stores, part of a broader network of nearly 370 stores nationwide. It also includes Joybird®, an e-commerce retailer and manufacturer of modern upholstered furniture, and offers custom furniture through its Wholesale segment.

Average Trading Volume: 436,954

Technical Sentiment Signal: Buy

Current Market Cap: $1.6B

Find detailed analytics on LZB stock on TipRanks’ Stock Analysis page.