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La-Z-Boy Incorporated ( (LZB) ) just unveiled an announcement.
On July 1, 2025, La-Z-Boy Incorporated entered into a Second Amendment to its Credit Agreement, which extends the maturity date of its Credit Facility to July 1, 2030, increases the accordion basket for additional loans to $125 million, removes the SOFR credit spread adjustment, and decreases the consolidated fixed charge coverage ratio under the financial covenant. This amendment, made with Wells Fargo Bank and other lenders, aims to provide La-Z-Boy with enhanced financial flexibility and potentially improve its operational and market positioning.
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 solid financial performance and positive earnings call sentiment are offset by technical indicators suggesting a bearish short-term trend. The reasonable valuation and dividend yield provide a stable investment case, but challenges in maintaining profitability and cash flow growth are notable risks.
To see Spark’s full report on LZB stock, click here.
More about La-Z-Boy Incorporated
Average Trading Volume: 463,111
Technical Sentiment Signal: Buy
Current Market Cap: $1.58B
For detailed information about LZB stock, go to TipRanks’ Stock Analysis page.