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LZB

La-Z-Boy

$27.05

0.05 (0.19%)

16:19
05/18/17
05/18
16:19
05/18/17
16:19

La-Z-Boy promotes J. Douglas Collier to Chief Commercial Officer

La-Z-Boy announced organizational changes within its senior leadership team. Kurt L. Darrow, Chairman, President and CEO, of La-Z-Boy Incorporated, said: "After a thorough review of our structure, we are taking steps to better align the organization to achieve our strategic objectives and drive accelerated growth throughout the business. We have a strong and talented team of executives in place to execute our strategies and develop longer term initiatives to deliver sustainable performance. With respect to our ongoing succession planning objectives, we believe these moves are appropriate to ensure the company has the correct leadership structure." J. Douglas Collier, Senior Vice President, Chief Marketing Officer and President, International, has been appointed to the newly created role of Chief Commercial Officer and President, International. In this position, he will have global responsibility for all facets of sales, merchandising and marketing for the La-Z-Boy branded business. He will continue to report to Darrow. Darrell Edwards, Senior Vice President and Chief Supply Chain Officer, will expand his role. In addition to spearheading the supply chain strategy across the entire La-Z-Boy enterprise, including both upholstery and casegoods operations, all La-Z-Boy branded manufacturing, regional distribution centers, and research and development are under his area of responsibility. With these changes, he will assume the additional responsibility for the La-Z-Boy branded business customer experience and after-market operations and services. Edwards will now report to Darrow. Daniel King, President, La-Z-Boy Retail Division, which includes 142 of the 346 La-Z-Boy Furniture Galleries stores, will now report directly to Darrow as the retail segment has become a larger component of the corporation's consolidated sales and is expected to continue to grow through the company's 4-4-5 strategy as well as through potential acquisitions.

  • 23

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LZB La-Z-Boy
$27.05

0.05 (0.19%)

02/23/17
02/23/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. NVIDIA (NVDA) downgraded to Underperform from Market Perform at BMO Capital and to Reduce from Buy at Nomura. 2. L Brands (LB) downgraded to Neutral from Overweight at Atlantic Equities. 3. FLIR Systems (FLIR) downgraded to In-Line from Outperform at Imperial Capital with analyst Jeff Kessler citing valuation following the recent rally in the shares. The analyst maintains a $38 price target for the stock. 4. La-Z-Boy (LZB) downgraded to Hold from Buy at Stifel with analyst John Baugh saying the company's January quarter results show that it is having difficulty generating organic growth. The analyst adds that "the furniture business remains challenged." 5. Dorman Products (DORM) downgraded to Market Perform from Outperform at FBR Capital with analyst Christopher Van Horn citing valuation. The analyst raised his price target for the shares to $80 from $68. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/23/17
STFL
02/23/17
DOWNGRADE
STFL
Hold
La-Z-Boy downgraded on results, sectior weakness at Stifel
Stifel analyst John Baugh downgraded La-Z-Boy, as he says that the company's January quarter results show that it is having difficulty generating organic growth. The analyst adds that "the furniture business remains challenged." Target to $30 from $33.
02/22/17
STFL
02/22/17
DOWNGRADE
STFL
Hold
La-Z-Boy downgraded to Hold from Buy at Stifel
01/05/17
01/05/17
DOWNGRADE

Market Perform
La-Z-Boy downgraded to Market Perform on valuation at Raymond James
As previously reported, Raymond James downgraded La-Z-Boy to Market Perform from Strong Buy. Analyst Budd Bugatch said risk/reward going forward is now, at best, balanced and potentially vulnerable to downside with any market downdraft and/or change in company/industry fortunes.

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