19,438 Shares in La-Z-Boy Incorporated $LZB Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC purchased a new stake in shares of La-Z-Boy Incorporated (NYSE:LZB) in the second quarter, Holdings Channel reports. The firm purchased 19,438 shares of the company’s stock, valued at approximately $723,000.

Other large investors have also added to or reduced their stakes in the company. LSV Asset Management increased its position in shares of La-Z-Boy by 5.0% in the first quarter. LSV Asset Management now owns 1,604,462 shares of the company’s stock valued at $62,718,000 after acquiring an additional 76,925 shares during the period. American Century Companies Inc. increased its holdings in La-Z-Boy by 8.8% during the 1st quarter. American Century Companies Inc. now owns 1,250,053 shares of the company’s stock valued at $48,865,000 after purchasing an additional 100,817 shares during the period. T. Rowe Price Investment Management Inc. raised its position in La-Z-Boy by 68.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 881,692 shares of the company’s stock valued at $34,466,000 after purchasing an additional 359,736 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in La-Z-Boy by 13.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 607,633 shares of the company’s stock worth $23,485,000 after buying an additional 70,319 shares during the period. Finally, Aberdeen Group plc lifted its holdings in La-Z-Boy by 28.7% in the 1st quarter. Aberdeen Group plc now owns 447,387 shares of the company’s stock worth $17,488,000 after buying an additional 99,798 shares during the period. Institutional investors own 99.62% of the company’s stock.

Insider Activity

In other news, Director Janet Kerr sold 3,372 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $35.70, for a total value of $120,380.40. Following the sale, the director directly owned 3,653 shares of the company’s stock, valued at $130,412.10. The trade was a 48.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.66% of the company’s stock.

La-Z-Boy Trading Down 0.5%

Shares of La-Z-Boy stock opened at $32.71 on Monday. La-Z-Boy Incorporated has a 12 month low of $31.42 and a 12 month high of $48.31. The firm has a market capitalization of $1.35 billion, a P/E ratio of 14.94 and a beta of 1.23. The business has a fifty day simple moving average of $34.43 and a two-hundred day simple moving average of $37.66.

La-Z-Boy (NYSE:LZB) last issued its quarterly earnings results on Tuesday, August 19th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The business had revenue of $492.23 million during the quarter, compared to the consensus estimate of $502.56 million. During the same quarter in the previous year, the business earned $0.62 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. La-Z-Boy has set its Q2 2026 guidance at EPS. Analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. La-Z-Boy’s dividend payout ratio (DPR) is currently 40.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Zacks Research raised La-Z-Boy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of La-Z-Boy in a report on Saturday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, La-Z-Boy has an average rating of “Hold” and an average target price of $46.00.

About La-Z-Boy

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces.