AlphaQuest LLC purchased a new position in La-Z-Boy Incorporated (NYSE:LZB – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,258 shares of the company’s stock, valued at approximately $753,000.
Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in La-Z-Boy by 116.9% in the 2nd quarter. GAMMA Investing LLC now owns 746 shares of the company’s stock worth $28,000 after buying an additional 402 shares during the period. TD Private Client Wealth LLC increased its stake in La-Z-Boy by 22.8% in the 1st quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company’s stock worth $53,000 after buying an additional 252 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in La-Z-Boy by 317.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock worth $71,000 after buying an additional 1,382 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in La-Z-Boy during the 1st quarter valued at about $201,000. Finally, State of Wyoming increased its position in La-Z-Boy by 271.4% during the 1st quarter. State of Wyoming now owns 5,430 shares of the company’s stock valued at $212,000 after purchasing an additional 3,968 shares during the period. Hedge funds and other institutional investors own 99.62% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on LZB shares. Zacks Research raised shares of La-Z-Boy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of La-Z-Boy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.00.
La-Z-Boy Stock Performance
NYSE:LZB opened at $32.75 on Tuesday. La-Z-Boy Incorporated has a fifty-two week low of $31.42 and a fifty-two week high of $48.31. The stock has a market capitalization of $1.35 billion, a P/E ratio of 14.95 and a beta of 1.23. The company’s 50-day simple moving average is $34.32 and its 200-day simple moving average is $37.61.
La-Z-Boy (NYSE:LZB – Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The firm had revenue of $492.23 million during the quarter, compared to the consensus estimate of $502.56 million. During the same quarter in the prior year, the business posted $0.62 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, research analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current year.
La-Z-Boy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, September 4th were paid a $0.22 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. La-Z-Boy’s dividend payout ratio (DPR) is 40.18%.
Insider Buying and Selling
In related news, Director Janet Kerr sold 3,372 shares of La-Z-Boy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $35.70, for a total value of $120,380.40. Following the completion of the sale, the director directly owned 3,653 shares in the company, valued at $130,412.10. This trade represents a 48.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.66% of the stock is owned by company insiders.
La-Z-Boy Profile
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.
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