Q2 Earnings Forecast for La-Z-Boy Issued By KeyCorp

Key Points

• KeyCorp forecasts La-Z-Boy will earn $0.47 per share in Q2 2027 and maintains an “Overweight” rating with a $40 price target. Analysts’ average rating is “Moderate Buy,” with an average target of $39.50.
• In its latest reported quarter, La-Z-Boy posted EPS of $0.43, below the $0.49 consensus, while revenue of $475.69 million also missed estimates and fell 3.4% year over year.
• The company’s shares opened at $32.51, and La-Z-Boy pays an annualized dividend of $0.97 per share, representing a 3.0% yield.

La-Z-Boy Incorporated (NYSE:LZB - Free Report) - Stock analysts at KeyCorp issued their Q2 2027 earnings per share (EPS) estimates for shares of La-Z-Boy in a research report issued to clients and investors on Thursday, November 12th. KeyCorp analyst B. Thomas forecasts that the company will post earnings of $0.47 per share for the quarter. KeyCorp has an "Overweight" rating and a $40.00 price target on the stock. The consensus estimate for La-Z-Boy's current full-year earnings is $2.50 per share.

LZB has been the topic of several other reports. Zacks Research upgraded shares of La-Z-Boy from a "strong sell" rating to a "hold" rating in a research note on Monday, October 19th. Weiss Ratings downgraded shares of La-Z-Boy from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of La-Z-Boy from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.50.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock opened at $32.51 on Friday. The firm has a 50-day moving average of $30.47 and a 200-day moving average of $35.06. The stock has a market cap of $1.30 billion, a PE ratio of 10.94, a PEG ratio of 1.20 and a beta of 1.25. La-Z-Boy has a 52-week low of $28.39 and a 52-week high of $44.90.

La-Z-Boy (NYSE:LZB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). La-Z-Boy had a return on equity of 11.79% and a net margin of 3.86%. The firm had revenue of $475.69 million for the quarter, compared to the consensus estimate of $501.44 million. During the same quarter in the previous year, the business earned $0.47 EPS. The firm's quarterly revenue was down 3.4% on a year-over-year basis.

Institutional Investors Weigh In On La-Z-Boy

Hedge funds and other institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd bought a new position in La-Z-Boy in the second quarter valued at about $3,896,000. BlackRock Inc. acquired a new stake in shares of La-Z-Boy during the second quarter valued at about $265,535,000. Hsbc Holdings PLC acquired a new stake in shares of La-Z-Boy during the second quarter valued at about $1,546,000. Squarepoint Ops LLC bought a new stake in shares of La-Z-Boy during the second quarter worth about $2,052,000. Finally, Empowered Funds LLC bought a new stake in shares of La-Z-Boy during the second quarter worth about $6,475,000. Institutional investors own 99.62% of the company's stock.

Insider Activity at La-Z-Boy

In other La-Z-Boy news, insider Robert Sundy, II sold 5,000 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $30.85, for a total transaction of $154,250.00. Following the sale, the insider owned 59,297 shares of the company's stock, valued at approximately $1,829,312.45. The trade was a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet Kerr sold 3,653 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $31.75, for a total transaction of $115,982.75. Following the transaction, the director owned 4,125 shares of the company's stock, valued at $130,968.75. This trade represents a 46.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.12% of the company's stock.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd were issued a dividend of $0.2420 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.97 annualized dividend and a dividend yield of 3.0%. La-Z-Boy's payout ratio is 49.24%.

About La-Z-Boy

La-Z-Boy Incorporated designs, manufactures, markets and sells residential furniture, including recliners, sofas, chairs and other upholstered products, as well as selected casegoods such as bedroom and dining furniture. Its brands include La-Z-Boy, Joybird, England, Kincaid and American Drew. Founded in 1927 by cousins Edwin Shoemaker and Edward Knabusch, the company grew from their development of an early reclining chair. La-Z-Boy is headquartered in Monroe, Michigan, and sells its products through company-operated stores, independent retailers and online channels, primarily serving customers in North America.

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