Jacobs Levy Equity Management Inc. Invests $10.81 Million in La-Z-Boy Incorporated $LZB

Jacobs Levy Equity Management Inc. bought a new stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 276,449 shares of the company's stock, valued at approximately $10,806,000. Jacobs Levy Equity Management Inc. owned approximately 0.67% of La-Z-Boy at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. LSV Asset Management grew its stake in La-Z-Boy by 5.0% in the first quarter. LSV Asset Management now owns 1,604,462 shares of the company's stock worth $62,718,000 after purchasing an additional 76,925 shares in the last quarter. American Century Companies Inc. grew its stake in La-Z-Boy by 8.8% in the first quarter. American Century Companies Inc. now owns 1,250,053 shares of the company's stock worth $48,865,000 after purchasing an additional 100,817 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in La-Z-Boy by 68.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 881,692 shares of the company's stock worth $34,466,000 after purchasing an additional 359,736 shares in the last quarter. Systematic Financial Management LP lifted its holdings in La-Z-Boy by 4.0% in the fourth quarter. Systematic Financial Management LP now owns 586,107 shares of the company's stock worth $25,537,000 after acquiring an additional 22,423 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in La-Z-Boy by 273.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company's stock worth $21,262,000 after acquiring an additional 393,365 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors and hedge funds.

La-Z-Boy Stock Performance

Shares of NYSE LZB traded down $1.30 during mid-day trading on Friday, reaching $33.72. 408,685 shares of the company's stock were exchanged, compared to its average volume of 671,643. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.39 and a beta of 1.23. La-Z-Boy Incorporated has a 52-week low of $31.99 and a 52-week high of $48.31. The company's 50-day moving average is $37.13 and its 200-day moving average is $39.00.

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). The business had revenue of $492.23 million for the quarter, compared to analysts' expectations of $502.56 million. La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, equities analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, September 4th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.88 annualized dividend and a yield of 2.6%. La-Z-Boy's dividend payout ratio is presently 40.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LZB. Zacks Research cut shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Wall Street Zen cut La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $46.00.

Insider Transactions at La-Z-Boy

In related news, Director Janet Kerr sold 3,372 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $35.70, for a total transaction of $120,380.40. Following the transaction, the director owned 3,653 shares of the company's stock, valued at approximately $130,412.10. This represents a 48.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.66% of the company's stock.

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.