HighTower Advisors LLC bought a new position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,635 shares of the company's stock, valued at approximately $1,158,000. HighTower Advisors LLC owned about 0.07% of La-Z-Boy as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. TD Private Client Wealth LLC lifted its position in La-Z-Boy by 22.8% during 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 in the last quarter. Johnson Financial Group Inc. lifted its position in La-Z-Boy by 2,394.1% during the 4th quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company's stock worth $80,000 after buying an additional 1,628 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in La-Z-Boy during the 1st quarter worth about $201,000. iSAM Funds UK Ltd acquired a new position in La-Z-Boy during the 4th quarter worth about $205,000. Finally, Bridgefront Capital LLC acquired a new position in La-Z-Boy during the 4th quarter worth about $214,000. Institutional investors own 99.62% of the company's stock.
Wall Street Analyst Weigh In
LZB has been the topic of several research reports. Wall Street Zen downgraded shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Zacks Research downgraded shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, La-Z-Boy presently has an average rating of "Hold" and an average target price of $46.00.
Get Our Latest Analysis on La-Z-Boy
La-Z-Boy Stock Performance
La-Z-Boy stock traded down $0.00 during trading hours on Friday, reaching $36.96. 293,861 shares of the company's stock traded hands, compared to its average volume of 684,844. La-Z-Boy Incorporated has a fifty-two week low of $31.99 and a fifty-two week high of $48.31. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 16.88 and a beta of 1.26. The firm's 50 day moving average is $37.70 and its 200-day moving average is $39.73.
La-Z-Boy (NYSE:LZB - Get Free Report) last announced 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 firm had revenue of $492.23 million during the quarter, compared to analyst estimates of $502.56 million. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The business's revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. Analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current year.
La-Z-Boy Dividend Announcement
The firm 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 4th. La-Z-Boy's dividend payout ratio is presently 40.18%.
La-Z-Boy Company Profile
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Free Report)
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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