Aberdeen Group plc Acquires 99,798 Shares of La-Z-Boy Incorporated $LZB

Key Points

• Aberdeen Group plc increased its stake in La-Z-Boy by 28.7% during Q1, acquiring 99,798 shares to elevate its total ownership to approximately 1.08% of the company, valued at $17.5 million.
• Substantial interest from institutional investors is evident, as 99.62% of La-Z-Boy's stock is owned by these entities, with notable increases from Allspring Global Investments and Wellington Management.
• La-Z-Boy's recent earnings report indicated $0.92 EPS, slightly below the consensus estimate, while the company's revenue for the quarter grew 3.1% year-over-year to $570.87 million.

Aberdeen Group plc increased its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 447,387 shares of the company's stock after acquiring an additional 99,798 shares during the period. Aberdeen Group plc owned about 1.08% of La-Z-Boy worth $17,488,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LZB. Allspring Global Investments Holdings LLC lifted its holdings in La-Z-Boy by 273.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company's stock valued at $21,262,000 after purchasing an additional 393,365 shares during the last quarter. Nuveen LLC bought a new position in La-Z-Boy during the 1st quarter valued at about $10,725,000. Wellington Management Group LLP lifted its holdings in La-Z-Boy by 321.1% during the 4th quarter. Wellington Management Group LLP now owns 311,578 shares of the company's stock valued at $13,575,000 after purchasing an additional 237,578 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in La-Z-Boy during the 4th quarter valued at about $4,500,000. Finally, Vest Financial LLC bought a new position in La-Z-Boy during the 1st quarter valued at about $3,061,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.

La-Z-Boy Stock Performance

Shares of NYSE LZB traded up $1.7420 during trading on Friday, reaching $36.5420. The company had a trading volume of 672,034 shares, compared to its average volume of 634,576. La-Z-Boy Incorporated has a 52 week low of $31.99 and a 52 week high of $48.31. The stock has a market cap of $1.51 billion, a PE ratio of 16.69 and a beta of 1.26. The business's 50 day moving average price is $37.87 and its 200-day moving average price is $39.99.

La-Z-Boy (NYSE:LZB - Get Free Report) last posted 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 the consensus estimate of $502.56 million. La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The company's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. Equities analysts anticipate that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, La-Z-Boy presently has a consensus rating of "Buy" and a consensus target price of $46.00.

La-Z-Boy Company 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.