Aberdeen Group plc Buys 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% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447,387 shares of the company's stock after buying an additional 99,798 shares during the period. Aberdeen Group plc owned 1.08% of La-Z-Boy worth $17,488,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LZB. TD Private Client Wealth LLC lifted its holdings in La-Z-Boy by 22.8% in the first quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company's stock valued at $53,000 after buying an additional 252 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in La-Z-Boy by 317.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company's stock valued at $71,000 after buying an additional 1,382 shares during the period. Johnson Financial Group Inc. lifted its holdings in La-Z-Boy by 2,394.1% in the fourth quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company's stock valued at $80,000 after buying an additional 1,628 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in La-Z-Boy in the first quarter valued at approximately $201,000. Finally, Bank of Montreal Can acquired a new position in La-Z-Boy in the fourth quarter valued at approximately $203,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.

La-Z-Boy Stock Performance

NYSE:LZB traded up $1.7420 during trading hours on Friday, hitting $36.5420. The stock had a trading volume of 672,034 shares, compared to its average volume of 651,386. La-Z-Boy Incorporated has a one year low of $31.99 and a one year high of $48.31. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 16.69 and a beta of 1.26. The business's 50 day moving average is $37.87 and its 200-day moving average is $39.94.

La-Z-Boy (NYSE:LZB - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.47 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the company posted $0.62 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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, Based on data from MarketBeat, La-Z-Boy currently has a consensus rating of "Buy" and an average target price of $46.00.

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.