Aberdeen Group plc trimmed its position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 12.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 391,450 shares of the company's stock after selling 55,937 shares during the period. Aberdeen Group plc owned approximately 0.95% of La-Z-Boy worth $14,550,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of La-Z-Boy by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 229,505 shares of the company's stock worth $8,971,000 after buying an additional 5,822 shares during the last quarter. Versor Investments LP increased its holdings in shares of La-Z-Boy by 148.3% during the 1st quarter. Versor Investments LP now owns 27,813 shares of the company's stock worth $1,087,000 after buying an additional 16,613 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of La-Z-Boy by 6,396.1% during the 1st quarter. GAMMA Investing LLC now owns 13,447 shares of the company's stock worth $526,000 after buying an additional 13,240 shares during the last quarter. US Bancorp DE increased its holdings in shares of La-Z-Boy by 334.3% during the 1st quarter. US Bancorp DE now owns 8,725 shares of the company's stock worth $341,000 after buying an additional 6,716 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of La-Z-Boy by 101.4% during the 1st quarter. Intech Investment Management LLC now owns 77,806 shares of the company's stock worth $3,041,000 after buying an additional 39,170 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors and hedge funds.
La-Z-Boy Trading Up 1.1%
Shares of NYSE LZB opened at $32.49 on Wednesday. La-Z-Boy Incorporated has a 12-month low of $31.42 and a 12-month high of $48.31. The company has a market cap of $1.34 billion, a P/E ratio of 14.83 and a beta of 1.23. The stock has a fifty day moving average price of $35.25 and a 200 day moving average price of $37.95.
La-Z-Boy (NYSE:LZB - Get Free Report) last announced its earnings results on Tuesday, August 19th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $492.23 million for 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 firm'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. On average, sell-side analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.
La-Z-Boy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. La-Z-Boy's dividend payout ratio (DPR) is currently 40.18%.
Insider Buying and Selling at La-Z-Boy
In other news, Director Janet Kerr sold 3,372 shares of the firm's 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 completion of the sale, the director directly owned 3,653 shares in the company, valued at $130,412.10. This trade represents a 48.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.66% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts have recently commented on LZB shares. Zacks Research downgraded La-Z-Boy from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of La-Z-Boy in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $46.00.
Read Our Latest Analysis on La-Z-Boy
About La-Z-Boy
(
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.
Further Reading
Want to see what other hedge funds are holding LZB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for La-Z-Boy Incorporated (NYSE:LZB - Free Report).
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