La-Z-Boy Incorporated $LZB Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in La-Z-Boy by 8.8%, acquiring an additional 100,817 shares, and now owns approximately 3.03% of the company valued at $48.87 million.
• La-Z-Boy reported Q2 earnings that missed estimates with an EPS of $0.47 versus the expected $0.53, and a revenue of $492.23 million, down 0.7% year-over-year.
• Wall Street analysts have mixed opinions on La-Z-Boy, with one analyst rating it as a "Buy" and another as a "Hold," leading to an average target price of $44.50.

American Century Companies Inc. lifted its position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 8.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,250,053 shares of the company's stock after buying an additional 100,817 shares during the quarter. American Century Companies Inc. owned approximately 3.03% of La-Z-Boy worth $48,865,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in La-Z-Boy by 273.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company's stock valued at $21,262,000 after acquiring an additional 393,365 shares in the last quarter. Nuveen LLC acquired a new stake in shares of La-Z-Boy during the first quarter worth about $10,725,000. Wellington Management Group LLP boosted its stake in shares of La-Z-Boy by 321.1% in the fourth 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 period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of La-Z-Boy in the fourth quarter valued at approximately $4,500,000. Finally, Aberdeen Group plc increased its stake in La-Z-Boy by 28.7% during the 1st quarter. Aberdeen Group plc now owns 447,387 shares of the company's stock worth $17,488,000 after buying an additional 99,798 shares during the period. Institutional investors and hedge funds own 99.62% of the company's stock.

La-Z-Boy Stock Up 0.2%

NYSE LZB traded up $0.06 on Monday, hitting $36.64. 747,285 shares of the stock were exchanged, compared to its average volume of 651,386. La-Z-Boy Incorporated has a fifty-two week low of $31.99 and a fifty-two week high of $48.31. The company has a 50-day moving average price of $37.82 and a 200-day moving average price of $39.89. The company has a market cap of $1.51 billion, a PE ratio of 16.73 and a beta of 1.26.

La-Z-Boy (NYSE:LZB - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm 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%.La-Z-Boy's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, equities research analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. La-Z-Boy's dividend payout ratio is currently 40.18%.

Analysts Set New Price Targets

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