American Century Companies Inc. Has $48.87 Million Holdings in La-Z-Boy Incorporated $LZB

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. grew its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 3.03% of La-Z-Boy worth $48,865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LZB. TD Private Client Wealth LLC raised its position in shares of 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 valued at $53,000 after acquiring an additional 252 shares in the last quarter. Johnson Financial Group Inc. raised its position in shares of 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 valued at $80,000 after acquiring an additional 1,628 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of La-Z-Boy by 317.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company's stock valued at $71,000 after acquiring an additional 1,382 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of La-Z-Boy during the 4th quarter valued at approximately $203,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of La-Z-Boy during the 4th quarter valued at approximately $205,000. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered La-Z-Boy from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, La-Z-Boy has a consensus rating of "Buy" and an average target price of $46.00.

La-Z-Boy Trading Up 5.0%

NYSE:LZB traded up $1.7420 during mid-day trading on Friday, reaching $36.5420. 672,034 shares of the stock were exchanged, compared to its average volume of 634,576. The business has a fifty day moving average price of $37.87 and a 200 day moving average price of $39.99. The firm has a market capitalization of $1.51 billion, a PE ratio of 16.69 and a beta of 1.26. La-Z-Boy Incorporated has a 1-year low of $31.99 and a 1-year high of $48.31.

La-Z-Boy (NYSE:LZB - Get Free Report) last released 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). La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The company had revenue of $492.23 million during the quarter, compared to analyst estimates of $502.56 million. During the same quarter last year, the business earned $0.62 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. 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 earnings per share for the current year.

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.