Capital Fund Management S.A. Makes New Investment in La-Z-Boy Incorporated $LZB

Key Points

• Capital Fund Management S.A. has acquired a new stake in La-Z-Boy Incorporated, purchasing 29,994 shares valued at approximately $1.17 million, representing about 0.07% ownership of the company.
• Other institutional investors have also increased their stakes in La-Z-Boy, with significant increases reported by TD Private Client Wealth LLC and Caitong International Asset Management Co., totaling various percentage gains in their holdings.
• La-Z-Boy has adjusted its stock rating from a "buy" to a "hold" by Wall Street analysts, although the stock still holds a consensus rating of "Buy" with an average price target of $46.00.

Capital Fund Management S.A. purchased a new position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,994 shares of the company's stock, valued at approximately $1,172,000. Capital Fund Management S.A. owned 0.07% of La-Z-Boy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in shares of 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 worth $53,000 after purchasing an additional 252 shares during the period. Johnson Financial Group Inc. increased its holdings in La-Z-Boy by 2,394.1% in the 4th 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. Caitong International Asset Management Co. Ltd increased its holdings in La-Z-Boy by 317.7% in the 1st 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. iSAM Funds UK Ltd bought a new position in La-Z-Boy in the 4th quarter valued at about $205,000. Finally, Bridgefront Capital LLC bought a new position in La-Z-Boy in the fourth quarter valued at approximately $214,000. Institutional investors own 99.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LZB. Zacks Research cut shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Wall Street Zen lowered La-Z-Boy from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $46.00.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock traded down $0.00 during midday trading on Friday, hitting $36.96. 293,861 shares of the company traded hands, compared to its average volume of 675,769. The firm's fifty day moving average price is $37.70 and its 200-day moving average price is $39.65. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 16.88 and a beta of 1.23. La-Z-Boy Incorporated has a 12 month low of $31.99 and a 12 month high of $48.31.

La-Z-Boy (NYSE:LZB - Get Free Report) last posted its 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 company 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 business's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. Equities research analysts forecast that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Announces Dividend

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

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.