Capital Fund Management S.A. Takes $1.17 Million Position 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. acquired a new stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 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 SEC filing.

A number of other hedge funds also recently made changes to their positions in LZB. Allspring Global Investments Holdings LLC raised its stake in shares of La-Z-Boy by 273.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company's stock valued at $21,262,000 after purchasing an additional 393,365 shares during the period. Nuveen LLC bought a new stake in shares of La-Z-Boy in the first quarter worth $10,725,000. Wellington Management Group LLP increased 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 worth $13,575,000 after buying an additional 237,578 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of La-Z-Boy in the fourth quarter worth $4,500,000. Finally, American Century Companies Inc. increased its stake in shares of La-Z-Boy by 8.8% in the first quarter. American Century Companies Inc. now owns 1,250,053 shares of the company's stock worth $48,865,000 after buying an additional 100,817 shares during the last quarter. Hedge funds and other institutional investors own 99.62% of the company's stock.

Wall Street Analysts Forecast Growth

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

La-Z-Boy Stock Down 0.0%

LZB stock traded down $0.00 during trading on Friday, hitting $36.96. 293,861 shares of the company's stock traded hands, compared to its average volume of 516,397. La-Z-Boy Incorporated has a 52 week low of $31.99 and a 52 week high of $48.31. The stock has a fifty day moving average price of $37.72 and a two-hundred day moving average price of $39.79. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 16.88 and a beta of 1.26.

La-Z-Boy (NYSE:LZB - Get Free Report) last announced its quarterly earnings results 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). 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 for the quarter, compared to analyst estimates of $502.56 million. During the same period last year, the firm posted $0.62 EPS. The business's revenue was down .7% compared to the same quarter last year. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, equities research analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Announces Dividend

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