Charles Schwab Investment Management Inc. Lowers Stake in La-Z-Boy Incorporated $LZB

Key Points

• Charles Schwab Investment Management Inc. has reduced its holdings in La-Z-Boy by 2.7% to 779,839 shares, now representing 1.89% of the company valued at $30.48 million.
• Recent hedge fund activities show varied interest, with TD Private Client Wealth LLC increasing its stake by 22.8%, while Johnson Financial Group's stake rose by an impressive 2,394.1%.
• La-Z-Boy reported $0.47 earnings per share for the last quarter, missing estimates, and anticipates an average 2.99 EPS for the current year.

Charles Schwab Investment Management Inc. lessened its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 779,839 shares of the company's stock after selling 21,301 shares during the period. Charles Schwab Investment Management Inc. owned 1.89% of La-Z-Boy worth $30,484,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its holdings in La-Z-Boy by 22.8% in the 1st quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company's stock valued at $53,000 after purchasing an additional 252 shares during the last quarter. PFG Advisors lifted its holdings in La-Z-Boy by 2.6% during the 1st quarter. PFG Advisors now owns 11,797 shares of the company's stock worth $461,000 after buying an additional 298 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in La-Z-Boy by 0.8% during the 1st quarter. Allianz Asset Management GmbH now owns 45,164 shares of the company's stock worth $1,765,000 after buying an additional 346 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of La-Z-Boy by 1.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 24,504 shares of the company's stock valued at $1,068,000 after purchasing an additional 359 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of La-Z-Boy by 4.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,887 shares of the company's stock valued at $605,000 after purchasing an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company's stock.

La-Z-Boy Trading Up 5.0%

Shares of NYSE LZB traded up $1.7420 during mid-day trading on Friday, reaching $36.5420. The company had a trading volume of 672,034 shares, compared to its average volume of 634,576. The firm has a 50 day simple moving average of $37.87 and a two-hundred day simple moving average of $39.99. The stock has a market cap of $1.51 billion, a P/E ratio of 16.69 and a beta of 1.26. La-Z-Boy Incorporated has a 52-week low of $31.99 and a 52-week 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 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The company had revenue of $492.23 million during the quarter, compared to analysts' expectations of $502.56 million. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, equities analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

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