Charles Schwab Investment Management Inc. lessened its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 779,839 shares of the company's stock after selling 21,301 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.89% of La-Z-Boy worth $30,484,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. LSV Asset Management grew its position in La-Z-Boy by 5.0% in the first quarter. LSV Asset Management now owns 1,604,462 shares of the company's stock worth $62,718,000 after buying an additional 76,925 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in La-Z-Boy by 2.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 960,023 shares of the company's stock worth $41,828,000 after buying an additional 23,329 shares during the last quarter. Systematic Financial Management LP grew its position in La-Z-Boy by 4.0% in the fourth quarter. Systematic Financial Management LP now owns 586,107 shares of the company's stock worth $25,537,000 after buying an additional 22,423 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in La-Z-Boy by 273.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company's stock worth $21,262,000 after buying an additional 393,365 shares during the last quarter. Finally, Northern Trust Corp grew its position in La-Z-Boy by 10.7% in the fourth quarter. Northern Trust Corp now owns 487,839 shares of the company's stock worth $21,255,000 after buying an additional 46,975 shares during the last quarter. Institutional investors and hedge funds own 99.62% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of 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, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $46.00.
Read Our Latest Stock Analysis on LZB
La-Z-Boy Stock Up 0.2%
Shares of LZB traded up $0.06 during mid-day trading on Monday, reaching $36.64. The company's stock had a trading volume of 747,285 shares, compared to its average volume of 651,386. The business has a fifty day moving average of $37.82 and a 200 day moving average of $39.89. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 16.73 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 earnings results on Tuesday, August 19th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The business 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%. La-Z-Boy's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.
La-Z-Boy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 4th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. La-Z-Boy's payout ratio is currently 40.18%.
About La-Z-Boy
(
Free Report)
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.
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