Dimensional Fund Advisors LP trimmed its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,768,360 shares of the company's stock after selling 207,497 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.70% of La-Z-Boy worth $108,213,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in La-Z-Boy by 2.6% during the first quarter. Principal Financial Group Inc. now owns 229,505 shares of the company's stock valued at $8,971,000 after buying an additional 5,822 shares during the period. Deutsche Bank AG lifted its holdings in La-Z-Boy by 48.5% during the fourth quarter. Deutsche Bank AG now owns 35,590 shares of the company's stock valued at $1,551,000 after purchasing an additional 11,622 shares in the last quarter. GAMMA Investing LLC lifted its holdings in La-Z-Boy by 6,396.1% during the first quarter. GAMMA Investing LLC now owns 13,447 shares of the company's stock valued at $526,000 after purchasing an additional 13,240 shares in the last quarter. US Bancorp DE lifted its holdings in La-Z-Boy by 334.3% during the first quarter. US Bancorp DE now owns 8,725 shares of the company's stock valued at $341,000 after purchasing an additional 6,716 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in La-Z-Boy by 79.0% during the first quarter. Victory Capital Management Inc. now owns 79,515 shares of the company's stock valued at $3,108,000 after purchasing an additional 35,103 shares in the last quarter. 99.62% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
LZB has been the topic of several analyst reports. Wall Street Zen downgraded shares of La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Zacks Research downgraded shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, La-Z-Boy currently has a consensus rating of "Hold" and a consensus price target of $46.00.
View Our Latest Stock Analysis on La-Z-Boy
La-Z-Boy Stock Up 0.2%
La-Z-Boy stock traded up $0.09 during mid-day trading on Thursday, reaching $36.95. 445,069 shares of the company's stock traded hands, compared to its average volume of 683,952. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 16.87 and a beta of 1.26. The stock has a 50 day moving average of $37.72 and a two-hundred day moving average of $39.79. 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 released its quarterly 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 for 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, sell-side analysts forecast that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.
La-Z-Boy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, September 4th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. La-Z-Boy's dividend payout ratio is presently 40.18%.
La-Z-Boy Profile
(
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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