Dimensional Fund Advisors LP reduced its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,768,360 shares of the company's stock after selling 207,497 shares during the period. Dimensional Fund Advisors LP owned about 6.70% of La-Z-Boy worth $108,213,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of La-Z-Boy by 317.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company's stock worth $71,000 after purchasing an additional 1,382 shares during the period. Russell Investments Group Ltd. boosted its position in shares of La-Z-Boy by 54.5% in the first quarter. Russell Investments Group Ltd. now owns 58,841 shares of the company's stock worth $2,300,000 after purchasing an additional 20,749 shares during the period. HighTower Advisors LLC bought a new position in shares of La-Z-Boy in the first quarter worth approximately $1,158,000. Public Sector Pension Investment Board boosted its position in shares of La-Z-Boy by 45.2% in the first quarter. Public Sector Pension Investment Board now owns 151,415 shares of the company's stock worth $5,919,000 after purchasing an additional 47,167 shares during the period. Finally, Nuveen LLC bought a new position in shares of La-Z-Boy in the first quarter worth approximately $10,725,000. 99.62% of the stock is owned by hedge funds and other institutional investors.
La-Z-Boy Trading Up 0.2%
LZB traded up $0.06 during trading hours on Monday, hitting $36.64. The company's stock had a trading volume of 747,285 shares, compared to its average volume of 651,386. The business's 50-day moving average price is $37.82 and its 200-day moving average price is $39.89. La-Z-Boy Incorporated has a 12 month low of $31.99 and a 12 month high of $48.31. The stock 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 (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). La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The business had revenue of $492.23 million during the quarter, compared to the consensus estimate of $502.56 million. During the same quarter last year, the firm earned $0.62 earnings per share. The business's quarterly revenue was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, analysts forecast that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.
Analyst Ratings Changes
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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $46.00.
View Our Latest Analysis on La-Z-Boy
La-Z-Boy Company 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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