Intech Investment Management LLC grew its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 101.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,806 shares of the company's stock after purchasing an additional 39,170 shares during the quarter. Intech Investment Management LLC owned about 0.19% of La-Z-Boy worth $3,041,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its stake in shares of La-Z-Boy by 22.8% in the first quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company's stock valued at $53,000 after buying an additional 252 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake 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 valued at $71,000 after buying an additional 1,382 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of La-Z-Boy in the first quarter valued at about $201,000. iSAM Funds UK Ltd bought a new stake in shares of La-Z-Boy in the fourth quarter valued at about $205,000. Finally, State of Wyoming lifted its stake in shares of La-Z-Boy by 271.4% in the first quarter. State of Wyoming now owns 5,430 shares of the company's stock valued at $212,000 after buying an additional 3,968 shares during the period. 99.62% of the stock is owned by institutional investors and hedge funds.
La-Z-Boy Price Performance
Shares of NYSE:LZB traded down $0.46 during trading on Friday, reaching $33.72. The stock had a trading volume of 1,791,590 shares, compared to its average volume of 505,122. La-Z-Boy Incorporated has a 52 week low of $31.99 and a 52 week high of $48.31. The business's 50-day moving average price is $36.57 and its 200 day moving average price is $38.69. The stock has a market capitalization of $1.39 billion, a PE ratio of 15.40 and a beta of 1.23.
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 (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $502.56 million. During the same quarter last year, the firm posted $0.62 EPS. The business's revenue was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. Analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current year.
La-Z-Boy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 4th were paid a $0.22 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. La-Z-Boy's payout ratio is 40.18%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Wall Street Zen cut shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $46.00.
Get Our Latest Stock Report on LZB
Insider Activity
In related news, Director Janet Kerr sold 3,372 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $35.70, for a total value of $120,380.40. Following the completion of the sale, the director owned 3,653 shares of the company's stock, valued at $130,412.10. This trade represents a 48.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.66% of the company's stock.
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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