Invesco Ltd. Has $12.48 Million Stock Position in La-Z-Boy Incorporated $LZB

Key Points

• Invesco Ltd. has reduced its stake in La-Z-Boy Incorporated by 5.6%, now holding approximately 319,192 shares worth about $12.48 million.
• Several other institutional investors have increased their positions significantly, with Allspring Global Investments boosting its holdings by 273.3% in the first quarter.
• La-Z-Boy's recent earnings report revealed an EPS of $0.47, falling short of estimates, while revenue totaled $492.23 million, which is down compared to the previous year.

Invesco Ltd. trimmed its position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,192 shares of the company's stock after selling 18,974 shares during the quarter. Invesco Ltd. owned approximately 0.77% of La-Z-Boy worth $12,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LZB. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 period. Wellington Management Group LLP boosted its holdings in shares of La-Z-Boy by 321.1% in the fourth quarter. Wellington Management Group LLP now owns 311,578 shares of the company's stock worth $13,575,000 after buying an additional 237,578 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of La-Z-Boy in the fourth quarter worth about $4,500,000. Vest Financial LLC acquired a new position in shares of La-Z-Boy in the first quarter worth about $3,061,000. Finally, LSV Asset Management boosted its holdings in shares of 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 period. 99.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $46.00.

La-Z-Boy Trading Up 5.0%

Shares of NYSE LZB opened at $36.5420 on Friday. La-Z-Boy Incorporated has a one year low of $31.99 and a one year high of $48.31. The firm has a market capitalization of $1.51 billion, a PE ratio of 16.69 and a beta of 1.26. The business has a 50-day moving average price of $37.87 and a two-hundred day moving average price of $39.99.

La-Z-Boy (NYSE:LZB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.47 EPS 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 for the quarter, compared to analyst estimates of $502.56 million. During the same quarter in the previous year, the business posted $0.62 earnings per share. The company's revenue was down .7% compared to the same quarter last year. La-Z-Boy has set its Q2 2026 guidance at EPS. Research analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy 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.

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