Versor Investments LP Has $1.09 Million Position in La-Z-Boy Incorporated $LZB

Key Points

• Versor Investments LP increased its holdings in La-Z-Boy by 148.3% in the first quarter, owning approximately 0.07% of the company worth $1,087,000 by the end of the reporting period.
• La-Z-Boy reported earnings of $0.92 per share for the most recent quarter, slightly below analysts' expectations, but generated revenue of $570.87 million, exceeding estimates of $557.44 million.
• Institutional investors and hedge funds now own 99.62% of La-Z-Boy's stock, indicating strong institutional interest in the company.

Versor Investments LP lifted its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 148.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,813 shares of the company's stock after purchasing an additional 16,613 shares during the quarter. Versor Investments LP owned 0.07% of La-Z-Boy worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in La-Z-Boy by 2.6% in 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 in the last quarter. Deutsche Bank AG lifted its stake in shares of La-Z-Boy by 48.5% in the 4th quarter. Deutsche Bank AG now owns 35,590 shares of the company's stock valued at $1,551,000 after acquiring an additional 11,622 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of La-Z-Boy by 6,396.1% during the 1st quarter. GAMMA Investing LLC now owns 13,447 shares of the company's stock valued at $526,000 after acquiring an additional 13,240 shares in the last quarter. US Bancorp DE grew its position in La-Z-Boy by 334.3% during the 1st quarter. US Bancorp DE now owns 8,725 shares of the company's stock worth $341,000 after acquiring an additional 6,716 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in La-Z-Boy by 79.0% during the 1st quarter. Victory Capital Management Inc. now owns 79,515 shares of the company's stock worth $3,108,000 after acquiring an additional 35,103 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on LZB shares. Wall Street Zen downgraded La-Z-Boy from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. KeyCorp raised La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 price objective for the company in a research note on Friday, April 25th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

La-Z-Boy Price Performance

Shares of LZB traded down $4.6450 during trading hours on Wednesday, hitting $34.4650. 3,139,165 shares of the stock were exchanged, compared to its average volume of 469,962. La-Z-Boy Incorporated has a fifty-two week low of $31.99 and a fifty-two week high of $48.31. The business has a 50-day moving average of $37.98 and a 200-day moving average of $40.18. The firm has a market capitalization of $1.42 billion, a P/E ratio of 15.74 and a beta of 1.26.

La-Z-Boy (NYSE:LZB - Get Free Report) last issued its quarterly earnings results 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 net margin of 4.35% and a return on equity of 11.34%. The firm had revenue of $492.23 million for the quarter, compared to the consensus estimate of $502.56 million. During the same period last year, the company posted $0.62 EPS. The business's revenue was down .7% compared to the same quarter last year. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, analysts forecast that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

About La-Z-Boy

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.