La-Z-Boy Incorporated $LZB Position Trimmed by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC reduced its holdings in La-Z-Boy by 75%, selling 108,086 shares, and now owns 36,058 shares valued at approximately $1.41 million.
• Major institutional investors like Wellington Management and Caitong International Asset Management have significantly increased their holdings in La-Z-Boy, indicating strong interest in the company's stock despite some sell-offs.
• La-Z-Boy's earnings for the last quarter fell short of estimates, reporting $0.47 EPS against expectations of $0.53, contributing to a quarterly revenue decline of 0.7% year-over-year.

Venture Visionary Partners LLC lowered its stake in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 75.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 36,058 shares of the company's stock after selling 108,086 shares during the period. Venture Visionary Partners LLC owned 0.09% of La-Z-Boy worth $1,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in La-Z-Boy by 4.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,887 shares of the company's stock worth $605,000 after buying an additional 556 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of La-Z-Boy during the 4th quarter valued at approximately $203,000. Raymond James Financial Inc. bought a new position in La-Z-Boy during the fourth quarter worth $619,000. Barclays PLC lifted its stake in La-Z-Boy by 8.1% during the fourth quarter. Barclays PLC now owns 81,318 shares of the company's stock worth $3,543,000 after purchasing an additional 6,062 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in La-Z-Boy by 5.0% in the fourth quarter. MetLife Investment Management LLC now owns 25,856 shares of the company's stock worth $1,127,000 after purchasing an additional 1,231 shares during the period. 99.62% of the stock is owned by institutional investors.

La-Z-Boy Stock Up 5.0%

NYSE LZB traded up $1.7420 on Friday, hitting $36.5420. The stock had a trading volume of 672,034 shares, compared to its average volume of 634,576. The company's 50-day moving average is $37.87 and its two-hundred day moving average is $39.99. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 16.69 and a beta of 1.26. La-Z-Boy Incorporated has a one year low of $31.99 and a one year high of $48.31.

La-Z-Boy (NYSE:LZB - Get Free Report) last announced its earnings results on Tuesday, August 19th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $492.23 million for the quarter, compared to the consensus estimate of $502.56 million. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The firm's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

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

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.