Venture Visionary Partners LLC Sells 108,086 Shares of La-Z-Boy Incorporated $LZB

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 trimmed its position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 75.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,058 shares of the company's stock after selling 108,086 shares during the period. Venture Visionary Partners LLC owned approximately 0.09% of La-Z-Boy worth $1,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake 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 purchasing an additional 393,365 shares in the last quarter. Nuveen LLC purchased a new position in La-Z-Boy in the 1st quarter worth $10,725,000. Wellington Management Group LLP lifted its stake in 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 purchasing an additional 237,578 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in La-Z-Boy during the fourth quarter valued at about $4,500,000. Finally, American Century Companies Inc. lifted its stake in shares of La-Z-Boy by 8.8% in the 1st quarter. American Century Companies Inc. now owns 1,250,053 shares of the company's stock valued at $48,865,000 after acquiring an additional 100,817 shares during the last quarter. Hedge funds and other institutional investors own 99.62% of the company's stock.

Analyst Ratings Changes

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

La-Z-Boy Price Performance

NYSE LZB traded up $0.3850 during trading hours on Monday, reaching $36.9650. 246,492 shares of the company's stock traded hands, compared to its average volume of 514,253. La-Z-Boy Incorporated has a 52-week low of $31.99 and a 52-week high of $48.31. The firm has a 50-day simple moving average of $37.87 and a 200 day simple moving average of $39.94. The firm has a market cap of $1.52 billion, a PE ratio of 16.88 and a beta of 1.26.

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 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 business had revenue of $492.23 million for the quarter, compared to the consensus estimate of $502.56 million. During the same period in the prior year, the business posted $0.62 EPS. La-Z-Boy's revenue for the quarter was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. Sell-side analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal 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.