Northern Trust Corp trimmed its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 479,550 shares of the company's stock after selling 8,289 shares during the quarter. Northern Trust Corp owned about 1.16% of La-Z-Boy worth $18,746,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of LZB. TD Private Client Wealth LLC grew its position in La-Z-Boy by 22.8% in the 1st 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 last quarter. Caitong International Asset Management Co. Ltd boosted its holdings 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 acquiring an additional 1,382 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of La-Z-Boy during the first quarter worth about $201,000. iSAM Funds UK Ltd purchased a new position in La-Z-Boy during the fourth quarter worth about $205,000. Finally, Bridgefront Capital LLC acquired a new position in La-Z-Boy during the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 99.62% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on LZB shares. Wall Street Zen cut La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Zacks Research downgraded La-Z-Boy from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.00.
Read Our Latest Report on LZB
La-Z-Boy Trading Down 1.0%
Shares of NYSE:LZB traded down $0.36 on Wednesday, hitting $35.55. The company had a trading volume of 530,368 shares, compared to its average volume of 659,898. The company has a market cap of $1.46 billion, a PE ratio of 16.23 and a beta of 1.23. La-Z-Boy Incorporated has a 52-week low of $31.99 and a 52-week high of $48.31. The business has a 50 day moving average of $37.60 and a 200 day moving average of $39.54.
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 firm had revenue of $492.23 million during the quarter, compared to analyst estimates of $502.56 million. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, equities analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current year.
La-Z-Boy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, September 4th. La-Z-Boy's dividend payout ratio is presently 40.18%.
La-Z-Boy Profile
(
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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