Nuveen LLC acquired a new position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 274,366 shares of the company's stock, valued at approximately $10,725,000. Nuveen LLC owned approximately 0.66% of La-Z-Boy at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its holdings 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 worth $53,000 after buying an additional 252 shares during the period. PFG Advisors boosted its holdings in shares of La-Z-Boy by 2.6% during the 1st quarter. PFG Advisors now owns 11,797 shares of the company's stock valued at $461,000 after purchasing an additional 298 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of La-Z-Boy by 0.8% during the 1st quarter. Allianz Asset Management GmbH now owns 45,164 shares of the company's stock valued at $1,765,000 after purchasing an additional 346 shares during the last quarter. State of Tennessee Department of Treasury boosted its holdings in shares of La-Z-Boy by 1.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 24,504 shares of the company's stock valued at $1,068,000 after purchasing an additional 359 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of La-Z-Boy by 4.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,887 shares of the company's stock valued at $605,000 after purchasing an additional 556 shares during the last quarter. Institutional investors own 99.62% of the company's stock.
La-Z-Boy Price Performance
Shares of NYSE LZB traded up $0.09 during mid-day trading on Thursday, hitting $36.95. 445,069 shares of the company's stock traded hands, compared to its average volume of 683,952. The company's 50-day moving average is $37.72 and its two-hundred day moving average is $39.79. The company has a market capitalization of $1.52 billion, a P/E ratio of 16.87 and a beta of 1.26. La-Z-Boy Incorporated has a 1 year low of $31.99 and a 1 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 (EPS) 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 analysts' expectations 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 quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. Equities analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.
La-Z-Boy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, September 4th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.88 annualized dividend and a yield of 2.4%. La-Z-Boy's dividend payout ratio (DPR) is presently 40.18%.
Analysts Set New Price Targets
Several research analysts have commented on LZB shares. Wall Street Zen downgraded shares of La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Zacks Research cut shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, La-Z-Boy presently has an average rating of "Hold" and a consensus price target of $46.00.
Read Our Latest Stock Analysis on LZB
La-Z-Boy Company Profile
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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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