Rafferty Asset Management LLC purchased a new position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,090 shares of the company's stock, valued at approximately $473,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its holdings in La-Z-Boy by 68.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 881,692 shares of the company's stock worth $34,466,000 after purchasing an additional 359,736 shares during the last quarter. Capital Fund Management S.A. bought a new position in La-Z-Boy during the 1st quarter worth approximately $1,172,000. Wellington Management Group LLP raised its holdings in La-Z-Boy by 32.1% during the 1st quarter. Wellington Management Group LLP now owns 411,748 shares of the company's stock worth $16,095,000 after purchasing an additional 100,170 shares during the last quarter. Versor Investments LP raised its holdings in La-Z-Boy by 148.3% during the 1st quarter. Versor Investments LP now owns 27,813 shares of the company's stock worth $1,087,000 after purchasing an additional 16,613 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in La-Z-Boy by 8.8% during the 1st quarter. American Century Companies Inc. now owns 1,250,053 shares of the company's stock worth $48,865,000 after purchasing an additional 100,817 shares during the last quarter. Institutional investors own 99.62% of the company's stock.
Wall Street Analyst Weigh In
LZB has been the subject of several analyst reports. Wall Street Zen lowered shares of La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Zacks Research lowered shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.00.
Read Our Latest Stock Analysis on LZB
La-Z-Boy Stock Down 3.0%
NYSE:LZB opened at $35.87 on Wednesday. The company has a fifty day moving average of $37.63 and a 200-day moving average of $39.57. The firm has a market capitalization of $1.48 billion, a P/E ratio of 16.38 and a beta of 1.23. La-Z-Boy Incorporated has a twelve month low of $31.99 and a twelve month high of $48.31.
La-Z-Boy (NYSE:LZB - Get Free Report) last released its quarterly earnings data 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 company had revenue of $492.23 million during 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 business's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.
La-Z-Boy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, September 4th. La-Z-Boy's payout ratio is 40.18%.
La-Z-Boy 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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