Russell Investments Group Ltd. raised its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 54.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,841 shares of the company's stock after buying an additional 20,749 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of La-Z-Boy worth $2,300,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LZB. Envestnet Asset Management Inc. grew its holdings in La-Z-Boy by 4.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,887 shares of the company's stock valued at $605,000 after buying an additional 556 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in La-Z-Boy in the 4th quarter valued at approximately $619,000. Barclays PLC grew its holdings in La-Z-Boy by 8.1% in the 4th quarter. Barclays PLC now owns 81,318 shares of the company's stock valued at $3,543,000 after buying an additional 6,062 shares during the last quarter. MetLife Investment Management LLC grew its holdings in La-Z-Boy by 5.0% in the 4th quarter. MetLife Investment Management LLC now owns 25,856 shares of the company's stock valued at $1,127,000 after buying an additional 1,231 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in La-Z-Boy by 1.5% in 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 buying an additional 359 shares during the last quarter. Institutional investors and hedge funds own 99.62% of the company's stock.
La-Z-Boy Trading Down 0.0%
LZB stock traded down $0.00 during trading on Friday, hitting $36.96. The company had a trading volume of 293,861 shares, compared to its average volume of 675,769. The company has a fifty day moving average price of $37.70 and a two-hundred day moving average price of $39.65. The company has a market cap of $1.52 billion, a P/E ratio of 16.88 and a beta of 1.23. La-Z-Boy Incorporated has a fifty-two week low of $31.99 and a fifty-two week high of $48.31.
La-Z-Boy (NYSE:LZB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.47 EPS 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 analyst estimates of $502.56 million. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. La-Z-Boy's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.
La-Z-Boy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 payout ratio is currently 40.18%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on LZB shares. Wall Street Zen lowered La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Zacks Research lowered 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 given a Sell rating to the company's stock. Based on data from MarketBeat, La-Z-Boy presently has an average rating of "Hold" and an average target price of $46.00.
Read Our Latest Stock Report on La-Z-Boy
About La-Z-Boy
(
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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