Russell Investments Group Ltd. grew its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 54.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,841 shares of the company's stock after buying an additional 20,749 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of La-Z-Boy worth $2,300,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC boosted its stake in shares of La-Z-Boy by 22.8% during the 1st quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company's stock worth $53,000 after purchasing an additional 252 shares during the period. Johnson Financial Group Inc. raised its holdings in shares of La-Z-Boy by 2,394.1% in the 4th quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company's stock valued at $80,000 after purchasing an additional 1,628 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of La-Z-Boy in the 4th quarter valued at about $205,000. Bridgefront Capital LLC bought a new stake in shares of La-Z-Boy in the 4th quarter valued at about $214,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of La-Z-Boy in the 1st quarter valued at about $201,000. 99.62% of the stock is owned by hedge funds and other institutional investors.
La-Z-Boy Stock Performance
Shares of LZB traded down $0.00 during trading hours on Friday, hitting $36.96. The stock had a trading volume of 293,861 shares, compared to its average volume of 516,397. The firm has a 50-day moving average price of $37.72 and a 200 day moving average price of $39.79. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 16.88 and a beta of 1.26. 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 posted its quarterly earnings data 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 company 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 business's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.
La-Z-Boy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 4th. La-Z-Boy's dividend payout ratio (DPR) is presently 40.18%.
Wall Street Analysts Forecast Growth
LZB has been the topic of a number of analyst reports. Zacks Research downgraded shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Wall Street Zen downgraded shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, La-Z-Boy currently has a consensus rating of "Hold" and an average price target of $46.00.
Check Out Our Latest Analysis on LZB
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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