Systematic Financial Management LP reduced its position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 537,780 shares of the company's stock after selling 48,327 shares during the quarter. Systematic Financial Management LP owned 1.30% of La-Z-Boy worth $21,022,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of LZB. LSV Asset Management raised its position in shares of La-Z-Boy by 5.0% during the first quarter. LSV Asset Management now owns 1,604,462 shares of the company's stock valued at $62,718,000 after buying an additional 76,925 shares during the last quarter. American Century Companies Inc. raised its position in shares of La-Z-Boy by 8.8% during the first quarter. American Century Companies Inc. now owns 1,250,053 shares of the company's stock valued at $48,865,000 after buying an additional 100,817 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in La-Z-Boy by 68.9% in the first 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 in the last quarter. Allspring Global Investments Holdings LLC raised its position in La-Z-Boy by 273.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company's stock worth $21,262,000 after purchasing an additional 393,365 shares in the last quarter. Finally, Northern Trust Corp raised its position in La-Z-Boy by 10.7% in the fourth quarter. Northern Trust Corp now owns 487,839 shares of the company's stock worth $21,255,000 after purchasing an additional 46,975 shares in the last quarter. 99.62% of the stock is currently owned by hedge funds and other institutional investors.
La-Z-Boy Stock Down 0.4%
Shares of NYSE:LZB traded down $0.17 during midday trading on Thursday, reaching $36.70. 129,453 shares of the company were exchanged, compared to its average volume of 515,764. La-Z-Boy Incorporated has a fifty-two week low of $31.99 and a fifty-two week high of $48.31. The stock has a fifty day simple moving average of $37.75 and a two-hundred day simple moving average of $39.84. The firm has a market cap of $1.51 billion, a PE ratio of 16.77 and a beta of 1.26.
La-Z-Boy (NYSE:LZB - Get Free Report) last issued its quarterly 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). La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The business had revenue of $492.23 million during the quarter, compared to analyst estimates of $502.56 million. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The firm's quarterly revenue was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, analysts forecast that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.
La-Z-Boy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, September 4th will be issued a $0.22 dividend. 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 is currently 40.18%.
Analysts Set New Price Targets
Several research analysts recently issued reports on LZB shares. Zacks Research lowered 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 lowered shares of La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $46.00.
View Our Latest Research Report 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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