T. Rowe Price Investment Management Inc. grew its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 68.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 881,692 shares of the company's stock after purchasing an additional 359,736 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 2.14% of La-Z-Boy worth $34,466,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in LZB. 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 acquiring an additional 252 shares during the period. Johnson Financial Group Inc. boosted its stake in shares of La-Z-Boy by 2,394.1% during the 4th quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company's stock worth $80,000 after acquiring an additional 1,628 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of La-Z-Boy by 317.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company's stock worth $71,000 after acquiring an additional 1,382 shares during the period. Bank of Montreal Can bought a new position in shares of La-Z-Boy during the 4th quarter worth approximately $203,000. Finally, iSAM Funds UK Ltd bought a new position in shares of La-Z-Boy during the 4th quarter worth approximately $205,000. Institutional investors and hedge funds own 99.62% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded La-Z-Boy from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, La-Z-Boy presently has a consensus rating of "Buy" and an average target price of $46.00.
Read Our Latest Stock Report on La-Z-Boy
La-Z-Boy Price Performance
LZB opened at $36.5420 on Friday. The business has a fifty day simple moving average of $37.87 and a 200 day simple moving average of $39.99. The company has a market capitalization of $1.51 billion, a PE ratio of 16.69 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 released 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). The firm 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 for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $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 earnings per share for the current fiscal year.
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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