Vanguard Group Inc. Sells 134,073 Shares of La-Z-Boy Incorporated $LZB

Key Points

• Vanguard Group Inc. reduced its stake in La-Z-Boy Incorporated by 2.7%, now owning 4,849,695 shares worth approximately $189.58 million.
• Despite Vanguard's cut, other large investors, such as TD Private Client Wealth LLC and PFG Advisors, increased their holdings in La-Z-Boy during the same period.
• La-Z-Boy reported earnings of $0.47 per share for the latest quarter, missing expectations by $0.06, with revenue declining 0.7% year-over-year.

Vanguard Group Inc. lowered its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,849,695 shares of the company's stock after selling 134,073 shares during the quarter. Vanguard Group Inc. owned 11.75% of La-Z-Boy worth $189,575,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. LSV Asset Management grew its holdings in La-Z-Boy by 5.0% during the first quarter. LSV Asset Management now owns 1,604,462 shares of the company's stock worth $62,718,000 after buying an additional 76,925 shares in the last quarter. US Bancorp DE grew its holdings in La-Z-Boy by 334.3% during the first quarter. US Bancorp DE now owns 8,725 shares of the company's stock worth $341,000 after buying an additional 6,716 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in La-Z-Boy during the first quarter worth $201,000. Royce & Associates LP bought a new stake in La-Z-Boy during the first quarter worth $441,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in La-Z-Boy by 1.8% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 105,118 shares of the company's stock worth $4,109,000 after buying an additional 1,839 shares in the last quarter. Institutional investors own 99.62% of the company's stock.

La-Z-Boy Stock Performance

NYSE:LZB traded up $1.7420 during trading on Friday, reaching $36.5420. The company's stock had a trading volume of 672,034 shares, compared to its average volume of 634,576. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 16.69 and a beta of 1.26. The firm has a 50 day moving average of $37.87 and a 200-day moving average of $39.99. La-Z-Boy Incorporated has a 12 month low of $31.99 and a 12 month high of $48.31.

La-Z-Boy (NYSE:LZB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The business 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 firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. Equities research analysts forecast that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded 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, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $46.00.

La-Z-Boy Profile

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.