William Blair Investment Management LLC Sells 54,561 Shares of La-Z-Boy Incorporated $LZB

Key Points

• William Blair Investment Management LLC has reduced its stake in La-Z-Boy Incorporated by 7.5%, selling 54,561 shares and now holding approximately 1.64% of the company, valued at $25 million.
• La-Z-Boy's recent quarterly earnings report showed an EPS of $0.47, missing analysts' estimates of $0.53, and a revenue of $492.23 million, below the expected $502.56 million.
• The company declared a quarterly dividend of $0.22 per share, resulting in a dividend yield of 2.7% with an annualized payout of $0.88.

William Blair Investment Management LLC cut its stake in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 7.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 674,602 shares of the company's stock after selling 54,561 shares during the quarter. William Blair Investment Management LLC owned approximately 1.64% of La-Z-Boy worth $25,075,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LZB. Nordea Investment Management AB increased its position in La-Z-Boy by 0.9% during the second quarter. Nordea Investment Management AB now owns 182,668 shares of the company's stock worth $6,812,000 after acquiring an additional 1,627 shares during the period. Allianz Asset Management GmbH increased its position in La-Z-Boy by 0.6% during the second quarter. Allianz Asset Management GmbH now owns 45,430 shares of the company's stock worth $1,689,000 after acquiring an additional 266 shares during the period. Ritholtz Wealth Management bought a new position in La-Z-Boy during the second quarter worth about $270,000. Vest Financial LLC increased its position in La-Z-Boy by 26.2% during the second quarter. Vest Financial LLC now owns 98,780 shares of the company's stock worth $3,672,000 after acquiring an additional 20,485 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in La-Z-Boy by 13.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 607,633 shares of the company's stock worth $23,485,000 after acquiring an additional 70,319 shares during the period. 99.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

LZB has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of La-Z-Boy in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, 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. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $46.00.

La-Z-Boy Stock Up 1.3%

Shares of La-Z-Boy stock opened at $32.18 on Monday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.69 and a beta of 1.23. La-Z-Boy Incorporated has a 12-month low of $31.42 and a 12-month high of $48.31. The firm's 50-day moving average price is $34.98 and its two-hundred day moving average price is $37.80.

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 firm had revenue of $492.23 million for the quarter, compared to analyst estimates of $502.56 million. La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The company's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, sell-side analysts expect 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 was paid on Monday, September 15th. Investors of record on Thursday, September 4th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. La-Z-Boy's payout ratio is 40.18%.

Insider Activity

In related news, Director Janet Kerr sold 3,372 shares of La-Z-Boy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $35.70, for a total transaction of $120,380.40. Following the sale, the director directly owned 3,653 shares of the company's stock, valued at approximately $130,412.10. The trade was a 48.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.66% of the company's stock.

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.

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