La-Z-Boy Incorporated (NYSE:LZB - Get Free Report) Director Janet Kerr sold 3,372 shares of La-Z-Boy stock in a transaction 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 completion of the sale, the director owned 3,653 shares in the company, valued at approximately $130,412.10. This represents a 48.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
La-Z-Boy Stock Down 3.7%
NYSE LZB traded down $1.30 on Friday, reaching $33.72. The company had a trading volume of 408,685 shares, compared to its average volume of 671,643. The stock has a market capitalization of $1.39 billion, a PE ratio of 15.39 and a beta of 1.23. The firm's 50 day moving average price is $37.13 and its 200 day moving average price is $39.00. 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 results 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 company 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 was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, research analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current year.
La-Z-Boy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, September 4th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 4th. La-Z-Boy's dividend payout ratio (DPR) is presently 40.18%.
Analyst Ratings Changes
LZB has been the subject of a number of recent research reports. Wall Street Zen cut shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Zacks Research cut shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $46.00.
Check Out Our Latest Analysis on LZB
Hedge Funds Weigh In On La-Z-Boy
A number of large investors have recently made changes to their positions in LZB. Allspring Global Investments Holdings LLC boosted its stake in shares of La-Z-Boy by 273.3% during the 1st 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 during the period. T. Rowe Price Investment Management Inc. boosted its position in La-Z-Boy by 68.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 881,692 shares of the company's stock valued at $34,466,000 after buying an additional 359,736 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in La-Z-Boy in the 1st quarter valued at about $10,806,000. Nuveen LLC purchased a new stake in La-Z-Boy in the 1st quarter valued at about $10,725,000. Finally, Wellington Management Group LLP boosted its position in La-Z-Boy by 321.1% in the 4th quarter. Wellington Management Group LLP now owns 311,578 shares of the company's stock valued at $13,575,000 after buying an additional 237,578 shares during the period. 99.62% of the stock is owned by hedge funds and other institutional investors.
About La-Z-Boy
(
Get 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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