La-Z-Boy Incorporated (NYSE:LZB - Get Free Report) Director Janet Kerr sold 3,372 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $35.70, for a total value of $120,380.40. Following the sale, the director directly owned 3,653 shares of the company's stock, valued at $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 this link.
La-Z-Boy Trading Down 0.2%
Shares of LZB stock traded down $0.09 on Tuesday, reaching $35.28. 476,586 shares of the company's stock were exchanged, compared to its average volume of 517,830. La-Z-Boy Incorporated has a 52 week low of $31.99 and a 52 week high of $48.31. The stock has a market capitalization of $1.45 billion, a PE ratio of 16.11 and a beta of 1.23. The company's fifty day simple moving average is $37.50 and its 200 day simple moving average is $39.26.
La-Z-Boy (NYSE:LZB - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.47 earnings per share 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 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 company's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, sell-side analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.
La-Z-Boy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. La-Z-Boy's payout ratio is 40.18%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in LZB. GAMMA Investing LLC grew its stake in La-Z-Boy by 116.9% during the 2nd quarter. GAMMA Investing LLC now owns 746 shares of the company's stock worth $28,000 after buying an additional 402 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in La-Z-Boy by 290.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company's stock worth $33,000 after acquiring an additional 670 shares during the period. Geneos Wealth Management Inc. lifted its position in La-Z-Boy by 99.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,140 shares of the company's stock worth $42,000 after acquiring an additional 567 shares during the period. TD Private Client Wealth LLC lifted its position in 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. Finally, Caitong International Asset Management Co. Ltd lifted its position in 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. 99.62% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
LZB has been the subject of a number of research analyst reports. Zacks Research lowered La-Z-Boy from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Wall Street Zen downgraded La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $46.00.
Get Our Latest Report on La-Z-Boy
La-Z-Boy Company Profile
(
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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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