La-Z-Boy Incorporated (NYSE:LZB) Declares $0.22 Quarterly Dividend

Key Points

• La-Z-Boy Incorporated has declared a quarterly dividend of $0.22 per share, which translates to an annualized dividend yield of 2.4%. The payment will be made to stockholders of record on September 4th.
• The company reported $492.23 million in revenue for the last quarter, falling short of expectations, and earnings per share were $0.47, missing estimates by $0.06.
• La-Z-Boy has a payout ratio of 24.5%, indicating that the dividend is well-supported by its earnings, with expected earnings of $3.35 per share for the next year.

La-Z-Boy Incorporated (NYSE:LZB - Get Free Report) announced a quarterly dividend on Monday, August 25th, RTT News reports. Stockholders of record on Thursday, September 4th will be paid a dividend of 0.22 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%.

La-Z-Boy has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect La-Z-Boy to earn $3.35 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 26.3%.

La-Z-Boy Price Performance

NYSE:LZB traded up $0.06 during mid-day trading on Monday, hitting $36.64. The company's stock had a trading volume of 747,285 shares, compared to its average volume of 651,386. The business's fifty day moving average is $37.82 and its two-hundred day moving average is $39.89. La-Z-Boy has a 1 year low of $31.99 and a 1 year high of $48.31. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 16.73 and a beta of 1.26.

La-Z-Boy (NYSE:LZB - Get Free Report) last posted its 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). La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The firm had revenue of $492.23 million for the quarter, compared to analysts' expectations of $502.56 million. During the same period in the previous year, the company earned $0.62 earnings per share. The company's revenue was down .7% compared to the same quarter last year. La-Z-Boy has set its Q2 2026 guidance at EPS. Analysts anticipate that La-Z-Boy will post 2.99 EPS for the current fiscal year.

Institutional Trading of La-Z-Boy

Several hedge funds and other institutional investors have recently made changes to their positions in LZB. GAMMA Investing LLC boosted its holdings in La-Z-Boy by 116.9% during the second quarter. GAMMA Investing LLC now owns 746 shares of the company's stock worth $28,000 after buying an additional 402 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in La-Z-Boy by 290.0% during the second quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company's stock worth $33,000 after buying an additional 670 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in La-Z-Boy by 99.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,140 shares of the company's stock worth $42,000 after buying an additional 567 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of La-Z-Boy by 22.8% in the first quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company's stock valued at $53,000 after purchasing an additional 252 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of La-Z-Boy by 317.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company's stock valued at $71,000 after purchasing an additional 1,382 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company's stock.

La-Z-Boy Company 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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