La-Z-Boy (NYSE:LZB) Announces Earnings Results, Misses Expectations By $0.01 EPS

La-Z-Boy (NYSE:LZB - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.01), RTT News reports. La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%. La-Z-Boy's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. La-Z-Boy updated its Q1 2026 guidance to EPS.

La-Z-Boy Stock Performance

NYSE:LZB traded down $0.17 during trading hours on Tuesday, reaching $38.75. The company's stock had a trading volume of 1,102,397 shares, compared to its average volume of 491,957. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 13.15 and a beta of 1.31. The firm has a 50-day simple moving average of $40.62 and a 200-day simple moving average of $42.29. La-Z-Boy has a 1 year low of $33.34 and a 1 year high of $48.31.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, June 3rd were issued a $0.22 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.27%. La-Z-Boy's payout ratio is 30.24%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in La-Z-Boy stock. Royal Bank of Canada boosted its stake in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 11.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,056 shares of the company's stock after purchasing an additional 1,598 shares during the period. Royal Bank of Canada's holdings in La-Z-Boy were worth $628,000 at the end of the most recent reporting period. 99.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of La-Z-Boy from a "hold" rating to a "buy" rating in a research note on Saturday. KeyCorp raised shares of La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 price objective for the company in a report on Friday, April 25th.

About La-Z-Boy

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.