La-Z-Boy (NYSE:LZB - Get Free Report) posted its earnings results on Tuesday. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.01), RTT News reports. The company had revenue of $570.87 million for the quarter, compared to the consensus estimate of $557.44 million. La-Z-Boy had a return on equity of 8.18% and a net margin of 5.92%. La-Z-Boy's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. La-Z-Boy updated its Q1 2026 guidance to EPS.
La-Z-Boy Stock Performance
LZB traded down $0.23 during mid-day trading on Friday, reaching $38.05. The stock had a trading volume of 446,062 shares, compared to its average volume of 483,394. The firm's fifty day simple moving average is $40.60 and its two-hundred day simple moving average is $42.18. The stock has a market capitalization of $1.56 billion, a P/E ratio of 19.21 and a beta of 1.31. La-Z-Boy has a 52 week low of $35.18 and a 52 week high of $48.31.
La-Z-Boy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.31%. The ex-dividend date was Tuesday, June 3rd. La-Z-Boy's dividend payout ratio is 30.24%.
Hedge Funds Weigh In On La-Z-Boy
An institutional investor recently raised its position in La-Z-Boy stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 3.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,836 shares of the company's stock after purchasing an additional 769 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of La-Z-Boy worth $971,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 99.62% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on LZB shares. KeyCorp raised La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 price objective on the stock in a research note on Friday, April 25th. Wall Street Zen upgraded shares of La-Z-Boy from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th.
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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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