La-Z-Boy (NYSE:LZB) Sets New 12-Month Low on Disappointing Earnings

Key Points

• La-Z-Boy's stock reached a new 52-week low at $31.99, following disappointing earnings that missed analysts' expectations.
• The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 and showing a year-over-year revenue decline of 0.7%.
• Analysts have mixed views on La-Z-Boy, with one upgrading the stock to an "overweight" rating and another downgrading it to "hold," resulting in a consensus rating of "Moderate Buy".

Shares of La-Z-Boy Incorporated (NYSE:LZB - Get Free Report) reached a new 52-week low on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $31.99 and last traded at $34.43, with a volume of 553347 shares changing hands. The stock had previously closed at $39.11.

The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The company had revenue of $492.23 million during the quarter, compared to the consensus estimate of $502.56 million. During the same period last year, the company earned $0.62 earnings per share. La-Z-Boy's revenue for the quarter was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of La-Z-Boy from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $46.00.

Institutional Investors Weigh In On La-Z-Boy

Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of La-Z-Boy by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 229,505 shares of the company's stock worth $8,971,000 after purchasing an additional 5,822 shares in the last quarter. Versor Investments LP increased its position in shares of La-Z-Boy by 148.3% during the 1st quarter. Versor Investments LP now owns 27,813 shares of the company's stock worth $1,087,000 after purchasing an additional 16,613 shares in the last quarter. Deutsche Bank AG increased its position in shares of La-Z-Boy by 48.5% during the 4th quarter. Deutsche Bank AG now owns 35,590 shares of the company's stock worth $1,551,000 after purchasing an additional 11,622 shares in the last quarter. GAMMA Investing LLC increased its position in shares of La-Z-Boy by 6,396.1% during the 1st quarter. GAMMA Investing LLC now owns 13,447 shares of the company's stock worth $526,000 after purchasing an additional 13,240 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of La-Z-Boy by 334.3% during the 1st quarter. US Bancorp DE now owns 8,725 shares of the company's stock worth $341,000 after purchasing an additional 6,716 shares in the last quarter. Institutional investors and hedge funds own 99.62% of the company's stock.

La-Z-Boy Stock Performance

The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 16.69 and a beta of 1.26. The business's 50-day moving average is $37.87 and its 200-day moving average is $39.99.

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.