La-Z-Boy (NYSE:LZB) Reaches New 1-Year Low After Earnings Miss

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 during mid-day trading on Wednesday after the company announced weaker than expected quarterly earnings. The company traded as low as $31.99 and last traded at $34.43, with a volume of 553347 shares. The stock had previously closed at $39.11.

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 the consensus estimate of $502.56 million. During the same period last year, the firm earned $0.62 EPS. The company'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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered La-Z-Boy from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, La-Z-Boy has a consensus rating of "Buy" and a consensus price target of $46.00.

Institutional Investors Weigh In On La-Z-Boy

A number of hedge funds and other institutional investors have recently modified their holdings of LZB. Envestnet Asset Management Inc. lifted its stake in shares of La-Z-Boy by 4.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,887 shares of the company's stock valued at $605,000 after acquiring an additional 556 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of La-Z-Boy in the 4th quarter valued at about $619,000. Barclays PLC lifted its stake in shares of La-Z-Boy by 8.1% in the 4th quarter. Barclays PLC now owns 81,318 shares of the company's stock valued at $3,543,000 after acquiring an additional 6,062 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of La-Z-Boy by 5.0% in the 4th quarter. MetLife Investment Management LLC now owns 25,856 shares of the company's stock valued at $1,127,000 after acquiring an additional 1,231 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in La-Z-Boy by 1.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 24,504 shares of the company's stock valued at $1,068,000 after purchasing an additional 359 shares during the period. Institutional investors own 99.62% of the company's stock.

La-Z-Boy Trading Up 0.5%

The company has a market cap of $1.52 billion, a PE ratio of 16.79 and a beta of 1.26. The business has a fifty day moving average of $37.87 and a 200-day moving average of $39.94.

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.