La-Z-Boy (NYSE:LZB) Issues Quarterly Earnings Results

Key Points

• La-Z-Boy reported earnings of $0.47 EPS, missing analysts' estimates of $0.60 EPS by $0.13.
• The company has a net margin of 4.72%, and its stock is currently trading at $39.15 with a market cap of $1.61 billion.
• Analysts have mixed ratings on La-Z-Boy, with a consensus target price of $44.50, and one firm recently upgraded the stock to "overweight".

La-Z-Boy (NYSE:LZB - Get Free Report) posted its earnings results on Tuesday. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06), Zacks reports. La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The business had revenue of $492.23 million during the quarter, compared to the consensus estimate of $502.56 million. During the same quarter last year, the firm earned $0.62 earnings per share. The business's quarterly revenue was down .7% on a year-over-year basis. La-Z-Boy updated its Q2 2026 guidance to EPS.

La-Z-Boy Stock Up 5.0%

NYSE:LZB traded up $1.7420 during mid-day trading on Friday, hitting $36.5420. 672,034 shares of the stock traded hands, compared to its average volume of 634,576. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 16.69 and a beta of 1.26. La-Z-Boy has a 52 week low of $31.99 and a 52 week high of $48.31. The firm's 50 day moving average is $37.87 and its two-hundred day moving average is $39.99.

Hedge Funds Weigh In On La-Z-Boy

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in La-Z-Boy by 290.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company's stock valued at $33,000 after purchasing an additional 670 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in La-Z-Boy by 99.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,140 shares of the company's stock valued at $42,000 after purchasing an additional 567 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in La-Z-Boy by 314.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,461 shares of the company's stock valued at $166,000 after buying an additional 3,384 shares during the period. BNP Paribas Financial Markets boosted its position in La-Z-Boy by 141.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,956 shares of the company's stock valued at $296,000 after buying an additional 4,662 shares during the period. Finally, Norges Bank purchased a new stake in La-Z-Boy in the 2nd quarter valued at about $404,000. 99.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.