La-Z-Boy (NYSE:LZB) Releases 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) announced its earnings results on Tuesday. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06), Zacks reports. La-Z-Boy had a return on equity of 12.08% and a net margin of 4.72%.The firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.62 EPS. La-Z-Boy updated its Q2 2026 guidance to EPS.

La-Z-Boy Stock Up 2.1%

Shares of NYSE:LZB traded up $0.8080 during midday trading on Tuesday, reaching $39.1480. The company had a trading volume of 767,088 shares, compared to its average volume of 494,461. La-Z-Boy has a 1-year low of $34.89 and a 1-year high of $48.31. The stock has a market cap of $1.61 billion, a PE ratio of 16.59 and a beta of 1.26. The business's 50 day moving average price is $38.14 and its 200 day moving average price is $40.23.

Hedge Funds Weigh In On La-Z-Boy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in La-Z-Boy by 11.1% in the first quarter. Royal Bank of Canada now owns 16,056 shares of the company's stock valued at $628,000 after acquiring an additional 1,598 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of La-Z-Boy by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,836 shares of the company's stock valued at $971,000 after buying an additional 769 shares during the last quarter. Norges Bank acquired a new position in shares of La-Z-Boy during the 2nd quarter worth approximately $404,000. Arrowstreet Capital Limited Partnership acquired a new stake in La-Z-Boy during the 2nd quarter valued at $736,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of La-Z-Boy by 290.0% in the second 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. 99.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. KeyCorp upgraded La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 price objective on the stock in a report on Friday, April 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $44.50.

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.