La-Z-Boy (NYSE:LZB) Upgraded at KeyCorp

KeyCorp upgraded shares of La-Z-Boy (NYSE:LZB - Free Report) from a sector weight rating to an overweight rating in a research note released on Friday, MarketBeat.com reports. The firm currently has $46.00 price target on the stock. KeyCorp also issued estimates for La-Z-Boy's Q4 2025 earnings at $0.93 EPS and FY2026 earnings at $3.25 EPS.

La-Z-Boy Stock Performance

LZB stock traded down $0.36 during midday trading on Friday, reaching $39.58. The company's stock had a trading volume of 115,051 shares, compared to its average volume of 484,837. The stock has a fifty day simple moving average of $39.81 and a two-hundred day simple moving average of $42.26. La-Z-Boy has a 1 year low of $32.00 and a 1 year high of $48.31. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 13.60 and a beta of 1.31.

La-Z-Boy (NYSE:LZB - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%. The business had revenue of $521.78 million for the quarter, compared to analyst estimates of $516.47 million. As a group, analysts forecast that La-Z-Boy will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.22%. La-Z-Boy's payout ratio is 30.24%.

Hedge Funds Weigh In On La-Z-Boy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of La-Z-Boy by 244.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock worth $29,000 after buying an additional 467 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of La-Z-Boy during the 4th quarter worth $51,000. TD Private Client Wealth LLC grew its position in shares of La-Z-Boy by 22.8% during the 1st quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company's stock worth $53,000 after buying an additional 252 shares in the last quarter. Johnson Financial Group Inc. grew its position in shares of La-Z-Boy by 2,394.1% during the 4th quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company's stock worth $80,000 after buying an additional 1,628 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of La-Z-Boy during the 4th quarter worth $203,000. Institutional investors own 99.62% of the company's stock.

La-Z-Boy Company Profile

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.