La-Z-Boy (NYSE:LZB - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.
Other equities research analysts have also issued research reports about the company. Weiss Ratings reissued a "hold (c)" rating on shares of La-Z-Boy in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, La-Z-Boy has a consensus rating of "Hold" and an average target price of $46.00.
Read Our Latest Research Report on LZB
La-Z-Boy Price Performance
La-Z-Boy stock opened at $32.80 on Monday. The company's 50 day simple moving average is $34.79 and its 200 day simple moving average is $37.73. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.96 and a beta of 1.23. La-Z-Boy has a fifty-two week low of $31.42 and a fifty-two week high of $48.31.
La-Z-Boy (NYSE:LZB - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported $0.47 earnings per share (EPS) 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 business had revenue of $492.23 million during the quarter, compared to analyst estimates of $502.56 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm's revenue was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, analysts predict that La-Z-Boy will post 2.99 EPS for the current fiscal year.
Insider Activity at La-Z-Boy
In other news, Director Janet Kerr sold 3,372 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $35.70, for a total transaction of $120,380.40. Following the transaction, the director owned 3,653 shares in the company, valued at approximately $130,412.10. This trade represents a 48.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.66% of the company's stock.
Institutional Investors Weigh In On La-Z-Boy
Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of La-Z-Boy by 273.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company's stock valued at $21,262,000 after acquiring an additional 393,365 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in La-Z-Boy by 68.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 881,692 shares of the company's stock valued at $34,466,000 after purchasing an additional 359,736 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of La-Z-Boy during the 1st quarter worth approximately $10,806,000. Nuveen LLC acquired a new stake in La-Z-Boy during the first quarter worth approximately $10,725,000. Finally, Qube Research & Technologies Ltd increased its stake in La-Z-Boy by 64.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 391,470 shares of the company's stock worth $14,551,000 after acquiring an additional 153,498 shares during the period. Institutional investors and hedge funds own 99.62% of the company's stock.
La-Z-Boy Company Profile
(
Get Free Report)
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.
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