La-Z-Boy (NYSE:LZB - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of La-Z-Boy from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Wall Street Zen cut shares of 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, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $46.00.
Get Our Latest Report on LZB
La-Z-Boy Stock Performance
Shares of NYSE LZB opened at $33.02 on Wednesday. The firm has a market cap of $1.36 billion, a PE ratio of 15.08 and a beta of 1.23. The firm has a fifty day moving average of $35.55 and a 200 day moving average of $38.17. La-Z-Boy has a one year low of $31.99 and a one year high of $48.31.
La-Z-Boy (NYSE:LZB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The company reported $0.47 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 company had revenue of $492.23 million during the quarter, compared to analysts' expectations of $502.56 million. During the same period in the previous year, the firm posted $0.62 EPS. La-Z-Boy's revenue was down .7% compared to the same quarter last year. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, equities analysts predict that La-Z-Boy will post 2.99 EPS for the current fiscal year.
Insider Buying and Selling at La-Z-Boy
In related news, Director Janet Kerr sold 3,372 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $35.70, for a total value of $120,380.40. Following the sale, the director directly owned 3,653 shares in the company, valued at approximately $130,412.10. The trade was a 48.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.66% of the company's stock.
Institutional Trading of La-Z-Boy
Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in La-Z-Boy by 116.9% in the 2nd quarter. GAMMA Investing LLC now owns 746 shares of the company's stock valued at $28,000 after buying an additional 402 shares during the period. EverSource Wealth Advisors LLC raised its holdings in La-Z-Boy by 290.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company's stock valued at $33,000 after buying an additional 670 shares during the period. Geneos Wealth Management Inc. raised its holdings in La-Z-Boy by 99.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,140 shares of the company's stock valued at $42,000 after buying an additional 567 shares during the period. TD Private Client Wealth LLC raised its holdings in La-Z-Boy by 22.8% in the 1st quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company's stock valued at $53,000 after buying an additional 252 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in La-Z-Boy by 317.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company's stock valued at $71,000 after buying an additional 1,382 shares during the period. 99.62% of the stock is currently owned by hedge funds and other institutional investors.
About La-Z-Boy
(
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.
Further Reading
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