What is Sidoti's Forecast for La-Z-Boy FY2027 Earnings?

Key Points

• Sidoti cut La-Z-Boy’s FY2027 EPS forecast to $2.66 from $2.95, below the broader consensus estimate of $2.98. The firm also forecasts $0.48 EPS for Q1 FY2028 and $3.00 for FY2028.
• La-Z-Boy’s latest quarter missed expectations, with EPS of $0.43 versus $0.49 consensus and revenue of $475.7 million versus $501.4 million expected; revenue fell 3.4% year over year.
• Despite the earnings pressure, analysts maintain a “Moderate Buy” consensus with a $39 target price, while the company continues returning capital through a quarterly dividend of $0.242 per share, yielding about 2.8%.

La-Z-Boy Incorporated (NYSE:LZB - Free Report) - Analysts at Sidoti lowered their FY2027 earnings per share estimates for La-Z-Boy in a note issued to investors on Wednesday, August 19th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $2.66 for the year, down from their previous forecast of $2.95. The consensus estimate for La-Z-Boy's current full-year earnings is $2.98 per share. Sidoti also issued estimates for La-Z-Boy's Q1 2028 earnings at $0.48 EPS and FY2028 earnings at $3.00 EPS.

Several other analysts also recently weighed in on LZB. Weiss Ratings raised shares of La-Z-Boy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 1st. Wall Street Zen cut shares of La-Z-Boy from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock opened at $33.98 on Thursday. La-Z-Boy has a one year low of $29.03 and a one year high of $44.90. The company has a market cap of $1.36 billion, a P/E ratio of 17.25, a PEG ratio of 1.25 and a beta of 1.27. The firm has a fifty day moving average of $39.93 and a two-hundred day moving average of $36.89.

La-Z-Boy (NYSE:LZB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.06). The firm had revenue of $475.69 million during the quarter, compared to analysts' expectations of $501.44 million. La-Z-Boy had a net margin of 3.86% and a return on equity of 11.70%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share.

Institutional Trading of La-Z-Boy

Several hedge funds and other institutional investors have recently made changes to their positions in LZB. Royal Bank of Canada grew its position in La-Z-Boy by 11.1% during the first quarter. Royal Bank of Canada now owns 16,056 shares of the company's stock worth $628,000 after buying an additional 1,598 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of La-Z-Boy by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,836 shares of the company's stock valued at $971,000 after acquiring an additional 769 shares during the period. Norges Bank purchased a new stake in shares of La-Z-Boy during the 2nd quarter worth approximately $404,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of La-Z-Boy during the 2nd quarter worth approximately $736,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of La-Z-Boy by 290.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company's stock worth $33,000 after acquiring an additional 670 shares during the period. Institutional investors and hedge funds own 99.62% of the company's stock.

Insider Activity

In other La-Z-Boy news, SVP Michael Adam Leggett sold 9,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $41.66, for a total value of $374,940.00. Following the completion of the transaction, the senior vice president owned 47,551 shares in the company, valued at approximately $1,980,974.66. This represents a 15.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Terrence James Linz sold 2,500 shares of the firm's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $40.23, for a total value of $100,575.00. Following the completion of the sale, the insider directly owned 64,383 shares of the company's stock, valued at approximately $2,590,128.09. This trade represents a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 66,299 shares of company stock valued at $2,677,491 over the last three months. 3.12% of the stock is currently owned by corporate insiders.

La-Z-Boy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. La-Z-Boy's dividend payout ratio is currently 39.27%.

More La-Z-Boy News

Here are the key news stories impacting La-Z-Boy this week:

• Positive Sentiment: Retail remained a key bright spot: written sales increased 16%, written same-store sales rose 3%, and delivered sales grew 10%. La-Z-Boy also improved retail operating margins, added four company-owned stores, and agreed to acquire two additional independent stores. La-Z-Boy First Quarter Results
• Positive Sentiment: The company returned approximately $34.8 million to shareholders through share repurchases and dividends, while ending the quarter with $267.3 million in cash and no external debt. Its quarterly dividend is $0.242 per share, representing an annualized yield of roughly 2.8%.
• Neutral Sentiment: Management is investing in supply-chain improvements, retail expansion, and consolidating production into its U.S. network. These actions could support longer-term efficiency but may require additional spending before benefiting earnings. La-Z-Boy Q2 Outlook and Expansion Plans
• Negative Sentiment: Fiscal Q1 revenue fell 3.4% year over year to $475.7 million, below the roughly $501 million analyst expectation. Adjusted EPS of $0.43 missed the $0.49 consensus, while GAAP results showed a $2.3 million net loss, compared with a profit a year earlier. La-Z-Boy Swings to Loss
• Negative Sentiment: Wholesale sales declined 9%, and the company forecast fiscal Q2 revenue of $500 million to $520 million, below the $536.9 million consensus estimate. The cautious outlook reinforces concerns about demand normalization and delayed earnings recovery. La-Z-Boy Fiscal Q1 Results and Q2 Outlook
• Negative Sentiment: Sidoti reduced its EPS forecasts for fiscal 2027, fiscal 2028, and Q1 fiscal 2028, including cutting fiscal 2028 EPS from $3.32 to $3.00. The estimate reductions add further pressure to the stock’s earnings outlook.

About La-Z-Boy

La-Z-Boy Incorporated NYSE: LZB is a leading U.S. manufacturer and marketer of residential furniture, best known for its upholstered recliners, sofas, stationary chairs and sleeper sofas. The company offers a broad range of products in both fabric and leather, complemented by occasional tables, desks, lamps and other home furnishings through its branded retail network.

Founded in 1927 by cousins Edward Knabusch and Edwin Shoemaker in Monroe, Michigan, La-Z-Boy pioneered the modern reclining chair.

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