Vest Financial LLC Has $3.67 Million Stake in La-Z-Boy Incorporated $LZB

Vest Financial LLC boosted its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB) by 26.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,780 shares of the company’s stock after purchasing an additional 20,485 shares during the period. Vest Financial LLC owned 0.24% of La-Z-Boy worth $3,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LZB. Allspring Global Investments Holdings LLC increased its holdings in La-Z-Boy by 273.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company’s stock valued at $21,262,000 after purchasing an additional 393,365 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 buying an additional 359,736 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of La-Z-Boy in the 1st quarter valued at $10,806,000. Nuveen LLC acquired a new stake in shares of La-Z-Boy in the 1st quarter valued at $10,725,000. Finally, American Century Companies Inc. increased its stake in shares of La-Z-Boy by 8.8% in the 1st quarter. American Century Companies Inc. now owns 1,250,053 shares of the company’s stock valued at $48,865,000 after buying an additional 100,817 shares during the period. 99.62% of the stock is owned by institutional investors and hedge funds.

La-Z-Boy Stock Up 2.2%

Shares of La-Z-Boy stock opened at $32.15 on Tuesday. La-Z-Boy Incorporated has a 12 month low of $31.42 and a 12 month high of $48.31. The business has a fifty day simple moving average of $35.32 and a 200 day simple moving average of $37.99. The stock has a market cap of $1.32 billion, a PE ratio of 14.68 and a beta of 1.23.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $502.56 million. During the same period last year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. Analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, September 4th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. La-Z-Boy’s payout ratio is 40.18%.

Analyst Ratings Changes

LZB has been the subject of several research reports. Zacks Research cut La-Z-Boy from a “hold” rating to a “strong sell” rating in a research note on Friday, August 22nd. Wall Street Zen cut La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of La-Z-Boy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

Insider Activity at La-Z-Boy

In other La-Z-Boy news, Director Janet Kerr sold 3,372 shares of La-Z-Boy stock in a transaction dated 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 directly owned 3,653 shares in the company, valued at approximately $130,412.10. The trade was a 48.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.66% of the stock is currently owned by company insiders.

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.