Blue Trust Inc. Acquires 2,072 Shares of La-Z-Boy Incorporated $LZB

Blue Trust Inc. raised its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 49.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,259 shares of the company’s stock after buying an additional 2,072 shares during the period. Blue Trust Inc.’s holdings in La-Z-Boy were worth $233,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LZB. Principal Financial Group Inc. lifted its position in shares of La-Z-Boy by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 229,505 shares of the company’s stock worth $8,971,000 after purchasing an additional 5,822 shares during the period. Versor Investments LP lifted its position in shares of La-Z-Boy by 148.3% in the 1st quarter. Versor Investments LP now owns 27,813 shares of the company’s stock worth $1,087,000 after purchasing an additional 16,613 shares during the period. GAMMA Investing LLC lifted its position in shares of La-Z-Boy by 6,396.1% in the 1st quarter. GAMMA Investing LLC now owns 13,447 shares of the company’s stock worth $526,000 after purchasing an additional 13,240 shares during the period. US Bancorp DE lifted its position in shares of La-Z-Boy by 334.3% in the 1st quarter. US Bancorp DE now owns 8,725 shares of the company’s stock worth $341,000 after purchasing an additional 6,716 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of La-Z-Boy by 101.4% in the 1st quarter. Intech Investment Management LLC now owns 77,806 shares of the company’s stock worth $3,041,000 after purchasing an additional 39,170 shares during the period. Hedge funds and other institutional investors own 99.62% of the company’s stock.

La-Z-Boy Stock Performance

NYSE:LZB opened at $32.49 on Wednesday. The firm has a market cap of $1.34 billion, a P/E ratio of 14.83 and a beta of 1.23. La-Z-Boy Incorporated has a fifty-two week low of $31.42 and a fifty-two week high of $48.31. The firm has a 50-day simple moving average of $35.25 and a two-hundred day simple moving average of $37.95.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $502.56 million. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The business’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 research analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 4th were paid a $0.22 dividend. The ex-dividend date 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 currently 40.18%.

Analyst Upgrades and Downgrades

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

Insider Activity at La-Z-Boy

In other news, Director Janet Kerr sold 3,372 shares of La-Z-Boy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $35.70, for a total value of $120,380.40. Following the completion of the sale, the director directly owned 3,653 shares in the company, valued at $130,412.10. The trade was a 48.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.66% of the stock is owned by corporate insiders.

La-Z-Boy 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.