Linden Thomas Advisory Services LLC acquired a new stake in La-Z-Boy Incorporated (NYSE:LZB – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,438 shares of the company’s stock, valued at approximately $723,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of LZB. Illinois Municipal Retirement Fund boosted its holdings in La-Z-Boy by 6.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,914 shares of the company’s stock valued at $935,000 after purchasing an additional 1,414 shares during the period. Allspring Global Investments Holdings LLC grew its position in La-Z-Boy by 273.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company’s stock worth $21,262,000 after buying an additional 393,365 shares in the last quarter. Principal Financial Group Inc. increased its stake in 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 acquiring an additional 5,822 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of La-Z-Boy by 7.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 14,944 shares of the company’s stock valued at $584,000 after acquiring an additional 1,057 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of La-Z-Boy by 22.8% during the 1st quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company’s stock valued at $53,000 after acquiring an additional 252 shares during the last quarter. Institutional investors own 99.62% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently weighed in on LZB. Zacks Research upgraded shares of La-Z-Boy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of La-Z-Boy in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.00.
Insider Transactions at La-Z-Boy
In other news, Director Janet Kerr sold 3,372 shares of the firm’s 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 of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.66% of the stock is currently owned by insiders.
La-Z-Boy Price Performance
NYSE:LZB opened at $32.71 on Monday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.94 and a beta of 1.23. The business has a 50 day moving average of $34.43 and a 200 day moving average of $37.66. La-Z-Boy Incorporated has a 1-year low of $31.42 and a 1-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 analysts’ consensus estimates of $0.53 by ($0.06). The business had revenue of $492.23 million for the quarter, compared to the consensus estimate of $502.56 million. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, sell-side analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current year.
La-Z-Boy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, September 4th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.88 annualized dividend and a yield of 2.7%. La-Z-Boy’s payout ratio is currently 40.18%.
About La-Z-Boy
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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