Access Investment Management LLC Makes New Investment in La-Z-Boy Incorporated $LZB

Access Investment Management LLC bought a new position in shares of La-Z-Boy Incorporated (NYSE:LZB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,020 shares of the company’s stock, valued at approximately $3,346,000. Access Investment Management LLC owned 0.22% of La-Z-Boy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its stake in shares of 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 purchasing an additional 252 shares during the last quarter. Allianz Asset Management GmbH raised its position in La-Z-Boy by 0.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 45,430 shares of the company’s stock worth $1,689,000 after buying an additional 266 shares during the last quarter. PFG Advisors raised its holdings in La-Z-Boy by 2.6% during the first quarter. PFG Advisors now owns 11,797 shares of the company’s stock worth $461,000 after purchasing an additional 298 shares in the last quarter. Bank of Montreal Can boosted its holdings in La-Z-Boy by 4.8% in the 2nd quarter. Bank of Montreal Can now owns 6,564 shares of the company’s stock valued at $244,000 after purchasing an additional 300 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of La-Z-Boy by 116.9% in the second quarter. GAMMA Investing LLC now owns 746 shares of the company’s stock valued at $28,000 after buying an additional 402 shares in the last quarter. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Stock Down 1.6%

NYSE LZB opened at $31.69 on Monday. La-Z-Boy Incorporated has a fifty-two week low of $31.42 and a fifty-two week high of $48.31. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 14.47 and a beta of 1.23. The business has a fifty day moving average of $34.01 and a 200-day moving average of $37.44.

La-Z-Boy (NYSE:LZB) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The firm had revenue of $492.23 million during the quarter, compared to analyst estimates of $502.56 million. During the same period in the prior year, the firm earned $0.62 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, September 4th. La-Z-Boy’s dividend payout ratio is presently 40.18%.

Analysts Set New Price Targets

A number of research firms have commented on LZB. Weiss Ratings reissued a “hold (c)” rating on shares of La-Z-Boy in a report on Wednesday, October 8th. 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. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.00.

Insider Buying and Selling at La-Z-Boy

In related news, Director Janet Kerr sold 3,372 shares of the firm’s 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.66% of the stock is currently owned by 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.