Campbell & CO Investment Adviser LLC Purchases Shares of 22,868 La-Z-Boy Incorporated $LZB

Campbell & CO Investment Adviser LLC acquired a new position in shares of La-Z-Boy Incorporated (NYSE:LZB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,868 shares of the company’s stock, valued at approximately $850,000. Campbell & CO Investment Adviser LLC owned 0.06% of La-Z-Boy at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allianz Asset Management GmbH lifted its stake in La-Z-Boy by 0.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 45,430 shares of the company’s stock valued at $1,689,000 after acquiring an additional 266 shares in the last quarter. PFG Advisors raised its holdings in shares of La-Z-Boy by 2.6% in the first quarter. PFG Advisors now owns 11,797 shares of the company’s stock valued at $461,000 after purchasing an additional 298 shares during the last quarter. Bank of Montreal Can lifted its position in shares of La-Z-Boy by 4.8% in the second quarter. Bank of Montreal Can now owns 6,564 shares of the company’s stock worth $244,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC lifted its position 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 worth $28,000 after purchasing an additional 402 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in La-Z-Boy by 3.4% during the second quarter. Hantz Financial Services Inc. now owns 12,592 shares of the company’s stock worth $468,000 after purchasing an additional 412 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Janet Kerr sold 3,372 shares of La-Z-Boy stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $35.70, for a total transaction of $120,380.40. Following the completion of the sale, the director owned 3,653 shares of the company’s stock, valued at approximately $130,412.10. The trade was a 48.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.66% of the company’s stock.

La-Z-Boy Stock Down 1.1%

NYSE:LZB opened at $30.76 on Friday. The stock’s 50 day moving average price is $33.08 and its two-hundred day moving average price is $37.01. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 14.05 and a beta of 1.26. La-Z-Boy Incorporated has a 12-month low of $30.72 and a 12-month high of $48.31.

La-Z-Boy (NYSE:LZB) last issued its earnings results on Tuesday, August 19th. The company reported $0.47 EPS for the quarter, missing the consensus estimate 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 business had revenue of $492.23 million for the quarter, compared to the consensus estimate of $502.56 million. During the same quarter in the prior year, the firm posted $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. Equities research analysts expect 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 given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. La-Z-Boy’s dividend payout ratio is presently 40.18%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of La-Z-Boy in a research note on Wednesday, October 8th. Zacks Research upgraded La-Z-Boy from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, La-Z-Boy currently has an average rating of “Hold” and an average price target of $46.00.

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.