La-Z-Boy Incorporated (NYSE:LZB – Free Report) – Analysts at Sidoti reduced their FY2027 EPS estimates for shares of La-Z-Boy in a research report issued to clients and investors on Wednesday, August 19th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings of $2.66 per share for the year, down from their previous forecast of $2.95. The consensus estimate for La-Z-Boy’s current full-year earnings is $2.98 per share. Sidoti also issued estimates for La-Z-Boy’s Q1 2028 earnings at $0.48 EPS and FY2028 earnings at $3.00 EPS.
La-Z-Boy (NYSE:LZB – Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). La-Z-Boy had a net margin of 3.86% and a return on equity of 11.70%. The business had revenue of $475.69 million during the quarter, compared to analyst estimates of $501.44 million. During the same period in the previous year, the company posted $0.47 earnings per share. La-Z-Boy’s revenue was down 3.4% on a year-over-year basis.
Read Our Latest Analysis on LZB
La-Z-Boy Trading Down 16.8%
Shares of LZB opened at $33.98 on Thursday. La-Z-Boy has a 12-month low of $29.03 and a 12-month high of $44.90. The stock has a market cap of $1.36 billion, a P/E ratio of 17.25, a PEG ratio of 1.25 and a beta of 1.27. The company has a 50-day moving average of $39.93 and a two-hundred day moving average of $36.89.
Institutional Trading of La-Z-Boy
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of La-Z-Boy during the second quarter worth $265,535,000. Vanguard Group Inc. lifted its position in La-Z-Boy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 4,814,114 shares of the company’s stock worth $179,422,000 after buying an additional 38,513 shares during the period. Dimensional Fund Advisors LP lifted its position in La-Z-Boy by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,694,255 shares of the company’s stock worth $86,594,000 after buying an additional 38,870 shares during the period. Franklin Resources Inc. boosted its stake in La-Z-Boy by 24.0% in the 4th quarter. Franklin Resources Inc. now owns 1,851,873 shares of the company’s stock worth $69,019,000 after buying an additional 358,945 shares during the last quarter. Finally, LSV Asset Management grew its holdings in La-Z-Boy by 0.8% in the 4th quarter. LSV Asset Management now owns 1,476,882 shares of the company’s stock valued at $55,043,000 after buying an additional 11,983 shares during the period. Institutional investors and hedge funds own 99.62% of the company’s stock.
Insider Transactions at La-Z-Boy
In other La-Z-Boy news, CEO Melinda D. Whittington sold 26,639 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $40.24, for a total transaction of $1,071,953.36. Following the sale, the chief executive officer directly owned 316,038 shares of the company’s stock, valued at $12,717,369.12. This trade represents a 7.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael Adam Leggett sold 9,000 shares of La-Z-Boy stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $41.66, for a total transaction of $374,940.00. Following the sale, the senior vice president owned 47,551 shares of the company’s stock, valued at approximately $1,980,974.66. This trade represents a 15.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 66,299 shares of company stock worth $2,677,491 in the last ninety days. Company insiders own 3.12% of the company’s stock.
La-Z-Boy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd will be paid a $0.242 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.97 annualized dividend and a yield of 2.8%. La-Z-Boy’s payout ratio is presently 39.27%.
More La-Z-Boy News
Here are the key news stories impacting La-Z-Boy this week:
- Positive Sentiment: Retail remained a key bright spot: written sales increased 16%, written same-store sales rose 3%, and delivered sales grew 10%. La-Z-Boy also improved retail operating margins, added four company-owned stores, and agreed to acquire two additional independent stores. La-Z-Boy First Quarter Results
- Positive Sentiment: The company returned approximately $34.8 million to shareholders through share repurchases and dividends, while ending the quarter with $267.3 million in cash and no external debt. Its quarterly dividend is $0.242 per share, representing an annualized yield of roughly 2.8%.
- Neutral Sentiment: Management is investing in supply-chain improvements, retail expansion, and consolidating production into its U.S. network. These actions could support longer-term efficiency but may require additional spending before benefiting earnings. La-Z-Boy Q2 Outlook and Expansion Plans
- Negative Sentiment: Fiscal Q1 revenue fell 3.4% year over year to $475.7 million, below the roughly $501 million analyst expectation. Adjusted EPS of $0.43 missed the $0.49 consensus, while GAAP results showed a $2.3 million net loss, compared with a profit a year earlier. La-Z-Boy Swings to Loss
- Negative Sentiment: Wholesale sales declined 9%, and the company forecast fiscal Q2 revenue of $500 million to $520 million, below the $536.9 million consensus estimate. The cautious outlook reinforces concerns about demand normalization and delayed earnings recovery. La-Z-Boy Fiscal Q1 Results and Q2 Outlook
- Negative Sentiment: Sidoti reduced its EPS forecasts for fiscal 2027, fiscal 2028, and Q1 fiscal 2028, including cutting fiscal 2028 EPS from $3.32 to $3.00. The estimate reductions add further pressure to the stock’s earnings outlook.
La-Z-Boy Company Profile
La-Z-Boy Incorporated (NYSE: LZB) is a leading U.S. manufacturer and marketer of residential furniture, best known for its upholstered recliners, sofas, stationary chairs and sleeper sofas. The company offers a broad range of products in both fabric and leather, complemented by occasional tables, desks, lamps and other home furnishings through its branded retail network.
Founded in 1927 by cousins Edward Knabusch and Edwin Shoemaker in Monroe, Michigan, La-Z-Boy pioneered the modern reclining chair.
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