La-Z-Boy (NYSE:LZB) Reaches New 52-Week Low – Here’s What Happened

La-Z-Boy Incorporated (NYSE:LZB) reached a new 52-week low during trading on Monday . The stock traded as low as $29.93 and last traded at $30.4010, with a volume of 616642 shares trading hands. The stock had previously closed at $30.81.

Analyst Ratings Changes

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

La-Z-Boy Price Performance

The stock has a 50 day simple moving average of $32.96 and a two-hundred day simple moving average of $36.91. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 13.75 and a beta of 1.26.

La-Z-Boy (NYSE:LZB) last posted its quarterly 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 company had revenue of $492.23 million for the quarter, compared to analysts’ expectations of $502.56 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s revenue was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, research analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

The company also recently declared 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. The ex-dividend date was Thursday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. La-Z-Boy’s dividend payout ratio (DPR) is currently 40.18%.

Insider Activity at La-Z-Boy

In related news, Director Janet Kerr sold 3,372 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $35.70, for a total value of $120,380.40. Following the transaction, the director directly owned 3,653 shares in the company, valued at approximately $130,412.10. This represents a 48.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.66% of the company’s stock.

Institutional Investors Weigh In On La-Z-Boy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versor Investments LP raised its position in La-Z-Boy by 148.3% in the first quarter. Versor Investments LP now owns 27,813 shares of the company’s stock valued at $1,087,000 after purchasing an additional 16,613 shares during the period. US Bancorp DE increased its position in shares of La-Z-Boy by 334.3% during 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 last quarter. Intech Investment Management LLC increased its position in shares of La-Z-Boy by 101.4% during 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 last quarter. Victory Capital Management Inc. raised its holdings in La-Z-Boy by 79.0% in the 1st quarter. Victory Capital Management Inc. now owns 79,515 shares of the company’s stock valued at $3,108,000 after buying an additional 35,103 shares during the period. Finally, Nordea Investment Management AB lifted its position in La-Z-Boy by 0.9% in the second quarter. Nordea Investment Management AB now owns 182,668 shares of the company’s stock valued at $6,812,000 after buying an additional 1,627 shares during the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.

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.