La-Z-Boy (NYSE:LZB) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

La-Z-Boy (NYSE:LZB) announced its earnings results on Tuesday. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17, Zacks reports. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The business had revenue of $522.48 million for the quarter, compared to the consensus estimate of $517.63 million. During the same period last year, the firm posted $0.71 earnings per share. La-Z-Boy’s quarterly revenue was up .3% on a year-over-year basis. La-Z-Boy updated its Q3 2026 guidance to EPS.

La-Z-Boy Trading Up 20.4%

NYSE LZB opened at $35.62 on Thursday. The firm has a market cap of $1.47 billion, a PE ratio of 16.26 and a beta of 1.26. La-Z-Boy has a 1-year low of $29.03 and a 1-year high of $48.31. The stock has a 50-day moving average of $32.75 and a 200-day moving average of $36.74.

La-Z-Boy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Thursday, December 4th will be issued a $0.242 dividend. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.22. This represents a $0.97 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, December 4th. La-Z-Boy’s dividend payout ratio (DPR) is presently 40.18%.

Insider Buying and Selling

In other La-Z-Boy news, Director Janet Kerr sold 3,372 shares of the business’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 completion of the sale, the director owned 3,653 shares in the company, valued at approximately $130,412.10. The trade was a 48.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in La-Z-Boy by 290.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 670 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of La-Z-Boy by 99.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,140 shares of the company’s stock valued at $42,000 after acquiring an additional 567 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of La-Z-Boy by 314.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,461 shares of the company’s stock valued at $166,000 after acquiring an additional 3,384 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of La-Z-Boy during the third quarter worth about $266,000. Finally, BNP Paribas Financial Markets grew its stake in shares of La-Z-Boy by 141.5% in the second quarter. BNP Paribas Financial Markets now owns 7,956 shares of the company’s stock worth $296,000 after purchasing an additional 4,662 shares during the last quarter. Institutional investors own 99.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LZB shares. Weiss Ratings restated a “hold (c)” rating on shares of La-Z-Boy in a research report on Wednesday, October 8th. Zacks Research upgraded La-Z-Boy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Sidoti upgraded La-Z-Boy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $39.00 in a report on Wednesday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, La-Z-Boy currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

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.