La-Z-Boy (NYSE:LZB) Upgraded at Sidoti

La-Z-Boy (NYSE:LZB) was upgraded by research analysts at Sidoti from a “neutral” rating to a “buy” rating in a report released on Wednesday,Benzinga reports. The brokerage currently has a $39.00 price objective on the stock, up from their previous price objective of $36.00. Sidoti’s price objective would suggest a potential upside of 31.69% from the stock’s current price.

Several other research analysts have also weighed in on the company. Weiss Ratings reaffirmed 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 note on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

La-Z-Boy Stock Up 0.9%

LZB stock opened at $29.62 on Wednesday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 13.52 and a beta of 1.26. La-Z-Boy has a 52-week low of $29.03 and a 52-week high of $48.31. The stock’s fifty day simple moving average is $32.73 and its 200-day simple moving average is $36.75.

La-Z-Boy (NYSE:LZB) last released its earnings results on Tuesday, November 18th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.17. The firm had revenue of $522.48 million for the quarter, compared to the consensus estimate of $517.63 million. La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. La-Z-Boy has set its Q3 2026 guidance at EPS. As a group, analysts anticipate that La-Z-Boy will post 2.99 earnings per share for the current fiscal year.

Insider Transactions at La-Z-Boy

In other news, Director Janet Kerr sold 3,372 shares of La-Z-Boy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $35.70, for a total transaction of $120,380.40. Following the sale, the director owned 3,653 shares in the company, valued at $130,412.10. This trade represents a 48.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morningstar Investment Management LLC purchased a new stake in La-Z-Boy during the 3rd quarter worth $1,091,000. Verity Asset Management Inc. purchased a new position in La-Z-Boy in the 3rd quarter valued at about $355,000. Millennium Management LLC grew its stake in shares of La-Z-Boy by 361.4% during the third quarter. Millennium Management LLC now owns 53,090 shares of the company’s stock valued at $1,822,000 after acquiring an additional 41,583 shares in 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, CSM Advisors LLC acquired a new position in shares of La-Z-Boy in the third quarter worth about $3,958,000. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

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.