30,332 Shares in La-Z-Boy Incorporated $LZB Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in La-Z-Boy Incorporated (NYSE:LZB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,332 shares of the company’s stock, valued at approximately $1,127,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its position in shares of La-Z-Boy by 0.6% in the second quarter. Allianz Asset Management GmbH now owns 45,430 shares of the company’s stock valued at $1,689,000 after buying an additional 266 shares during the last quarter. PFG Advisors grew its stake in La-Z-Boy by 2.6% during the 1st quarter. PFG Advisors now owns 11,797 shares of the company’s stock valued at $461,000 after acquiring an additional 298 shares in the last quarter. Bank of Montreal Can raised its holdings in La-Z-Boy by 4.8% in the 2nd quarter. Bank of Montreal Can now owns 6,564 shares of the company’s stock valued at $244,000 after acquiring an additional 300 shares during the last quarter. GAMMA Investing LLC lifted its stake in La-Z-Boy by 116.9% in the 2nd 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 shares of La-Z-Boy by 3.4% during the 2nd 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. Institutional investors and hedge funds own 99.62% of the company’s stock.

Insider Activity

In other news, Director Janet Kerr sold 3,372 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.66% of the company’s stock.

La-Z-Boy Stock Up 2.2%

LZB stock opened at $36.37 on Friday. La-Z-Boy Incorporated has a 52-week low of $29.03 and a 52-week high of $48.31. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 16.61 and a beta of 1.26. The business has a fifty day moving average of $32.77 and a two-hundred day moving average of $36.74.

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

La-Z-Boy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.242 per share. This is a boost from La-Z-Boy’s previous quarterly dividend of $0.22. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, December 4th. La-Z-Boy’s dividend payout ratio (DPR) is 44.04%.

Analyst Upgrades and Downgrades

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