La-Z-Boy Incorporated (NYSE:LZB) Given Consensus Recommendation of “Moderate Buy” by Analysts

La-Z-Boy Incorporated (NYSE:LZB) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $39.00.

LZB has been the subject of a number of research analyst reports. Wall Street Zen lowered La-Z-Boy from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of La-Z-Boy in a research report on Monday, May 18th.

La-Z-Boy Trading Up 3.3%

LZB stock opened at $37.43 on Wednesday. The stock has a 50-day moving average price of $35.08 and a 200-day moving average price of $36.40. La-Z-Boy has a 1-year low of $29.03 and a 1-year high of $41.71. The firm has a market cap of $1.53 billion, a PE ratio of 18.53 and a beta of 1.26.

La-Z-Boy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, June 2nd will be given a $0.242 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 2nd. La-Z-Boy’s payout ratio is presently 48.02%.

Key Stories Impacting La-Z-Boy

Here are the key news stories impacting La-Z-Boy this week:

• Neutral Sentiment: La-Z-Boy is set to report quarterly earnings on Tuesday, and investors are positioning ahead of the update as the company approaches a key results catalyst. La-Z-Boy (LZB) to Release Quarterly Earnings on Tuesday
• Negative Sentiment: Zacks said analysts do not see the right setup for an earnings beat, noting expectations for a decline in earnings in the upcoming report. That can weigh on sentiment if investors fear a weaker-than-expected quarter. Analysts Estimate La-Z-Boy (LZB) to Report a Decline in Earnings: What to Look Out for
• Neutral Sentiment: Sidoti released a series of earnings forecasts for FY2026 through FY2028. The near-term FY2026 EPS estimate of $2.59 was roughly in line with consensus, while its longer-term forecasts of $2.91 for FY2027 and $3.27 for FY2028 suggest earnings growth ahead. La-Z-Boy: Comfortable Value Ahead Of Q4 Results

Institutional Trading of La-Z-Boy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in La-Z-Boy by 208.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,492,928 shares of the company’s stock valued at $51,237,000 after purchasing an additional 1,009,428 shares during the last quarter. M&T Bank Corp acquired a new position in La-Z-Boy during the 4th quarter valued at about $18,433,000. Goldman Sachs Group Inc. boosted its stake in La-Z-Boy by 100.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 627,638 shares of the company’s stock valued at $23,392,000 after purchasing an additional 313,932 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in La-Z-Boy by 46.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 895,003 shares of the company’s stock valued at $33,357,000 after purchasing an additional 283,364 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in La-Z-Boy by 64.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 391,470 shares of the company’s stock valued at $14,551,000 after purchasing an additional 153,498 shares during the last quarter. 99.62% of the stock is owned by institutional investors.

About La-Z-Boy

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.