La-Z-Boy (NYSE:LZB) Announces Quarterly Earnings Results

La-Z-Boy (NYSE:LZB) issued its quarterly earnings results on Tuesday. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17, Zacks reports. La-Z-Boy had a return on equity of 11.34% and a net margin of 4.35%.The business had revenue of $522.48 million during the quarter, compared to analysts’ expectations of $517.63 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. The business’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 0.9%

NYSE:LZB opened at $29.62 on Wednesday. The business’s 50-day moving average is $32.73 and its 200 day moving average is $36.75. La-Z-Boy has a 12 month low of $29.03 and a 12 month high of $48.31. The company has a market capitalization of $1.22 billion, a P/E ratio of 13.52 and a beta of 1.26.

La-Z-Boy Increases Dividend

The company also recently announced 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 represents a $0.97 annualized dividend and a dividend yield of 3.3%. This is a positive change from La-Z-Boy’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, December 4th. La-Z-Boy’s payout ratio is presently 40.18%.

Insider Transactions at La-Z-Boy

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 stock was sold at an average price of $35.70, for a total transaction of $120,380.40. Following the sale, the director directly owned 3,653 shares of the company’s stock, valued at $130,412.10. This represents a 48.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On La-Z-Boy

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

Analysts Set New Price Targets

LZB has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of La-Z-Boy in a report on Wednesday, October 8th. Zacks Research raised La-Z-Boy from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, La-Z-Boy currently has an average rating of “Hold” and an average target price of $46.00.

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.