La-Z-Boy Incorporated (NYSE:LZB – Free Report) – Research analysts at KeyCorp issued their Q2 2027 EPS estimates for shares of La-Z-Boy in a research note issued to investors on Thursday, November 12th. KeyCorp analyst B. Thomas anticipates that the company will earn $0.47 per share for the quarter. KeyCorp has an “Overweight” rating and a $40.00 price objective on the stock. The consensus estimate for La-Z-Boy’s current full-year earnings is $2.50 per share.
La-Z-Boy (NYSE:LZB – Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $475.69 million for the quarter, compared to the consensus estimate of $501.44 million. La-Z-Boy had a net margin of 3.86% and a return on equity of 11.79%. La-Z-Boy’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS.
A number of other analysts also recently weighed in on LZB. Weiss Ratings downgraded La-Z-Boy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Wall Street Zen downgraded La-Z-Boy from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research raised La-Z-Boy from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.
Read Our Latest Stock Report on La-Z-Boy
La-Z-Boy Stock Down 1.3%
Shares of La-Z-Boy stock opened at $32.51 on Friday. La-Z-Boy has a twelve month low of $28.39 and a twelve month high of $44.90. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 1.20 and a beta of 1.25. The company’s fifty day moving average is $30.47 and its 200 day moving average is $35.06.
La-Z-Boy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Thursday, September 3rd were given a dividend of $0.2420 per share. This represents a $0.97 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 3rd. La-Z-Boy’s dividend payout ratio is currently 49.24%.
Insider Buying and Selling
In other news, insider Robert Sundy, II sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $30.85, for a total value of $154,250.00. Following the transaction, the insider owned 59,297 shares in the company, valued at approximately $1,829,312.45. The trade was a 7.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet Kerr sold 3,653 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $31.75, for a total transaction of $115,982.75. Following the completion of the transaction, the director owned 4,125 shares in the company, valued at $130,968.75. This trade represents a 46.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.12% of the company’s stock.
Hedge Funds Weigh In On La-Z-Boy
Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in La-Z-Boy by 172.8% during the second quarter. Versant Capital Management Inc now owns 652 shares of the company’s stock valued at $26,000 after acquiring an additional 413 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in La-Z-Boy during the 2nd quarter worth about $28,000. Fulcrum Asset Management LLP raised its position in shares of La-Z-Boy by 4,718.2% in the 3rd quarter. Fulcrum Asset Management LLP now owns 1,060 shares of the company’s stock worth $31,000 after acquiring an additional 1,038 shares in the last quarter. GAMMA Investing LLC raised its position in shares of La-Z-Boy by 114.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,549 shares of the company’s stock worth $62,000 after acquiring an additional 828 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of La-Z-Boy in the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 99.62% of the company’s stock.
La-Z-Boy Company Profile
La-Z-Boy Incorporated designs, manufactures, markets and sells residential furniture, including recliners, sofas, chairs and other upholstered products, as well as selected casegoods such as bedroom and dining furniture. Its brands include La-Z-Boy, Joybird, England, Kincaid and American Drew. Founded in 1927 by cousins Edwin Shoemaker and Edward Knabusch, the company grew from their development of an early reclining chair. La-Z-Boy is headquartered in Monroe, Michigan, and sells its products through company-operated stores, independent retailers and online channels, primarily serving customers in North America.
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