Sidoti Comments on La-Z-Boy’s Q2 Earnings (NYSE:LZB)

La-Z-Boy Incorporated (NYSE:LZB) – Analysts at Sidoti decreased their Q2 2027 EPS estimates for La-Z-Boy in a research note issued on Wednesday, August 19th. Sidoti analyst A. Lebiedzinski now expects that the company will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.73. The consensus estimate for La-Z-Boy’s current full-year earnings is $2.88 per share. Sidoti also issued estimates for La-Z-Boy’s Q3 2027 earnings at $0.59 EPS, Q4 2027 earnings at $1.04 EPS, FY2027 earnings at $2.55 EPS and Q2 2028 earnings at $0.58 EPS.

La-Z-Boy (NYSE:LZB) last announced its earnings results on Tuesday, August 18th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $475.69 million for the quarter, compared to analysts’ expectations of $501.44 million. La-Z-Boy had a net margin of 3.86% and a return on equity of 11.79%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share.

A number of other analysts have also recently issued reports on LZB. Wall Street Zen cut shares of La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of La-Z-Boy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Finally, KeyCorp reduced their target price on La-Z-Boy from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, La-Z-Boy presently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

La-Z-Boy Stock Down 0.8%

Shares of LZB opened at $33.63 on Friday. The business has a 50-day simple moving average of $39.82 and a two-hundred day simple moving average of $36.87. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.07 and a beta of 1.27. La-Z-Boy has a 52 week low of $29.03 and a 52 week high of $44.90.

Institutional Investors Weigh In On La-Z-Boy

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in La-Z-Boy in the 2nd quarter worth about $265,535,000. Franklin Resources Inc. lifted its holdings in La-Z-Boy by 208.8% during the third quarter. Franklin Resources Inc. now owns 1,492,928 shares of the company’s stock worth $51,237,000 after buying an additional 1,009,428 shares during the period. M&T Bank Corp purchased a new stake in shares of La-Z-Boy during the 4th quarter worth $18,433,000. William Blair Investment Management LLC bought a new position in La-Z-Boy in the second quarter worth about $19,511,000. Finally, Bank of America Corp DE purchased a new stake in La-Z-Boy during the second quarter valued at approximately $17,346,000. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at La-Z-Boy

In related news, CAO Jennifer Lynn Mccurry sold 3,715 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $41.05, for a total value of $152,500.75. Following the completion of the sale, the chief accounting officer directly owned 16,763 shares in the company, valued at $688,121.15. This trade represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Melinda D. Whittington sold 7,364 shares of La-Z-Boy stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $40.00, for a total transaction of $294,560.00. Following the transaction, the chief executive officer directly owned 415,061 shares of the company’s stock, valued at $16,602,440. The trade was a 1.74% decrease in their ownership of the stock. 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. Insiders have sold a total of 66,299 shares of company stock worth $2,677,491 in the last ninety days. Corporate insiders own 3.12% of the company’s stock.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.242 per share. This represents a $0.97 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, September 3rd. La-Z-Boy’s dividend payout ratio is presently 39.27%.

La-Z-Boy News Summary

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

• Positive Sentiment: La-Z-Boy’s retail segment reportedly delivered 16% sales growth, while the company plans to return approximately $35 million to shareholders. Management also projects second-quarter sales of $500 million to $520 million and is investing in supply-chain capacity and retail expansion. La-Z-Boy’s retail momentum offset by wholesale numbers in Q1 La-Z-Boy expects Q2 sales of $500M-$520M
• Neutral Sentiment: La-Z-Boy’s current valuation is moderate at roughly 17 times earnings, but investors are weighing that valuation against slowing results and reduced profit forecasts.
• Negative Sentiment: The company reported quarterly EPS of $0.43, below the $0.49 consensus estimate, while revenue of $475.7 million missed the $501.4 million forecast and declined 3.4% year over year. Retail strength was offset by weaker wholesale performance. La-Z-Boy Q1 2027 earnings call transcript
• Negative Sentiment: Sidoti cut its FY2027 EPS forecast to $2.55 from $2.66, reduced FY2028 EPS to $3.00 from $3.32, and lowered estimates for multiple quarters. The largest reductions include Q2 2027 EPS to $0.48 from $0.73 and Q2 2028 EPS to $0.58 from $0.87. These revisions signal weaker expected profitability than previously anticipated.
• Negative Sentiment: Analysts characterized the first-quarter results and forward guidance as disappointing, contributing to a selloff of nearly 20% after the release and a cautious “Hold” view. La-Z-Boy Q1: Sitting Out The Pullback, Shares a Hold

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.