Charles Schwab Investment Management Inc. Lowers Holdings in La-Z-Boy Incorporated $LZB

Charles Schwab Investment Management Inc. decreased its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 779,839 shares of the company’s stock after selling 21,301 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.89% of La-Z-Boy worth $30,484,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC increased its holdings in shares of La-Z-Boy by 22.8% in the first quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company’s stock valued at $53,000 after purchasing an additional 252 shares during the last quarter. Johnson Financial Group Inc. raised its stake in La-Z-Boy by 2,394.1% in the fourth quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company’s stock valued at $80,000 after buying an additional 1,628 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in La-Z-Boy in the first quarter valued at $201,000. Bank of Montreal Can acquired a new stake in shares of La-Z-Boy during the fourth quarter worth about $203,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of La-Z-Boy during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 99.62% of the company’s stock.

Wall Street Analyst Weigh In

LZB has been the topic of a number of research reports. Wall Street Zen lowered La-Z-Boy from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. KeyCorp upgraded La-Z-Boy from a “sector weight” rating to an “overweight” rating and set a $46.00 price objective for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.50.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock opened at $39.1480 on Wednesday. The firm has a market cap of $1.61 billion, a PE ratio of 16.59 and a beta of 1.26. La-Z-Boy Incorporated has a 1 year low of $34.89 and a 1 year high of $48.31. The firm’s 50-day simple moving average is $38.10 and its 200-day simple moving average is $40.22.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). La-Z-Boy had a return on equity of 12.08% and a net margin of 4.72%.The business had revenue of $492.23 million for the quarter, compared to analyst estimates of $502.56 million. During the same quarter last year, the company earned $0.62 EPS. La-Z-Boy’s revenue was down .7% compared to the same quarter last year. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, equities analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Profile

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.