Vanguard Group Inc. Cuts Stake in La-Z-Boy Incorporated $LZB

Vanguard Group Inc. lowered its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,849,695 shares of the company’s stock after selling 134,073 shares during the quarter. Vanguard Group Inc. owned 11.75% of La-Z-Boy worth $189,575,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. TD Private Client Wealth LLC raised its position in La-Z-Boy by 22.8% during the 1st quarter. TD Private Client Wealth LLC now owns 1,355 shares of the company’s stock worth $53,000 after buying an additional 252 shares during the last quarter. PFG Advisors increased its holdings in shares of La-Z-Boy by 2.6% in the 1st quarter. PFG Advisors now owns 11,797 shares of the company’s stock valued at $461,000 after purchasing an additional 298 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of La-Z-Boy by 0.8% in the 1st quarter. Allianz Asset Management GmbH now owns 45,164 shares of the company’s stock valued at $1,765,000 after purchasing an additional 346 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in shares of La-Z-Boy by 1.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 24,504 shares of the company’s stock valued at $1,068,000 after purchasing an additional 359 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of La-Z-Boy by 4.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,887 shares of the company’s stock valued at $605,000 after purchasing an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. KeyCorp upgraded shares of La-Z-Boy from a “sector weight” rating to an “overweight” rating and set a $46.00 price target for the company in a report on Friday, April 25th. Wall Street Zen downgraded shares of La-Z-Boy from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, La-Z-Boy currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

La-Z-Boy Trading Up 2.1%

Shares of NYSE LZB opened at $39.1480 on Wednesday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 16.59 and a beta of 1.26. La-Z-Boy Incorporated has a 52 week low of $34.89 and a 52 week high of $48.31. The company’s 50-day moving average price is $38.10 and its 200 day moving average price is $40.22.

La-Z-Boy (NYSE:LZB) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The business had revenue of $492.23 million during the quarter, compared to analyst estimates of $502.56 million. La-Z-Boy had a net margin of 4.72% and a return on equity of 12.08%. La-Z-Boy’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, research analysts expect 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.