Deutsche Bank AG Cuts Holdings in La-Z-Boy Incorporated $LZB

Deutsche Bank AG decreased its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,893 shares of the company’s stock after selling 2,697 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of La-Z-Boy worth $1,286,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. LSV Asset Management increased its holdings in La-Z-Boy by 5.0% during the 1st quarter. LSV Asset Management now owns 1,604,462 shares of the company’s stock worth $62,718,000 after purchasing an additional 76,925 shares during the period. Systematic Financial Management LP increased its holdings in La-Z-Boy by 4.0% during the 4th quarter. Systematic Financial Management LP now owns 586,107 shares of the company’s stock worth $25,537,000 after purchasing an additional 22,423 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in La-Z-Boy by 273.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company’s stock worth $21,262,000 after purchasing an additional 393,365 shares during the period. Northern Trust Corp increased its holdings in La-Z-Boy by 10.7% during the 4th quarter. Northern Trust Corp now owns 487,839 shares of the company’s stock worth $21,255,000 after purchasing an additional 46,975 shares during the period. Finally, Wellington Management Group LLP increased its holdings in La-Z-Boy by 321.1% during the 4th quarter. Wellington Management Group LLP now owns 311,578 shares of the company’s stock worth $13,575,000 after purchasing an additional 237,578 shares during the period. Hedge funds and other institutional investors own 99.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded La-Z-Boy from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $46.00.

La-Z-Boy Stock Performance

LZB opened at $36.5420 on Friday. La-Z-Boy Incorporated has a one year low of $31.99 and a one year high of $48.31. The company has a market cap of $1.51 billion, a P/E ratio of 16.69 and a beta of 1.26. The business’s 50-day simple moving average is $37.87 and its 200-day simple moving average is $39.99.

La-Z-Boy (NYSE:LZB) last released 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 analysts’ expectations of $502.56 million. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

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.