Russell Investments Group Ltd. Raises Position in La-Z-Boy Incorporated $LZB

Russell Investments Group Ltd. increased its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 54.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,841 shares of the company’s stock after purchasing an additional 20,749 shares during the period. Russell Investments Group Ltd. owned 0.14% of La-Z-Boy worth $2,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LZB. Allspring Global Investments Holdings LLC grew its stake in shares of La-Z-Boy by 273.3% during the first 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 in the last quarter. Nuveen LLC acquired a new position in shares of La-Z-Boy during the first quarter worth $10,725,000. Wellington Management Group LLP grew its stake in shares of La-Z-Boy by 321.1% during the fourth 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of La-Z-Boy during the fourth quarter worth $4,500,000. Finally, Vest Financial LLC acquired a new position in shares of La-Z-Boy during the first quarter worth $3,061,000. Institutional investors and hedge funds own 99.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $46.00.

La-Z-Boy Price Performance

Shares of LZB opened at $36.64 on Tuesday. La-Z-Boy Incorporated has a 1-year low of $31.99 and a 1-year high of $48.31. The stock has a market cap of $1.51 billion, a PE ratio of 16.73 and a beta of 1.26. The firm has a fifty day moving average price of $37.82 and a 200 day moving average price of $39.89.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The company had revenue of $492.23 million during the quarter, compared to analysts’ expectations of $502.56 million. During the same period last year, the firm earned $0.62 earnings per share. La-Z-Boy’s revenue was down .7% on a year-over-year basis. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, equities analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, September 4th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. La-Z-Boy’s dividend payout ratio (DPR) is presently 40.18%.

La-Z-Boy Company 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.