La-Z-Boy Incorporated $LZB Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in La-Z-Boy Incorporated (NYSE:LZB) by 37.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,554 shares of the company’s stock after selling 3,882 shares during the quarter. Hsbc Holdings PLC’s holdings in La-Z-Boy were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LZB. Raymond James Financial Inc. acquired a new position in shares of La-Z-Boy in the 4th quarter worth $619,000. Price T Rowe Associates Inc. MD grew its holdings in shares of La-Z-Boy by 3.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,887 shares of the company’s stock worth $2,000,000 after acquiring an additional 1,560 shares during the last quarter. Northern Trust Corp boosted its position in shares of La-Z-Boy by 10.7% in the fourth quarter. Northern Trust Corp now owns 487,839 shares of the company’s stock worth $21,255,000 after buying an additional 46,975 shares during the period. Algert Global LLC boosted its position in shares of La-Z-Boy by 5.4% in the fourth quarter. Algert Global LLC now owns 74,711 shares of the company’s stock worth $3,255,000 after buying an additional 3,801 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in shares of La-Z-Boy in the fourth quarter worth $256,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LZB shares. Zacks Research cut La-Z-Boy from a “hold” rating to a “strong sell” rating in a research report on Friday, August 22nd. Wall Street Zen cut La-Z-Boy from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, La-Z-Boy currently has a consensus rating of “Hold” and an average target price of $46.00.

La-Z-Boy Trading Up 1.5%

LZB opened at $36.12 on Friday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 16.49 and a beta of 1.23. La-Z-Boy Incorporated has a 1 year low of $31.99 and a 1 year high of $48.31. The stock has a fifty day moving average price of $37.57 and a 200 day moving average price of $39.48.

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

La-Z-Boy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, September 4th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 4th. 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 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.