Inspire Investing LLC Trims Stake in La-Z-Boy Incorporated $LZB

Inspire Investing LLC decreased its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 4.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,786 shares of the company’s stock after selling 393 shares during the period. Inspire Investing LLC’s holdings in La-Z-Boy were worth $343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its stake in shares of La-Z-Boy by 22.8% in 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. Caitong International Asset Management Co. Ltd grew its stake in shares of La-Z-Boy by 317.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock worth $71,000 after buying an additional 1,382 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of La-Z-Boy in the 4th quarter worth approximately $205,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of La-Z-Boy in the 1st quarter worth approximately $201,000. Finally, State of Wyoming grew its stake in shares of La-Z-Boy by 271.4% in the 1st quarter. State of Wyoming now owns 5,430 shares of the company’s stock worth $212,000 after buying an additional 3,968 shares during the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.

La-Z-Boy Trading Down 0.1%

LZB opened at $33.95 on Wednesday. The firm has a market cap of $1.40 billion, a P/E ratio of 15.50 and a beta of 1.23. La-Z-Boy Incorporated has a 12 month low of $31.99 and a 12 month high of $48.31. The stock has a 50-day moving average of $36.92 and a 200 day moving average of $38.84.

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

La-Z-Boy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, September 4th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.88 annualized dividend and a yield of 2.6%. La-Z-Boy’s dividend payout ratio (DPR) is presently 40.18%.

Analyst Upgrades and Downgrades

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

Insider Transactions at La-Z-Boy

In other La-Z-Boy news, Director Janet Kerr sold 3,372 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $35.70, for a total value of $120,380.40. Following the completion of the sale, the director owned 3,653 shares of the company’s stock, valued at $130,412.10. This trade represents a 48.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.66% of the stock is currently owned by insiders.

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.