Strs Ohio Acquires New Position in La-Z-Boy Incorporated $LZB

Strs Ohio acquired a new stake in La-Z-Boy Incorporated (NYSE:LZB) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,800 shares of the company’s stock, valued at approximately $579,000.

Several other institutional investors have also recently modified their holdings of LZB. TD Private Client Wealth LLC grew its stake in 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 acquiring an additional 252 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in 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 in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in La-Z-Boy in the 1st quarter worth $201,000. State of Wyoming raised 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 valued at $212,000 after purchasing an additional 3,968 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of La-Z-Boy in the 1st quarter valued at about $232,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at La-Z-Boy

In other 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 transaction of $120,380.40. Following the completion of the transaction, the director directly owned 3,653 shares of the company’s stock, valued at approximately $130,412.10. This trade represents a 48.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.66% of the company’s stock.

La-Z-Boy Trading Down 1.3%

NYSE:LZB opened at $33.72 on Friday. La-Z-Boy Incorporated has a 1 year low of $31.99 and a 1 year high of $48.31. The firm’s fifty day simple moving average is $36.57 and its 200 day simple moving average is $38.66. The firm has a market capitalization of $1.39 billion, a PE ratio of 15.40 and a beta of 1.23.

La-Z-Boy (NYSE:LZB) last posted its earnings results 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). La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The firm had revenue of $492.23 million during the quarter, compared to analyst estimates of $502.56 million. During the same quarter in the previous year, the business posted $0.62 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. La-Z-Boy has set its Q2 2026 guidance at EPS. As a group, analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LZB. Wall Street Zen downgraded shares of La-Z-Boy from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Zacks Research cut shares of La-Z-Boy from a “hold” rating to a “strong sell” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, La-Z-Boy presently has an average rating of “Hold” and an average target price of $46.00.

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.