State of Alaska Department of Revenue Buys 1,599 Shares of La-Z-Boy Incorporated $LZB

State of Alaska Department of Revenue raised its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,584 shares of the company’s stock after acquiring an additional 1,599 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of La-Z-Boy worth $913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LZB. GAMMA Investing LLC raised its stake in La-Z-Boy by 116.9% in the 2nd quarter. GAMMA Investing LLC now owns 746 shares of the company’s stock worth $28,000 after acquiring an additional 402 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings 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 valued at $53,000 after buying an additional 252 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $71,000 after buying an additional 1,382 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of La-Z-Boy in the 1st quarter valued at about $201,000. Finally, State of Wyoming lifted its holdings 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 buying an additional 3,968 shares during the period. Hedge funds and other institutional investors own 99.62% of the company’s stock.

La-Z-Boy Price Performance

LZB stock opened at $33.82 on Tuesday. The firm has a market capitalization of $1.39 billion, a PE ratio of 15.44 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 business has a 50 day simple moving average of $35.71 and a 200-day simple moving average of $38.25.

La-Z-Boy (NYSE:LZB) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate 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 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 previous year, the company posted $0.62 earnings per share. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, equities research analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Janet Kerr sold 3,372 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $35.70, for a total value of $120,380.40. Following the completion of the transaction, the director directly owned 3,653 shares in the company, valued at approximately $130,412.10. This represents a 48.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LZB. Zacks Research cut La-Z-Boy from a “hold” rating to a “strong sell” rating in a report on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of La-Z-Boy in a report on Saturday, September 27th. Finally, 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, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, La-Z-Boy has a consensus 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.