La-Z-Boy Incorporated $LZB Shares Sold by Aberdeen Group plc

Aberdeen Group plc reduced its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 358,447 shares of the company’s stock after selling 33,003 shares during the quarter. Aberdeen Group plc owned 0.87% of La-Z-Boy worth $12,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of La-Z-Boy by 18.5% in the second quarter. Franklin Resources Inc. now owns 483,500 shares of the company’s stock worth $17,972,000 after acquiring an additional 75,580 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of La-Z-Boy by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 721,029 shares of the company’s stock worth $24,400,000 after acquiring an additional 113,396 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of La-Z-Boy by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 1,338,905 shares of the company’s stock valued at $49,767,000 after purchasing an additional 88,852 shares during the last quarter. Geode Capital Management LLC grew its position in La-Z-Boy by 0.9% during the second quarter. Geode Capital Management LLC now owns 1,016,917 shares of the company’s stock valued at $37,804,000 after acquiring an additional 9,224 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in La-Z-Boy by 7.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,391,236 shares of the company’s stock worth $47,747,000 after purchasing an additional 100,416 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.

Trending Headlines about La-Z-Boy

Here are the key news stories impacting La-Z-Boy this week:

• Positive Sentiment: Q3 revenue and EPS slightly beat consensus (revenue $541.6M vs ~$535.5M; EPS $0.61 vs $0.59), showing modest top-line growth year-over-year. This supports near-term sales resilience. La-Z-Boy Incorporated Q3 2026 Earnings Call Summary
• Positive Sentiment: The board declared a quarterly dividend (~2.7% yield), which supports income-focused investors and signals confidence in cash flow. (Record/ex-dividend dates announced.)
• Positive Sentiment: Management is accelerating retail expansion and provided a Q4 margin target range (7.5%–9%), indicating a plan to grow retail presence that could improve long-term profitability if executed. La-Z-Boy outlines 7.5%-9% Q4 margin target as retail expansion accelerates
• Neutral Sentiment: Management tone in commentary and some analysis frames the company as “relaxed and comfortable” amid a tougher consumer backdrop — a mixed signal that may calm some investors but offers limited new guidance on execution. La-Z-Boy Is Relaxed And Comfortable Despite Uncomfortable Market Conditions
• Negative Sentiment: Company issued softer guidance for the current quarter and warned adverse weather could hurt results, which damped investor confidence and pressured the stock after the print. La Z Boy Weighs Revenue Beat Against Softer Guidance And Retail Push
• Negative Sentiment: Market reaction included an earlier sell-off (reports of a ~6% slide) as investors focused on disappointing guidance and profit outlook despite the revenue beat. La-Z-Boy shares slide 6% as Q4 guidance disappoints investors
• Negative Sentiment: Analyst/press coverage flags that while sales beat, margins and profit metrics disappointed relative to expectations, creating short-term downside risk until guidance execution is clearer. Why La-Z-Boy Stock Just Dropped

Wall Street Analyst Weigh In

LZB has been the topic of several research reports. KeyCorp reissued an “overweight” rating on shares of La-Z-Boy in a research report on Wednesday, December 17th. Zacks Research cut shares of La-Z-Boy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Needham & Company LLC reiterated a “buy” rating on shares of La-Z-Boy in a research note on Wednesday, December 17th. Sidoti raised La-Z-Boy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $39.00 in a report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of La-Z-Boy in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, La-Z-Boy presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

La-Z-Boy Price Performance

NYSE LZB opened at $36.39 on Friday. The company has a 50 day simple moving average of $38.16 and a 200-day simple moving average of $36.06. La-Z-Boy Incorporated has a 52-week low of $29.03 and a 52-week high of $46.72. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 18.01 and a beta of 1.27.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. La-Z-Boy had a return on equity of 10.79% and a net margin of 3.93%.The business had revenue of $541.59 million during the quarter, compared to analyst estimates of $535.47 million. During the same period last year, the company earned $0.68 earnings per share. La-Z-Boy’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Tuesday, March 3rd will be paid a $0.242 dividend. This represents a $0.97 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, March 3rd. La-Z-Boy’s payout ratio is presently 44.50%.

La-Z-Boy Company Profile

La-Z-Boy Incorporated (NYSE: LZB) is a leading U.S. manufacturer and marketer of residential furniture, best known for its upholstered recliners, sofas, stationary chairs and sleeper sofas. The company offers a broad range of products in both fabric and leather, complemented by occasional tables, desks, lamps and other home furnishings through its branded retail network.

Founded in 1927 by cousins Edward Knabusch and Edwin Shoemaker in Monroe, Michigan, La-Z-Boy pioneered the modern reclining chair.