Shares of La-Z-Boy Incorporated (NYSE:LZB – Get Free Report) have received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $39.00.
A number of equities analysts have issued reports on LZB shares. Wall Street Zen downgraded La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of La-Z-Boy in a research note on Monday, May 18th.
Check Out Our Latest Research Report on LZB
Trending Headlines about La-Z-Boy
- Neutral Sentiment: La-Z-Boy is set to report quarterly earnings on Tuesday, and investors are positioning ahead of the update as the company approaches a key results catalyst. La-Z-Boy (LZB) to Release Quarterly Earnings on Tuesday
- Negative Sentiment: Zacks said analysts do not see the right setup for an earnings beat, noting expectations for a decline in earnings in the upcoming report. That can weigh on sentiment if investors fear a weaker-than-expected quarter. Analysts Estimate La-Z-Boy (LZB) to Report a Decline in Earnings: What to Look Out for
- Neutral Sentiment: Sidoti released a series of earnings forecasts for FY2026 through FY2028. The near-term FY2026 EPS estimate of $2.59 was roughly in line with consensus, while its longer-term forecasts of $2.91 for FY2027 and $3.27 for FY2028 suggest earnings growth ahead. La-Z-Boy: Comfortable Value Ahead Of Q4 Results
La-Z-Boy Stock Performance
LZB stock opened at $37.43 on Wednesday. The company has a market capitalization of $1.53 billion, a P/E ratio of 18.53 and a beta of 1.26. La-Z-Boy has a 52-week low of $29.03 and a 52-week high of $41.71. The business has a 50-day simple moving average of $35.08 and a two-hundred day simple moving average of $36.40.
La-Z-Boy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd will be paid a $0.242 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, June 2nd. La-Z-Boy’s payout ratio is presently 48.02%.
Hedge Funds Weigh In On La-Z-Boy
Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its stake in shares of La-Z-Boy by 7.2% in the 3rd quarter. American Century Companies Inc. now owns 1,434,642 shares of the company’s stock worth $49,237,000 after buying an additional 95,737 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of La-Z-Boy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 4,814,114 shares of the company’s stock worth $179,422,000 after buying an additional 38,513 shares during the last quarter. CSM Advisors LLC purchased a new position in shares of La-Z-Boy in the 3rd quarter worth approximately $3,958,000. M&T Bank Corp purchased a new position in shares of La-Z-Boy in the 4th quarter worth approximately $18,433,000. Finally, SG Americas Securities LLC raised its holdings in shares of La-Z-Boy by 595.1% in the 4th quarter. SG Americas Securities LLC now owns 148,226 shares of the company’s stock worth $5,524,000 after purchasing an additional 126,903 shares during the period. Hedge funds and other institutional investors own 99.62% of the company’s stock.
About La-Z-Boy
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.
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