La-Z-Boy (NYSE:LZB) Issues Earnings Results

La-Z-Boy (NYSE:LZB) released its quarterly earnings data on Tuesday. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06), FiscalAI reports. La-Z-Boy had a return on equity of 11.70% and a net margin of 3.86%.The company had revenue of $475.69 million for the quarter, compared to the consensus estimate of $501.44 million. During the same period last year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year.

La-Z-Boy Price Performance

Shares of NYSE:LZB opened at $33.98 on Thursday. The business’s 50 day simple moving average is $39.93 and its 200 day simple moving average is $36.89. La-Z-Boy has a 1 year low of $29.03 and a 1 year high of $44.90. The company has a market capitalization of $1.36 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.25 and a beta of 1.27.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd will be given a dividend of $0.242 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 2.8%. La-Z-Boy’s dividend payout ratio is currently 39.27%.

Analysts Set New Price Targets

LZB has been the subject of a number of research reports. Wall Street Zen cut shares of La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of La-Z-Boy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.00.

Key Headlines Impacting La-Z-Boy

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

• Positive Sentiment: Retail operations showed momentum: written sales increased 16%, written same-store sales rose 3%, and delivered retail sales grew 10%. Retail operating margins also improved year over year. La-Z-Boy First-Quarter Results
• Positive Sentiment: La-Z-Boy returned approximately $35 million to shareholders through share repurchases and dividends, while maintaining $267.3 million in cash and no external debt. The company also declared a quarterly dividend of $0.242 per share, representing an indicated yield of about 2.4%.
• Neutral Sentiment: The company is expanding its retail footprint by adding company-owned stores, acquiring additional independent La-Z-Boy locations, and consolidating manufacturing into its U.S. network. These moves could support long-term efficiency but may involve near-term execution costs.
• Negative Sentiment: Fiscal first-quarter revenue fell 3% year over year to $475.7 million, missing the approximately $501 million analyst forecast. Adjusted EPS was $0.43, below the $0.48–$0.49 consensus and down from $0.47 a year earlier. On a GAAP basis, La-Z-Boy reported a $2.3 million net loss, or $0.06 per diluted share. La-Z-Boy Swings to Loss
• Negative Sentiment: Wholesale sales declined 9%, offsetting the stronger retail performance and contributing to the consolidated sales decline following the divestiture of the wholesale casegoods business.
• Negative Sentiment: Management forecast fiscal second-quarter revenue of $500 million to $520 million, below the roughly $537 million consensus estimate. Investors and analysts viewed the weaker outlook, declining demand, and first-quarter earnings miss as reasons to remain cautious; one published analysis rated the shares “Hold.” La-Z-Boy Q1 Analysis

Insider Transactions at La-Z-Boy

In other news, VP Raphaell Z. Richmond sold 13,671 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $39.83, for a total transaction of $544,515.93. Following the completion of the sale, the vice president directly owned 51,695 shares in the company, valued at approximately $2,059,011.85. This represents a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Adam Leggett sold 9,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $41.66, for a total value of $374,940.00. Following the sale, the senior vice president directly owned 47,551 shares in the company, valued at approximately $1,980,974.66. This trade represents a 15.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 66,299 shares of company stock worth $2,677,491. Corporate insiders own 3.12% of the company’s stock.

Institutional Trading of La-Z-Boy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of La-Z-Boy by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,655,385 shares of the company’s stock worth $98,968,000 after acquiring an additional 6,901 shares in the last quarter. Franklin Resources Inc. raised its position in La-Z-Boy by 24.0% during the fourth quarter. Franklin Resources Inc. now owns 1,851,873 shares of the company’s stock valued at $69,019,000 after purchasing an additional 358,945 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in La-Z-Boy by 46.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 895,003 shares of the company’s stock valued at $33,357,000 after purchasing an additional 283,364 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in La-Z-Boy by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 764,768 shares of the company’s stock worth $28,503,000 after purchasing an additional 41,543 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in La-Z-Boy by 100.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 627,638 shares of the company’s stock worth $23,392,000 after purchasing an additional 313,932 shares during the last quarter. 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.