La-Z-Boy (NYSE:LZB) Upgraded at KeyCorp

KeyCorp upgraded shares of La-Z-Boy (NYSE:LZB) from a sector weight rating to an overweight rating in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has $46.00 price objective on the stock. KeyCorp also issued estimates for La-Z-Boy’s Q4 2025 earnings at $0.93 EPS and FY2026 earnings at $3.25 EPS.

La-Z-Boy Trading Up 1.1 %

Shares of NYSE:LZB opened at $38.95 on Friday. The company has a 50-day moving average price of $40.06 and a 200-day moving average price of $42.28. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 13.38 and a beta of 1.31. La-Z-Boy has a 12 month low of $32.00 and a 12 month high of $48.31.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $521.78 million during the quarter, compared to analyst estimates of $516.47 million. La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%. As a group, research analysts forecast that La-Z-Boy will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy’s payout ratio is currently 30.24%.

Institutional Investors Weigh In On La-Z-Boy

Several institutional investors and hedge funds have recently modified their holdings of LZB. American Century Companies Inc. increased its position in shares of La-Z-Boy by 3.0% during the fourth quarter. American Century Companies Inc. now owns 1,149,236 shares of the company’s stock valued at $50,072,000 after buying an additional 33,416 shares during the period. William Blair Investment Management LLC grew its holdings in shares of La-Z-Boy by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 999,523 shares of the company’s stock worth $43,549,000 after acquiring an additional 24,125 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of La-Z-Boy by 2.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 960,023 shares of the company’s stock worth $41,828,000 after acquiring an additional 23,329 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of La-Z-Boy by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 801,140 shares of the company’s stock valued at $34,906,000 after purchasing an additional 22,168 shares during the period. Finally, Systematic Financial Management LP boosted its position in shares of La-Z-Boy by 4.0% during the fourth quarter. Systematic Financial Management LP now owns 586,107 shares of the company’s stock valued at $25,537,000 after purchasing an additional 22,423 shares in the last quarter. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Company 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.