Advisors Asset Management Inc. Buys 1,613 Shares of La-Z-Boy Incorporated $LZB

Advisors Asset Management Inc. lifted its stake in La-Z-Boy Incorporated (NYSE:LZB) by 23.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 8,401 shares of the company’s stock after purchasing an additional 1,613 shares during the quarter. Advisors Asset Management Inc.’s holdings in La-Z-Boy were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LZB. Deutsche Bank AG grew its position in shares of La-Z-Boy by 48.5% during the fourth quarter. Deutsche Bank AG now owns 35,590 shares of the company’s stock worth $1,551,000 after purchasing an additional 11,622 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of La-Z-Boy by 6.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 44,692 shares of the company’s stock worth $1,947,000 after purchasing an additional 2,792 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of La-Z-Boy during the fourth quarter worth about $929,000. Lazard Asset Management LLC grew its position in shares of La-Z-Boy by 164.4% during the fourth quarter. Lazard Asset Management LLC now owns 56,060 shares of the company’s stock worth $2,442,000 after purchasing an additional 34,858 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of La-Z-Boy by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,067 shares of the company’s stock worth $1,049,000 after purchasing an additional 917 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.

Analyst Ratings Changes

LZB has been the subject of several research analyst reports. Wall Street Zen cut La-Z-Boy from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Zacks Research cut La-Z-Boy from a “hold” rating to a “strong sell” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

La-Z-Boy Price Performance

NYSE LZB opened at $35.02 on Friday. The stock has a market capitalization of $1.44 billion, a PE ratio of 15.99 and a beta of 1.23. The business has a 50 day simple moving average of $37.25 and a two-hundred day simple moving average of $39.13. La-Z-Boy Incorporated has a 1-year low of $31.99 and a 1-year high of $48.31.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings results 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 firm had revenue of $492.23 million for the quarter, compared to analysts’ expectations of $502.56 million. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 4th will be issued a $0.22 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. La-Z-Boy’s payout ratio is 40.18%.

Insider Activity at La-Z-Boy

In other news, Director Janet Kerr sold 3,372 shares of La-Z-Boy 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 owned 3,653 shares in the company, valued at approximately $130,412.10. The trade was a 48.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.66% of the company’s stock.

About La-Z-Boy

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.