La-Z-Boy (NYSE:LZB) Issues Earnings Results, Misses Expectations By $0.06 EPS

La-Z-Boy (NYSE:LZB) released its quarterly earnings results on Tuesday. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06), Zacks reports. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The company had revenue of $492.23 million during the quarter, compared to analyst estimates of $502.56 million. During the same period in the prior year, the business posted $0.62 EPS. La-Z-Boy’s revenue was down .7% compared to the same quarter last year. La-Z-Boy updated its Q2 2026 guidance to EPS.

La-Z-Boy Trading Down 11.9%

Shares of LZB opened at $34.4650 on Thursday. The firm has a market cap of $1.42 billion, a P/E ratio of 15.74 and a beta of 1.26. La-Z-Boy has a 12-month low of $31.99 and a 12-month high of $48.31. The company’s 50-day moving average price is $37.98 and its 200 day moving average price is $40.18.

Institutional Trading of La-Z-Boy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. increased its stake in La-Z-Boy by 99.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,140 shares of the company’s stock worth $42,000 after purchasing an additional 567 shares during the period. Public Sector Pension Investment Board increased its stake in La-Z-Boy by 2.9% during the second quarter. Public Sector Pension Investment Board now owns 155,795 shares of the company’s stock worth $5,791,000 after purchasing an additional 4,380 shares during the period. Tower Research Capital LLC TRC increased its stake in La-Z-Boy by 314.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,461 shares of the company’s stock worth $166,000 after purchasing an additional 3,384 shares during the period. Rafferty Asset Management LLC increased its stake in La-Z-Boy by 20.3% during the second quarter. Rafferty Asset Management LLC now owns 14,545 shares of the company’s stock worth $541,000 after purchasing an additional 2,455 shares during the period. Finally, Orion Porfolio Solutions LLC increased its stake in La-Z-Boy by 2.5% during the second quarter. Orion Porfolio Solutions LLC now owns 26,635 shares of the company’s stock worth $990,000 after purchasing an additional 646 shares during the period. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LZB. Wall Street Zen cut shares of La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. KeyCorp raised shares of La-Z-Boy from a “sector weight” rating to an “overweight” rating and set a $46.00 target price on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $46.00.

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.