20,258 Shares in La-Z-Boy Incorporated $LZB Acquired by AlphaQuest LLC

AlphaQuest LLC purchased a new position in shares of La-Z-Boy Incorporated (NYSE:LZB) in the second quarter, Holdings Channel reports. The fund purchased 20,258 shares of the company’s stock, valued at approximately $753,000.

A number of other institutional investors also recently bought and sold shares of the business. LSV Asset Management raised its position in La-Z-Boy by 5.0% during the 1st quarter. LSV Asset Management now owns 1,604,462 shares of the company’s stock worth $62,718,000 after buying an additional 76,925 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of La-Z-Boy by 8.8% during the 1st quarter. American Century Companies Inc. now owns 1,250,053 shares of the company’s stock valued at $48,865,000 after purchasing an additional 100,817 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of La-Z-Boy by 68.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 881,692 shares of the company’s stock valued at $34,466,000 after purchasing an additional 359,736 shares during the period. Allspring Global Investments Holdings LLC grew its position in La-Z-Boy by 13.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 607,633 shares of the company’s stock valued at $23,485,000 after buying an additional 70,319 shares during the period. Finally, Aberdeen Group plc grew its position in La-Z-Boy by 28.7% during the first quarter. Aberdeen Group plc now owns 447,387 shares of the company’s stock valued at $17,488,000 after buying an additional 99,798 shares during the period. 99.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at La-Z-Boy

In other news, Director Janet Kerr sold 3,372 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $35.70, for a total transaction of $120,380.40. Following the transaction, the director owned 3,653 shares of the company’s stock, valued at approximately $130,412.10. The trade was a 48.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.66% of the company’s stock.

La-Z-Boy Stock Up 0.1%

La-Z-Boy stock opened at $32.75 on Tuesday. La-Z-Boy Incorporated has a 52-week low of $31.42 and a 52-week high of $48.31. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.95 and a beta of 1.23. The company has a fifty day simple moving average of $34.32 and a 200-day simple moving average of $37.61.

La-Z-Boy (NYSE:LZB) last announced 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 analyst estimates of $502.56 million. La-Z-Boy had a net margin of 4.35% and a return on equity of 11.34%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. La-Z-Boy has set its Q2 2026 guidance at EPS. On average, research analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 4th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. La-Z-Boy’s payout ratio is presently 40.18%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LZB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of La-Z-Boy in a report on Wednesday, October 8th. Zacks Research raised shares of La-Z-Boy from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.00.

La-Z-Boy 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.