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

La-Z-Boy (NYSE:LZB) announced its quarterly earnings results on Tuesday. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06), FiscalAI reports. The company had revenue of $475.69 million for the quarter, compared to analyst estimates of $501.44 million. La-Z-Boy had a return on equity of 11.97% and a net margin of 4.80%.La-Z-Boy’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share.

La-Z-Boy Stock Performance

La-Z-Boy stock opened at $40.98 on Wednesday. The company has a market cap of $1.64 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. La-Z-Boy has a one year low of $29.03 and a one year high of $44.90. The business has a fifty day moving average of $40.00 and a two-hundred day moving average of $36.91.

La-Z-Boy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, September 3rd will be issued a $0.242 dividend. 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 2.4%. La-Z-Boy’s dividend payout ratio (DPR) is 38.87%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at La-Z-Boy

In other news, CAO Jennifer Lynn Mccurry sold 3,715 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $41.05, for a total value of $152,500.75. Following the completion of the transaction, the chief accounting officer owned 16,763 shares in the company, valued at $688,121.15. This trade represents a 18.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Raphaell Z. Richmond sold 13,671 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $39.83, for a total transaction of $544,515.93. Following the completion of the transaction, the vice president owned 51,695 shares of the company’s stock, valued at $2,059,011.85. This represents a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 66,299 shares of company stock worth $2,677,491. Company insiders own 3.12% of the company’s stock.

Institutional Investors Weigh In On La-Z-Boy

Several institutional investors have recently modified their holdings of the company. Quarry LP raised its holdings in La-Z-Boy by 4,785.7% during the fourth quarter. Quarry LP now owns 684 shares of the company’s stock worth $25,000 after purchasing an additional 670 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in La-Z-Boy by 290.0% in the second quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 670 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of La-Z-Boy by 99.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,140 shares of the company’s stock valued at $42,000 after buying an additional 567 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of La-Z-Boy by 3,130.8% in the third quarter. CIBC Private Wealth Group LLC now owns 1,260 shares of the company’s stock valued at $43,000 after buying an additional 1,221 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of La-Z-Boy during the 4th quarter worth $54,000. Hedge funds and other institutional investors own 99.62% of the company’s stock.

Key Headlines Impacting La-Z-Boy

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

• Positive Sentiment: La-Z-Boy’s retail business showed momentum: written sales rose 16%, written same-store sales increased 3%, and delivered retail sales grew 10%. Retail operating margins also improved, while the company added stores and agreed to acquire two more independent locations. La-Z-Boy First-Quarter Results
• Positive Sentiment: The company returned approximately $35 million to shareholders through dividends and share repurchases, up 62% from the prior year. La-Z-Boy also ended the quarter with $267.3 million in cash and no external debt, supporting financial flexibility. La-Z-Boy First-Quarter Financial Details
• Neutral Sentiment: Management is consolidating production into its U.S. network, including the closure of one announced plant, and has divested its wholesale casegoods business. These actions may improve efficiency over time but contributed to year-over-year comparisons that are difficult to assess.
• Negative Sentiment: Fiscal first-quarter sales fell 3% to $475.7 million, well below the roughly $501 million-$501.4 million analyst estimate. Adjusted EPS was $0.43, missing consensus estimates near $0.48-$0.49, while GAAP results showed a $2.3 million net loss, or $0.06 per diluted share. La-Z-Boy Misses First-Quarter Estimates
• Negative Sentiment: Wholesale sales declined 9%, and the company’s fiscal second-quarter revenue forecast of $500 million to $520 million trails the $536.9 million consensus estimate. The weaker outlook suggests furniture demand remains uneven despite retail gains. La-Z-Boy Second-Quarter Outlook

La-Z-Boy Company Profile

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.