Sidoti Analysts Raise Earnings Estimates for La-Z-Boy

La-Z-Boy Incorporated (NYSE:LZB) – Research analysts at Sidoti boosted their Q1 2027 earnings per share estimates for shares of La-Z-Boy in a research report issued to clients and investors on Wednesday, June 17th. Sidoti analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.49 for the quarter, up from their prior estimate of $0.48. The consensus estimate for La-Z-Boy’s current full-year earnings is $2.96 per share. Sidoti also issued estimates for La-Z-Boy’s Q2 2027 earnings at $0.73 EPS, Q3 2027 earnings at $0.65 EPS, Q4 2027 earnings at $1.09 EPS, FY2027 earnings at $2.95 EPS, Q1 2028 earnings at $0.52 EPS, Q2 2028 earnings at $0.87 EPS, Q3 2028 earnings at $0.75 EPS, Q4 2028 earnings at $1.19 EPS and FY2028 earnings at $3.32 EPS.

LZB has been the subject of several other research reports. Wall Street Zen upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reiterated a “hold (c)” rating on shares of La-Z-Boy in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

La-Z-Boy Price Performance

NYSE:LZB opened at $40.33 on Thursday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 16.33 and a beta of 1.26. The firm’s fifty day moving average price is $35.82 and its 200 day moving average price is $36.39. La-Z-Boy has a 1-year low of $29.03 and a 1-year high of $44.90.

La-Z-Boy (NYSE:LZB) last released its earnings results on Tuesday, June 16th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.44. La-Z-Boy had a return on equity of 12.02% and a net margin of 4.80%.The business had revenue of $570.34 million for the quarter, compared to analyst estimates of $569.23 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year.

Institutional Investors Weigh In On La-Z-Boy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP boosted its position in shares of La-Z-Boy by 4,785.7% during the 4th quarter. Quarry LP now owns 684 shares of the company’s stock worth $25,000 after purchasing an additional 670 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of La-Z-Boy by 75.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 755 shares of the company’s stock valued at $26,000 after purchasing an additional 324 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of 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 period. Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 567 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in La-Z-Boy by 159.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the company’s stock worth $43,000 after buying an additional 713 shares in the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.

La-Z-Boy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Tuesday, June 2nd were issued a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 2nd. La-Z-Boy’s dividend payout ratio is currently 48.02%.

La-Z-Boy News Roundup

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

• Positive Sentiment: La-Z-Boy beat expectations on both earnings and revenue, reporting adjusted EPS of $1.26 versus $0.82 expected and revenue of $570.3 million versus $569.2 million expected. Article Title
• Positive Sentiment: Retail-led growth and margin improvement were key highlights, with retail written sales up 11% and operating margins improving, helping offset softer wholesale and Joybird results. Article Title
• Positive Sentiment: The company announced a new $300 million share repurchase authorization and continued dividend growth, reinforcing confidence in cash flow and capital returns. Article Title
• Neutral Sentiment: Management said it is still navigating a soft furniture market, but highlighted supply-chain restructuring and store expansion as ways to outgrow industry headwinds. Article Title

About La-Z-Boy

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.