La-Z-Boy (NYSE:LZB) Posts Quarterly Earnings Results, Beats Estimates By $0.44 EPS

La-Z-Boy (NYSE:LZB) issued its quarterly earnings data on Tuesday. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.82 by $0.44, FiscalAI reports. La-Z-Boy had a net margin of 3.93% and a return on equity of 10.79%. The firm had revenue of $570.34 million for the quarter, compared to analyst estimates of $569.23 million. During the same period in the prior year, the business posted $0.36 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year.

La-Z-Boy Trading Down 6.7%

Shares of LZB opened at $35.25 on Wednesday. The stock has a market cap of $1.44 billion, a P/E ratio of 17.45 and a beta of 1.26. La-Z-Boy has a 12-month low of $29.03 and a 12-month high of $41.06. The company has a 50-day moving average of $35.65 and a two-hundred day moving average of $36.39.

La-Z-Boy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, June 2nd were given a dividend of $0.242 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $0.97 dividend on an annualized basis and a yield of 2.7%. La-Z-Boy’s payout ratio is presently 48.02%.

Institutional Investors Weigh In On La-Z-Boy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP boosted its holdings in shares of La-Z-Boy by 4,785.7% in the 4th quarter. Quarry LP now owns 684 shares of the company’s stock valued at $25,000 after purchasing an additional 670 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in La-Z-Boy by 290.0% during the second quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 670 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of 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 in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of La-Z-Boy by 3,130.8% during the third quarter. CIBC Private Wealth Group LLC now owns 1,260 shares of the company’s stock worth $43,000 after purchasing 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 fourth quarter worth $54,000. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of La-Z-Boy in a report on Monday, May 18th. Wall Street Zen raised shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.00.

Key La-Z-Boy News

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

• Positive Sentiment: Fiscal fourth-quarter EPS of $1.26 beat the consensus estimate of $0.82, while revenue of $570.3 million also slightly topped forecasts. La-Z-Boy Incorporated Reports Strong Fourth Quarter Results Led By Retail Sales Growth And Broad-Based Margin Improvement; Finalizes Multiple Strategic Initiatives
• Positive Sentiment: The company authorized a new $300 million share repurchase program and also highlighted a fifth straight annual increase in its quarterly dividend, signaling confidence in cash flow and shareholder returns. La-Z-Boy Incorporated Reports Strong Fourth Quarter Results Led By Retail Sales Growth And Broad-Based Margin Improvement; Finalizes Multiple Strategic Initiatives
• Positive Sentiment: Retail segment sales rose and margins improved, helped by new stores and strong company-owned retail growth, suggesting the business is executing well despite a soft furniture backdrop. La-Z-Boy Incorporated Reports Strong Fourth Quarter Results Led By Retail Sales Growth And Broad-Based Margin Improvement; Finalizes Multiple Strategic Initiatives
• Neutral Sentiment: Management also issued first-quarter fiscal 2027 revenue guidance of $490 million to $510 million, which was roughly in line with Street expectations and did not appear to introduce a major downside surprise. La-Z-Boy Incorporated Reports Strong Fourth Quarter Results Led By Retail Sales Growth And Broad-Based Margin Improvement; Finalizes Multiple Strategic Initiatives
• Neutral Sentiment: Commentary from analysts and market coverage noted the stock was moving higher on the earnings beat and buyback announcement, reinforcing that investors are focused on improved profitability and capital returns rather than a major change in long-term fundamentals. Why La-Z-Boy Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket

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.