La-Z-Boy Incorporated (NYSE:LZB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of La-Z-Boy Incorporated (NYSE:LZB) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.00.

Several equities research analysts have recently weighed in on LZB shares. Weiss Ratings reiterated a “hold (c)” rating on shares of La-Z-Boy in a research note on Monday, May 18th. Wall Street Zen upgraded La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Sunday.

La-Z-Boy Trading Down 6.7%

LZB stock opened at $35.25 on Wednesday. La-Z-Boy has a 1-year low of $29.03 and a 1-year high of $41.06. The firm has a market cap of $1.44 billion, a P/E ratio of 17.45 and a beta of 1.26. The business’s 50 day moving average is $35.65 and its 200-day moving average is $36.39.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings data on Tuesday, June 16th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.44. La-Z-Boy had a return on equity of 10.79% and a net margin of 3.93%.The company 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 company posted $0.36 EPS. The company’s revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that La-Z-Boy will post 2.6 EPS for the current year.

La-Z-Boy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd were paid a $0.242 dividend. This represents a $0.97 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, June 2nd. La-Z-Boy’s dividend payout ratio is currently 48.02%.

Institutional Investors Weigh In On La-Z-Boy

A number of large investors have recently bought and sold shares of the business. Access Investment Management LLC grew its position in La-Z-Boy by 103.2% during the 1st quarter. Access Investment Management LLC now owns 184,375 shares of the company’s stock worth $5,926,000 after acquiring an additional 93,630 shares during the last quarter. Bank of America Corp DE grew its position in La-Z-Boy by 2.7% during the 1st quarter. Bank of America Corp DE now owns 430,129 shares of the company’s stock worth $13,824,000 after acquiring an additional 11,422 shares during the last quarter. Amundi bought a new stake in La-Z-Boy during the 1st quarter worth approximately $350,000. Empowered Funds LLC bought a new stake in La-Z-Boy during the 1st quarter worth approximately $4,884,000. Finally, Quantinno Capital Management LP grew its position in La-Z-Boy by 47.7% during the 1st quarter. Quantinno Capital Management LP now owns 10,902 shares of the company’s stock worth $350,000 after acquiring an additional 3,519 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors.

La-Z-Boy News Roundup

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

• Positive Sentiment: La-Z-Boy reported fiscal Q4 EPS of $1.26, well above the $0.82 consensus estimate, while revenue of $570.3 million also slightly topped expectations. Article Title
• Positive Sentiment: The company said retail written sales rose 11% and delivered sales increased 9%, with margin improvement across both the retail and wholesale businesses. Article Title
• Positive Sentiment: La-Z-Boy also authorized a new $300 million share repurchase program and raised its dividend for the fifth straight year, signaling confidence in cash flow and shareholder returns. Article Title
• Neutral Sentiment: Management also updated first-quarter fiscal 2027 revenue guidance to $490 million-$510 million, which appears to bracket Street expectations and keeps the near-term outlook in focus.
• Neutral Sentiment: Broader coverage noted the quarter was helped by new store openings and retail expansion, while some legacy wholesale businesses were exited as part of strategic restructuring.
• Negative Sentiment: Some parts of the business remain mixed, including slightly lower wholesale delivered sales and lower delivered volume in the Joybird brand, which could limit how quickly results accelerate.

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.