La-Z-Boy Stock Earnings Estimates Decreased by Sidoti

La-Z-Boy Incorporated (NYSE:LZB) – Sidoti reduced their Q3 2027 earnings estimates for shares of La-Z-Boy in a research report issued to clients and investors on Wednesday, November 11th. Sidoti analyst A. Lebiedzinski now expects that the company will post earnings of $0.54 per share for the quarter, down from their previous forecast of $0.59. The consensus estimate for La-Z-Boy’s current full-year earnings is $2.53 per share. Sidoti also issued estimates for La-Z-Boy’s FY2027 earnings at $2.50 EPS.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings results on Tuesday, August 18th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The firm 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 11.79% and a net margin of 3.86%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS.

Several other brokerages have also weighed in on LZB. Zacks Research upgraded La-Z-Boy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Weiss Ratings cut La-Z-Boy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Wall Street Zen cut La-Z-Boy from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, KeyCorp cut their price objective on La-Z-Boy from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, La-Z-Boy presently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

La-Z-Boy Stock Performance

LZB stock opened at $32.97 on Thursday. La-Z-Boy has a one year low of $28.39 and a one year high of $44.90. The firm has a market cap of $1.32 billion, a PE ratio of 10.85, a PEG ratio of 1.18 and a beta of 1.25. The firm’s 50 day moving average price is $30.46 and its 200-day moving average price is $35.09.

La-Z-Boy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd were given a dividend of $0.2420 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.9%. La-Z-Boy’s dividend payout ratio (DPR) is presently 49.24%.

Insider Buying and Selling

In related news, insider Robert Sundy, II sold 5,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $30.85, for a total transaction of $154,250.00. Following the transaction, the insider owned 59,297 shares of the company’s stock, valued at approximately $1,829,312.45. This represents a 7.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet Kerr sold 3,653 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $31.75, for a total value of $115,982.75. Following the transaction, the director directly owned 4,125 shares in the company, valued at approximately $130,968.75. The trade was a 46.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.12% of the company’s stock.

Hedge Funds Weigh In On La-Z-Boy

Institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new stake in shares of La-Z-Boy during the second quarter worth about $3,896,000. BlackRock Inc. purchased a new position in shares of La-Z-Boy in the second quarter valued at approximately $265,535,000. Hsbc Holdings PLC purchased a new position in shares of La-Z-Boy in the second quarter valued at approximately $1,546,000. Squarepoint Ops LLC acquired a new position in shares of La-Z-Boy in the second quarter valued at approximately $2,052,000. Finally, Empowered Funds LLC acquired a new position in shares of La-Z-Boy in the second quarter valued at approximately $6,475,000. 99.62% of the stock is owned by institutional investors and hedge funds.

About La-Z-Boy

La-Z-Boy Incorporated designs, manufactures, markets and sells residential furniture, including recliners, sofas, chairs and other upholstered products, as well as selected casegoods such as bedroom and dining furniture. Its brands include La-Z-Boy, Joybird, England, Kincaid and American Drew. Founded in 1927 by cousins Edwin Shoemaker and Edward Knabusch, the company grew from their development of an early reclining chair. La-Z-Boy is headquartered in Monroe, Michigan, and sells its products through company-operated stores, independent retailers and online channels, primarily serving customers in North America.