La-Z-Boy (LZB) Set to Announce Quarterly Earnings on Tuesday

La-Z-Boy (NYSE:LZBGet Free Report) will be releasing its earnings data after the market closes on Tuesday, February 20th. Analysts expect La-Z-Boy to post earnings of $0.75 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

La-Z-Boy (NYSE:LZBGet Free Report) last posted its quarterly earnings results on Thursday, November 30th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.62 by $0.12. La-Z-Boy had a net margin of 5.68% and a return on equity of 14.87%. The company had revenue of $511.40 million during the quarter, compared to analysts’ expectations of $502.33 million. During the same quarter in the previous year, the business posted $1.05 EPS. The firm’s revenue was down 16.3% on a year-over-year basis. On average, analysts expect La-Z-Boy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

La-Z-Boy Stock Up 2.1 %

NYSE LZB opened at $38.92 on Tuesday. La-Z-Boy has a 52 week low of $25.12 and a 52 week high of $39.87. The stock has a market capitalization of $1.66 billion, a PE ratio of 13.95 and a beta of 1.17. The firm has a 50 day moving average of $36.30 and a two-hundred day moving average of $32.76.

La-Z-Boy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Friday, December 8th. This is a boost from La-Z-Boy’s previous quarterly dividend of $0.18. La-Z-Boy’s payout ratio is 28.67%.

Institutional Trading of La-Z-Boy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its holdings in shares of La-Z-Boy by 11.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,588 shares of the company’s stock valued at $103,000 after purchasing an additional 364 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of La-Z-Boy by 13.4% in the 2nd quarter. Captrust Financial Advisors now owns 3,730 shares of the company’s stock valued at $88,000 after purchasing an additional 440 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of La-Z-Boy by 1.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 24,107 shares of the company’s stock valued at $690,000 after purchasing an additional 450 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of La-Z-Boy by 1.2% in the 1st quarter. Citigroup Inc. now owns 42,834 shares of the company’s stock valued at $1,129,000 after purchasing an additional 500 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of La-Z-Boy by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 55,228 shares of the company’s stock valued at $1,608,000 after purchasing an additional 564 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th.

Check Out Our Latest Stock Analysis on LZB

About La-Z-Boy

(Get Free Report)

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces.

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Earnings History for La-Z-Boy (NYSE:LZB)

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