Powell speech takes center stage in Tuesday’s economic events
La-Z-Boy Inc. stock reached a new 52-week low, closing at $31.97. This marks a significant downturn for the furniture maker, which has seen its stock decline by 19.21% over the past year. According to InvestingPro data, the company maintains strong fundamentals with a healthy 43.8% gross profit margin and has consistently paid dividends for 14 consecutive years, currently yielding 2.7%. The company’s shares have struggled amidst a challenging retail environment and shifting consumer preferences, contributing to the downward trend. This 52-week low underscores the hurdles La-Z-Boy faces as it seeks to regain investor confidence and stabilize its market position. InvestingPro analysis indicates the stock is currently undervalued, with analysts maintaining a moderate buy consensus and forecasting profitability for the upcoming year. Get access to 8 more exclusive ProTips and comprehensive analysis with InvestingPro.
In other recent news, La-Z-Boy Incorporated reported its first-quarter earnings for fiscal year 2026, which fell short of analyst expectations. The company announced an adjusted earnings per share (EPS) of $0.47, missing the anticipated $0.53, resulting in an EPS surprise of -11.32%. Revenue for the quarter was $492.23 million, slightly below the forecast of $494 million. Additionally, La-Z-Boy declared a quarterly cash dividend of $0.22 per share, payable on September 15, 2025, to shareholders of record as of September 4, 2025. This announcement follows the company’s annual meeting, where nine director nominees were elected to serve until the 2026 annual meeting. These developments highlight La-Z-Boy’s ongoing strategic and financial decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.