LA-Z-BOY Earnings Preview: Insider Trading & Hedge Fund Moves

LA-Z-BOY is set to release earnings with expectations of revenue at $521.7M and EPS of $0.69. Analysts highlight insider sell-offs, which could signal cautious investor sentiment surrounding the upcoming report.

Date: 17-02-2025

AI Rating: 5

Quarterly Earnings Expectations

LA-Z-BOY is anticipating quarterly earnings to be released on February 18th, with analysts projecting a revenue of $521,704,056 and an earnings per share (EPS) of $0.69. The figures indicate that investors have certain expectations going into this report, which can significantly impact stock prices, depending on whether these expectations are met or exceeded.

Insider Trading Activity

Recent insider trading shows that LA-Z-BOY executives have sold stock without any purchases, indicating a possible lack of confidence amongst top management regarding the future performance of the company. Jennifer Lynn McCurry, the Chief Accounting Officer, sold 4,414 shares for approximately $182,325, and Janet Kerr sold 3,890 shares for roughly $159,050. This insider selling can raise red flags for investors, potentially leading to a negative perception of the stock.

Hedge Fund Activity

Institutional investor activity has also raised concerns as 93 investors added shares while 140 decreased their holdings in LA-Z-BOY during the most recent quarter. Notably, major players like Pacer Advisors Inc. and Bridgeway Capital Management LLC significantly reduced their stakes, which reflects a potentially negative outlook among institutional investors. These actions could heavily influence market sentiment and, in turn, LA-Z-BOY's stock price leading to its earnings release.

Stocks: LZB