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La-Z-Boy Elects Directors and Approves Executive Compensation
ByAinvest
Wednesday, Aug 27, 2025 8:50 pm ET1min read
La-Z-Boy Incorporated held its annual meeting, electing nine directors to serve until 2026. PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm, and the compensation of named executive officers was approved. The company's overall stock score reflects stable financial health and strategic growth initiatives, offset by technical bearishness and challenges in revenue and cash flow.
La-Z-Boy Incorporated (NYSE: LZB) recently held its annual meeting, where key decisions were made to steer the company's future. The meeting saw the election of nine directors to serve until 2026 and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2026. Additionally, the compensation of named executive officers was approved, reflecting the company's commitment to transparent governance.The company's overall stock score indicates stable financial health and strategic growth initiatives. However, the score also reflects technical bearishness and challenges in revenue and cash flow. Despite these challenges, La-Z-Boy's commitment to quality and consumer comfort remains a cornerstone of its operations. The company operates nearly 210 company-owned La-Z-Boy Furniture Galleries® stores and has a broader network of nearly 370 stores, alongside its extensive online presence.
La-Z-Boy's latest dividend declaration of $0.22 per share, to be paid on September 15, 2025, demonstrates the company's commitment to providing returns to its shareholders. This dividend follows the company's history of dividend payments, which began in 1927 with the invention of the iconic recliner.
The company's stock has seen significant hedge fund activity, with 112 institutional investors adding shares and 145 decreasing their positions in the most recent quarter. Notable recent moves include SCHRODER INVESTMENT MANAGEMENT GROUP removing 692,439 shares from their portfolio and CITADEL ADVISORS LLC adding 192,155 shares to their portfolio.
Wall Street analysts have issued mixed ratings on La-Z-Boy's stock, with one firm issuing a "Overweight" rating and no firms issuing sell ratings. The company's strategic growth initiatives, combined with its strong brand value and customer loyalty, position La-Z-Boy for future success despite current challenges.
References:
[1] https://www.morningstar.com/news/globe-newswire/9517777/la-z-boy-incorporated-declares-quarterly-dividend
[2] https://www.quiverquant.com/news/La-Z-Boy+Incorporated+Declares+Quarterly+Cash+Dividend+of+%240.22+per+Share
[3] https://seekingalpha.com/news/4488964-motorola-solutions-declares-1_09-dividend
[4] https://www.quiverquant.com/news/La-Z-Boy+Incorporated+Declares+Quarterly+Cash+Dividend+of+%240.22+per+Share
[5] https://www.quiverquant.com/news/La-Z-Boy+Incorporated+Declares+Quarterly+Cash+Dividend+of+%240.22+per+Share
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