La-Z-Boy Shares Sold by First Trust Advisors

Investment firm cuts stake in furniture company by over 22%

Mar. 12, 2026 at 9:48am

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First Trust Advisors LP, an investment management firm, reduced its holdings in shares of furniture maker La-Z-Boy Incorporated (NYSE:LZB) by 22.3% during the third quarter of 2025. The firm previously owned approximately 3.23% of La-Z-Boy's stock, valued at $45.65 million.

Why it matters

This transaction reflects broader shifts in investment strategies and portfolio allocations as institutional investors adjust their positions in response to market conditions and company performance. The reduced stake in La-Z-Boy may signal a change in First Trust's outlook on the furniture industry or the company's prospects.

The details

According to a 13F filing with the Securities and Exchange Commission, First Trust Advisors sold 382,568 shares of La-Z-Boy during the third quarter, leaving the firm with 1,330,156 shares. La-Z-Boy, known for its iconic recliners and other upholstered furniture, has seen its stock price fluctuate in recent quarters amid broader economic uncertainty.

  • First Trust Advisors reduced its La-Z-Boy stake during the third quarter of 2025.
  • The firm previously owned approximately 3.23% of La-Z-Boy's stock as of the end of the second quarter.

The players

First Trust Advisors LP

An investment management firm that previously held a significant stake in furniture maker La-Z-Boy Incorporated.

La-Z-Boy Incorporated

A leading U.S. manufacturer and marketer of residential furniture, best known for its upholstered recliners, sofas, stationary chairs and sleeper sofas.

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The takeaway

This transaction highlights the dynamic nature of institutional investment strategies and the ongoing shifts in the furniture industry as companies navigate economic conditions and consumer preferences.