La-Z-Boy shares jumped 14.8% intraday on June 17 after the furniture retailer reported better-than-expected quarterly results and disclosed its most aggressive store expansion in nearly 100 years. Fourth-quarter fiscal 2026 revenue was roughly flat year-over-year at $570.34 million, but adjusted earnings per share surged 37% to $1.26, well above the $0.82 analyst consensus. The company-owned store network grew by four locations to 230, representing 61% of the total 378-store network, and the full fiscal year saw 15 new store openings plus the purchase of 15 independent locations. While short interest as a percentage of float is only 4.13% with a 1.93-day short interest ratio, the off-exchange short volume ratio stands at 61.54%, indicating significant institutional short-selling activity that could fuel a short squeeze. Wall Street rates the stock a Moderate Buy with a consensus price target of $43.67, implying a 10.1% upside from current levels.
La-Z-Boy IncorporatedLa-Z-Boy reported better-than-expected quarterly earnings (EPS $1.26 vs $0.82 consensus) and disclosed aggressive store expansion.