Access Investment Management LLC cut its position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 8.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 106,535 shares of the company's stock after selling 9,400 shares during the period. La-Z-Boy makes up about 1.3% of Access Investment Management LLC's investment portfolio, making the stock its 24th largest holding. Access Investment Management LLC owned about 0.26% of La-Z-Boy worth $4,642,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in LZB. State Street Corp raised its holdings in La-Z-Boy by 0.4% in the 3rd quarter. State Street Corp now owns 1,672,009 shares of the company's stock worth $71,779,000 after acquiring an additional 6,925 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of La-Z-Boy by 9.4% in the 3rd quarter. Systematic Financial Management LP now owns 563,684 shares of the company's stock worth $24,199,000 after purchasing an additional 48,263 shares in the last quarter. abrdn plc raised its stake in shares of La-Z-Boy by 38.1% in the fourth quarter. abrdn plc now owns 347,589 shares of the company's stock worth $15,148,000 after purchasing an additional 95,812 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of La-Z-Boy by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 223,683 shares of the company's stock valued at $9,746,000 after purchasing an additional 6,908 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of La-Z-Boy by 5.4% during the third quarter. Empowered Funds LLC now owns 202,786 shares of the company's stock valued at $8,706,000 after purchasing an additional 10,318 shares in the last quarter. Institutional investors own 99.62% of the company's stock.
La-Z-Boy Price Performance
NYSE LZB traded down $0.33 during trading hours on Wednesday, hitting $45.67. The company's stock had a trading volume of 534,818 shares, compared to its average volume of 468,917. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31. The company's 50 day simple moving average is $44.77 and its two-hundred day simple moving average is $42.87. The company has a market cap of $1.89 billion, a P/E ratio of 15.69 and a beta of 1.35.
La-Z-Boy (NYSE:LZB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. The firm had revenue of $521.78 million during the quarter, compared to analyst estimates of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. As a group, research analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.
La-Z-Boy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.88 annualized dividend and a dividend yield of 1.93%. La-Z-Boy's payout ratio is 30.24%.
La-Z-Boy Profile
(
Free Report)
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces.
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