La-Z-Boy Incorporated (NYSE:LZB) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 67.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,949 shares of the company's stock after buying an additional 58,146 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.35% of La-Z-Boy worth $6,272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of La-Z-Boy during the third quarter worth $30,000. TD Private Client Wealth LLC purchased a new position in shares of La-Z-Boy during the third quarter worth $43,000. Advisors Asset Management Inc. raised its holdings in shares of La-Z-Boy by 176.5% during the third quarter. Advisors Asset Management Inc. now owns 3,973 shares of the company's stock worth $171,000 after purchasing an additional 2,536 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of La-Z-Boy during the third quarter worth $245,000. Finally, Commerce Bank acquired a new stake in shares of La-Z-Boy during the 3rd quarter valued at about $264,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.

La-Z-Boy Price Performance

NYSE LZB traded down $0.00 during trading hours on Friday, reaching $44.58. The company's stock had a trading volume of 311,532 shares, compared to its average volume of 445,143. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.31 and a beta of 1.35. The company's 50-day moving average is $44.72 and its two-hundred day moving average is $42.78. La-Z-Boy Incorporated has a 1-year low of $32.00 and a 1-year high of $48.31.

La-Z-Boy (NYSE:LZB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The company 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%. Equities analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, March 4th. La-Z-Boy's payout ratio is presently 30.24%.

La-Z-Boy Company Profile

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.