American Century Companies Inc. Has $50.07 Million Stock Position in La-Z-Boy Incorporated (NYSE:LZB)

American Century Companies Inc. raised its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,149,236 shares of the company's stock after buying an additional 33,416 shares during the quarter. American Century Companies Inc. owned 2.77% of La-Z-Boy worth $50,072,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in La-Z-Boy by 244.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock valued at $29,000 after acquiring an additional 467 shares during the period. TD Private Client Wealth LLC acquired a new stake in La-Z-Boy during the third quarter valued at approximately $43,000. Venturi Wealth Management LLC bought a new stake in shares of La-Z-Boy in the 4th quarter valued at approximately $51,000. Advisors Asset Management Inc. raised its holdings in shares of La-Z-Boy by 176.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,973 shares of the company's stock worth $171,000 after buying an additional 2,536 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of La-Z-Boy during the 3rd quarter worth approximately $245,000. Institutional investors and hedge funds own 99.62% of the company's stock.

La-Z-Boy Trading Down 3.5 %

LZB stock traded down $1.42 during trading on Friday, hitting $38.69. The company had a trading volume of 405,369 shares, compared to its average volume of 473,104. The company has a fifty day moving average price of $43.41 and a two-hundred day moving average price of $42.85. La-Z-Boy Incorporated has a fifty-two week low of $32.00 and a fifty-two week high of $48.31. The company has a market cap of $1.60 billion, a P/E ratio of 13.30 and a beta of 1.38.

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La-Z-Boy (NYSE:LZB - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The company had revenue of $521.78 million for the quarter, compared to the consensus estimate of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. On average, analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Tuesday, March 4th. La-Z-Boy's payout ratio is 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.