Barclays PLC raised its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 244.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,256 shares of the company's stock after purchasing an additional 53,419 shares during the period. Barclays PLC owned 0.18% of La-Z-Boy worth $3,230,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Assetmark Inc. acquired a new position in La-Z-Boy in the 3rd quarter valued at $30,000. Quarry LP raised its stake in shares of La-Z-Boy by 2,550.0% in the 2nd quarter. Quarry LP now owns 1,378 shares of the company's stock valued at $51,000 after acquiring an additional 1,326 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of La-Z-Boy during the second quarter worth about $63,000. Innealta Capital LLC purchased a new position in La-Z-Boy in the 2nd quarter worth approximately $69,000. Finally, Quest Partners LLC acquired a new stake in La-Z-Boy during the 2nd quarter valued at $91,000. Hedge funds and other institutional investors own 99.62% of the company's stock.
La-Z-Boy Trading Up 1.5 %
LZB stock traded up $0.64 during mid-day trading on Tuesday, hitting $43.90. 142,198 shares of the company were exchanged, compared to its average volume of 439,079. The firm has a fifty day simple moving average of $42.50 and a 200 day simple moving average of $41.05. The company has a market capitalization of $1.82 billion, a PE ratio of 15.19 and a beta of 1.34. La-Z-Boy Incorporated has a twelve month low of $32.00 and a twelve month high of $46.47.
La-Z-Boy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, December 5th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, December 5th. This is an increase from La-Z-Boy's previous quarterly dividend of $0.20. La-Z-Boy's payout ratio is currently 30.45%.
About La-Z-Boy
(
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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