ExodusPoint Capital Management LP Buys New Shares in La-Z-Boy Incorporated (NYSE:LZB)

ExodusPoint Capital Management LP purchased a new position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 54,646 shares of the company's stock, valued at approximately $2,381,000. ExodusPoint Capital Management LP owned about 0.13% of La-Z-Boy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in La-Z-Boy by 16.0% in the 3rd quarter. FMR LLC now owns 74,009 shares of the company's stock valued at $3,177,000 after acquiring an additional 10,195 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of La-Z-Boy in the third quarter valued at approximately $370,000. State Street Corp increased its holdings in shares of La-Z-Boy by 0.4% in the third quarter. State Street Corp now owns 1,672,009 shares of the company's stock valued at $71,779,000 after purchasing an additional 6,925 shares in the last quarter. Wellington Management Group LLP bought a new position in La-Z-Boy in the 3rd quarter worth approximately $3,177,000. Finally, Barclays PLC lifted its holdings in La-Z-Boy by 244.6% during the 3rd quarter. Barclays PLC now owns 75,256 shares of the company's stock worth $3,230,000 after buying an additional 53,419 shares in the last quarter. 99.62% of the stock is owned by institutional investors and hedge funds.

La-Z-Boy Price Performance

Shares of NYSE LZB traded up $0.10 during midday trading on Friday, hitting $38.51. The stock had a trading volume of 558,688 shares, compared to its average volume of 482,122. The company's 50-day simple moving average is $41.51 and its 200 day simple moving average is $42.48. The firm has a market cap of $1.59 billion, a P/E ratio of 13.23 and a beta of 1.31. La-Z-Boy Incorporated has a fifty-two week low of $32.00 and a fifty-two week high of $48.31.

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

La-Z-Boy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.29%. La-Z-Boy's dividend payout ratio is 30.24%.

About La-Z-Boy

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.