14,649 Shares in La-Z-Boy Incorporated (NYSE:LZB) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,649 shares of the company's stock, valued at approximately $638,000.

A number of other large investors also recently modified their holdings of LZB. KLP Kapitalforvaltning AS purchased a new stake in La-Z-Boy in the 4th quarter worth approximately $349,000. American Century Companies Inc. increased its holdings in shares of La-Z-Boy by 3.0% in the fourth quarter. American Century Companies Inc. now owns 1,149,236 shares of the company's stock worth $50,072,000 after purchasing an additional 33,416 shares during the period. Teacher Retirement System of Texas raised its position in shares of La-Z-Boy by 338.4% in the fourth quarter. Teacher Retirement System of Texas now owns 163,713 shares of the company's stock worth $7,133,000 after buying an additional 126,371 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of La-Z-Boy by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 999,523 shares of the company's stock worth $43,549,000 after buying an additional 24,125 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in La-Z-Boy by 39.6% during the fourth quarter. Picton Mahoney Asset Management now owns 9,381 shares of the company's stock valued at $409,000 after buying an additional 2,661 shares during the period. 99.62% of the stock is currently owned by institutional investors.

La-Z-Boy Price Performance

NYSE LZB traded down $1.42 during trading on Friday, reaching $38.69. The company's stock had a trading volume of 405,369 shares, compared to its average volume of 473,103. The firm has a fifty day moving average of $43.41 and a 200 day moving average of $42.82. La-Z-Boy Incorporated has a one year low of $32.00 and a one year high of $48.31. The stock has a market capitalization of $1.60 billion, a PE 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 quarterly earnings data 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 return on equity of 12.38% and a net margin of 5.92%. Research analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The business also recently disclosed 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. This represents a $0.88 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy's dividend payout ratio (DPR) is currently 30.24%.

La-Z-Boy 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.