Fuller & Thaler Asset Management Inc. Has $41.83 Million Stock Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Fuller & Thaler Asset Management Inc. lifted its stake in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 960,023 shares of the company's stock after purchasing an additional 23,329 shares during the period. Fuller & Thaler Asset Management Inc. owned about 2.31% of La-Z-Boy worth $41,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of La-Z-Boy by 3.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,887 shares of the company's stock worth $2,000,000 after purchasing an additional 1,560 shares during the period. Hsbc Holdings PLC increased its stake in shares of La-Z-Boy by 61.4% during the 4th quarter. Hsbc Holdings PLC now owns 10,436 shares of the company's stock valued at $455,000 after acquiring an additional 3,972 shares during the last quarter. State of Tennessee Department of Treasury grew its position in La-Z-Boy by 1.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 24,504 shares of the company's stock valued at $1,068,000 after acquiring an additional 359 shares during the period. MetLife Investment Management LLC increased its position in shares of La-Z-Boy by 5.0% in the fourth quarter. MetLife Investment Management LLC now owns 25,856 shares of the company's stock worth $1,127,000 after acquiring an additional 1,231 shares in the last quarter. Finally, Barclays PLC lifted its position in La-Z-Boy by 8.1% during the 4th quarter. Barclays PLC now owns 81,318 shares of the company's stock worth $3,543,000 after acquiring an additional 6,062 shares in the last quarter. Institutional investors and hedge funds own 99.62% of the company's stock.

La-Z-Boy Stock Up 1.1 %

LZB traded up $0.41 during trading on Friday, reaching $38.95. 373,612 shares of the company's stock were exchanged, compared to its average volume of 485,904. The business has a 50 day moving average price of $40.06 and a 200 day moving average price of $42.26. 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 capitalization of $1.61 billion, a P/E ratio of 13.38 and a beta of 1.31.

La-Z-Boy (NYSE:LZB - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $521.78 million for the quarter, compared to analyst estimates of $516.47 million. As a group, research analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy's dividend payout ratio (DPR) is presently 30.24%.

Wall Street Analyst Weigh In

Separately, KeyCorp raised La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 target price on the stock in a research report on Friday.

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.