Invesco Ltd. cut its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 338,166 shares of the company's stock after selling 42,197 shares during the period. Invesco Ltd. owned 0.82% of La-Z-Boy worth $14,734,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in La-Z-Boy by 244.6% during the third 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. World Investment Advisors LLC bought a new stake in La-Z-Boy during the third quarter worth $352,000. Franklin Resources Inc. boosted its holdings in shares of La-Z-Boy by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 26,820 shares of the company's stock valued at $1,074,000 after purchasing an additional 1,454 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of La-Z-Boy by 3.7% during the 4th quarter. Nordea Investment Management AB now owns 178,281 shares of the company's stock worth $7,814,000 after buying an additional 6,388 shares during the last quarter. Finally, KBC Group NV grew its position in La-Z-Boy by 8.3% in the fourth quarter. KBC Group NV now owns 9,593 shares of the company's stock valued at $418,000 after acquiring an additional 734 shares during the last quarter. 99.62% of the stock is owned by institutional investors and hedge funds.
La-Z-Boy Trading Up 2.0 %
LZB stock opened at $38.44 on Monday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 13.21 and a beta of 1.31. The firm has a 50-day moving average price of $40.76 and a 200-day moving average price of $42.35. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31.
La-Z-Boy (NYSE:LZB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%. The company had revenue of $521.78 million during the quarter, compared to analysts' expectations of $516.47 million. As a group, equities analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.
La-Z-Boy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a $0.22 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.29%. La-Z-Boy's dividend payout ratio is 30.24%.
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.
See Also
Want to see what other hedge funds are holding LZB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for La-Z-Boy Incorporated (NYSE:LZB - Free Report).
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