Jackson Creek Investment Advisors LLC Acquires New Shares in La-Z-Boy Incorporated (NYSE:LZB)

Jackson Creek Investment Advisors LLC bought a new stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,883 shares of the company's stock, valued at approximately $1,563,000. Jackson Creek Investment Advisors LLC owned approximately 0.09% of La-Z-Boy at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in La-Z-Boy by 244.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock valued at $29,000 after acquiring an additional 467 shares in the last quarter. Assetmark Inc. purchased a new position in shares of La-Z-Boy in the 3rd quarter valued at approximately $30,000. KBC Group NV boosted its position in shares of La-Z-Boy by 8.3% during the fourth quarter. KBC Group NV now owns 9,593 shares of the company's stock valued at $418,000 after purchasing an additional 734 shares in the last quarter. Versor Investments LP grew its stake in La-Z-Boy by 7.7% in the fourth quarter. Versor Investments LP now owns 11,200 shares of the company's stock worth $488,000 after purchasing an additional 800 shares during the period. Finally, TD Private Client Wealth LLC bought a new position in La-Z-Boy in the third quarter worth $43,000. Hedge funds and other institutional investors own 99.62% of the company's stock.

La-Z-Boy Trading Down 1.2 %

La-Z-Boy stock traded down $0.48 on Tuesday, hitting $40.64. 547,449 shares of the stock traded hands, compared to its average volume of 441,400. La-Z-Boy Incorporated has a 1 year low of $32.00 and a 1 year high of $48.31. The firm has a market cap of $1.68 billion, a P/E ratio of 13.97 and a beta of 1.38. The business's fifty day simple moving average is $44.72 and its 200 day simple moving average is $42.99.

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La-Z-Boy (NYSE:LZB - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $521.78 million during the quarter, compared to analysts' expectations of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. As a group, analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.17%. La-Z-Boy's payout ratio is currently 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.