JPMorgan Chase & Co. Has $12.72 Million Holdings in La-Z-Boy Incorporated (NYSE:LZB)

JPMorgan Chase & Co. lifted its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 40.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,912 shares of the company's stock after buying an additional 84,180 shares during the quarter. JPMorgan Chase & Co. owned about 0.70% of La-Z-Boy worth $12,719,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LZB. Smartleaf Asset Management LLC grew its stake in shares of La-Z-Boy by 244.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock worth $29,000 after purchasing an additional 467 shares during the period. TD Private Client Wealth LLC acquired a new position in shares of La-Z-Boy in the third quarter valued at approximately $43,000. Venturi Wealth Management LLC acquired a new position in La-Z-Boy in the 4th quarter worth $51,000. Verity Asset Management Inc. acquired a new stake in La-Z-Boy in the 4th quarter valued at $275,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of La-Z-Boy in the 4th quarter valued at about $349,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.

La-Z-Boy Stock Performance

NYSE LZB traded down $0.43 during trading hours on Tuesday, hitting $38.02. 343,836 shares of the company traded hands, compared to its average volume of 482,260. La-Z-Boy Incorporated has a twelve month low of $32.00 and a twelve month high of $48.31. The business's 50-day moving average is $41.33 and its 200-day moving average is $42.46. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 13.07 and a beta of 1.31.

Remove Ads

La-Z-Boy (NYSE:LZB - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $521.78 million during the quarter, compared to the consensus estimate of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. Analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.31%. La-Z-Boy's payout ratio is presently 30.24%.

La-Z-Boy Company 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.