Dana Investment Advisors Inc. cut its position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,359 shares of the company's stock after selling 10,570 shares during the period. Dana Investment Advisors Inc. owned approximately 0.44% of La-Z-Boy worth $7,989,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in La-Z-Boy by 244.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock valued at $29,000 after buying an additional 467 shares during the last quarter. Assetmark Inc. bought a new position in La-Z-Boy during the third quarter valued at approximately $30,000. TD Private Client Wealth LLC bought a new position in La-Z-Boy during the third quarter valued at approximately $43,000. Venturi Wealth Management LLC bought a new stake in shares of La-Z-Boy in the 4th quarter valued at approximately $51,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of La-Z-Boy by 176.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,973 shares of the company's stock valued at $171,000 after purchasing an additional 2,536 shares during the last quarter. 99.62% of the stock is owned by institutional investors.
La-Z-Boy Price Performance
Shares of NYSE:LZB traded up $0.14 during trading on Friday, hitting $41.71. The company had a trading volume of 395,487 shares, compared to its average volume of 440,676. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 14.33 and a beta of 1.38. La-Z-Boy Incorporated has a one year low of $32.00 and a one year high of $48.31. The company has a fifty day simple moving average of $44.80 and a two-hundred day simple moving average of $42.96.
La-Z-Boy (NYSE:LZB - Get Free Report) last posted its quarterly earnings data 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. The business 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%. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, March 4th. La-Z-Boy's payout ratio is 30.24%.
La-Z-Boy Profile
(
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.
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