Amundi Purchases 12,921 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Amundi grew its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 174.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,325 shares of the company's stock after purchasing an additional 12,921 shares during the period. Amundi's holdings in La-Z-Boy were worth $876,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake 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 stake in shares of La-Z-Boy in the third quarter valued at about $30,000. KBC Group NV lifted 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 boosted its holdings in La-Z-Boy by 7.7% during 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 last quarter. Finally, TD Private Client Wealth LLC bought a new stake in La-Z-Boy in the 3rd quarter worth about $43,000. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock traded down $0.64 during mid-day trading on Friday, hitting $38.45. 4,146,425 shares of the stock were exchanged, compared to its average volume of 453,807. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31. The company has a 50-day simple moving average of $43.89 and a 200 day simple moving average of $42.85. The company has a market capitalization of $1.59 billion, a P/E ratio of 13.21 and a beta of 1.38.

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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 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 the consensus estimate of $516.47 million. 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 declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy's dividend payout ratio (DPR) is currently 30.24%.

La-Z-Boy 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.