Arrowstreet Capital Limited Partnership trimmed its position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 35.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,942 shares of the company's stock after selling 118,338 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.53% of La-Z-Boy worth $9,496,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. State Street Corp raised its holdings in La-Z-Boy by 0.4% in the 3rd quarter. State Street Corp now owns 1,672,009 shares of the company's stock worth $71,779,000 after acquiring an additional 6,925 shares during the period. American Century Companies Inc. increased its stake in shares of La-Z-Boy by 3.0% in the fourth quarter. American Century Companies Inc. now owns 1,149,236 shares of the company's stock worth $50,072,000 after purchasing an additional 33,416 shares during the period. William Blair Investment Management LLC lifted its position in shares of La-Z-Boy by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 999,523 shares of the company's stock worth $43,549,000 after purchasing an additional 24,125 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in La-Z-Boy by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 801,140 shares of the company's stock valued at $34,906,000 after purchasing an additional 22,168 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in La-Z-Boy by 2.0% during the 4th quarter. Bank of New York Mellon Corp now owns 471,642 shares of the company's stock valued at $20,549,000 after purchasing an additional 9,383 shares during the period. 99.62% of the stock is owned by institutional investors.
La-Z-Boy Stock Up 0.3 %
NYSE LZB traded up $0.10 during trading on Friday, hitting $38.51. The company's stock had a trading volume of 558,688 shares, compared to its average volume of 482,122. La-Z-Boy Incorporated has a 52 week low of $32.00 and a 52 week high of $48.31. The firm has a market cap of $1.59 billion, a P/E ratio of 13.23 and a beta of 1.31. The firm has a 50 day moving average price of $41.67 and a 200 day moving average price of $42.51.
La-Z-Boy (NYSE:LZB - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.92% and a return on equity of 12.38%. The business had revenue of $521.78 million during the quarter, compared to analyst estimates of $516.47 million. On average, equities analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.
La-Z-Boy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, March 4th. La-Z-Boy's payout ratio is presently 30.24%.
La-Z-Boy Company 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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