Dynamic Technology Lab Private Ltd Has $1.35 Million Stock Position in La-Z-Boy Incorporated (NYSE:LZB)

Dynamic Technology Lab Private Ltd decreased its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 50.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,408 shares of the company's stock after selling 31,820 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.08% of La-Z-Boy worth $1,348,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in La-Z-Boy during the 3rd quarter valued at about $30,000. Quarry LP increased its stake in La-Z-Boy by 2,550.0% during the 2nd quarter. Quarry LP now owns 1,378 shares of the company's stock valued at $51,000 after buying an additional 1,326 shares during the period. Canada Pension Plan Investment Board acquired a new position in La-Z-Boy during the 2nd quarter valued at about $63,000. Innealta Capital LLC acquired a new position in La-Z-Boy during the 2nd quarter valued at about $69,000. Finally, Quest Partners LLC acquired a new position in La-Z-Boy during the 2nd quarter valued at about $91,000. Institutional investors and hedge funds own 99.62% of the company's stock.

Insider Transactions at La-Z-Boy

In other news, Director Janet Kerr sold 3,890 shares of La-Z-Boy stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $40.89, for a total value of $159,062.10. Following the transaction, the director now owns 3,372 shares of the company's stock, valued at $137,881.08. The trade was a 53.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Sidoti cut shares of La-Z-Boy from a "buy" rating to a "neutral" rating and set a $43.00 target price on the stock. in a research note on Wednesday, August 21st.

La-Z-Boy Price Performance

Shares of LZB opened at $45.26 on Wednesday. The firm's 50 day moving average is $41.33 and its 200-day moving average is $39.84. The stock has a market capitalization of $1.88 billion, a P/E ratio of 15.66 and a beta of 1.29. La-Z-Boy Incorporated has a 12-month low of $30.76 and a 12-month high of $46.35.

La-Z-Boy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.88 annualized dividend and a dividend yield of 1.94%. This is a boost from La-Z-Boy's previous quarterly dividend of $0.20. La-Z-Boy's payout ratio is currently 27.68%.

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.