Shares of La-Z-Boy Incorporated (NYSE:LZB - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $41.61 and traded as high as $44.50. La-Z-Boy shares last traded at $43.31, with a volume of 441,620 shares traded.
La-Z-Boy Stock Performance
The business has a 50 day moving average price of $43.31 and a 200-day moving average price of $41.61. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 14.92 and a beta of 1.35.
La-Z-Boy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were paid a $0.22 dividend. The ex-dividend date was Thursday, December 5th. This is an increase from La-Z-Boy's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.04%. La-Z-Boy's dividend payout ratio (DPR) is currently 30.45%.
Hedge Funds Weigh In On La-Z-Boy
A number of large investors have recently modified their holdings of LZB. The Manufacturers Life Insurance Company raised its holdings in La-Z-Boy by 3.1% during the second quarter. The Manufacturers Life Insurance Company now owns 22,059 shares of the company's stock worth $822,000 after buying an additional 672 shares during the last quarter. Sei Investments Co. raised its holdings in shares of La-Z-Boy by 4.5% in the 2nd quarter. Sei Investments Co. now owns 15,991 shares of the company's stock worth $596,000 after acquiring an additional 682 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of La-Z-Boy in the 3rd quarter worth about $30,000. TD Private Client Wealth LLC bought a new position in La-Z-Boy in the 3rd quarter valued at about $43,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in La-Z-Boy by 9.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,146 shares of the company's stock valued at $478,000 after purchasing an additional 1,008 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors.
About La-Z-Boy
(
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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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