Landscape Capital Management L.L.C. Sells 38,596 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Landscape Capital Management L.L.C. lessened its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,547 shares of the company's stock after selling 38,596 shares during the period. Landscape Capital Management L.L.C. owned about 0.13% of La-Z-Boy worth $2,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of La-Z-Boy by 321.1% in the 4th quarter. Wellington Management Group LLP now owns 311,578 shares of the company's stock worth $13,575,000 after purchasing an additional 237,578 shares during the period. Weiss Asset Management LP purchased a new stake in La-Z-Boy in the third quarter worth about $5,988,000. Norges Bank bought a new stake in La-Z-Boy during the 4th quarter valued at approximately $5,786,000. Teacher Retirement System of Texas grew its holdings in shares of La-Z-Boy by 338.4% during the 4th quarter. Teacher Retirement System of Texas now owns 163,713 shares of the company's stock worth $7,133,000 after acquiring an additional 126,371 shares during the period. Finally, abrdn plc raised its position in shares of La-Z-Boy by 38.1% in the 4th quarter. abrdn plc now owns 347,589 shares of the company's stock worth $15,148,000 after acquiring an additional 95,812 shares in the last quarter. Institutional investors own 99.62% of the company's stock.

La-Z-Boy Stock Performance

Shares of NYSE LZB traded down $0.88 during mid-day trading on Thursday, hitting $38.07. 144,092 shares of the stock traded hands, compared to its average volume of 479,328. The stock has a fifty day moving average price of $41.81 and a 200-day moving average price of $42.53. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 13.04 and a beta of 1.31. La-Z-Boy Incorporated has a 52 week low of $32.00 and a 52 week high of $48.31.

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La-Z-Boy (NYSE:LZB - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, topping 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 firm had revenue of $521.78 million for the quarter, compared to the consensus estimate of $516.47 million. As a group, sell-side analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were paid a $0.22 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.31%. La-Z-Boy's dividend payout ratio 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.