Norges Bank bought a new position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 132,798 shares of the company's stock, valued at approximately $5,786,000. Norges Bank owned about 0.32% of La-Z-Boy at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC raised its position in La-Z-Boy by 244.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock valued at $29,000 after purchasing an additional 467 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in La-Z-Boy in the third quarter valued at $43,000. Venturi Wealth Management LLC bought a new position in shares of La-Z-Boy in the 4th quarter worth about $51,000. Verity Asset Management Inc. acquired a new stake in La-Z-Boy during the fourth quarter worth approximately $275,000. Finally, KLP Kapitalforvaltning AS bought a new stake in La-Z-Boy in the fourth quarter worth approximately $349,000. Institutional investors and hedge funds own 99.62% of the company's stock.
La-Z-Boy Stock Performance
Shares of La-Z-Boy stock traded up $0.10 on Friday, reaching $38.51. 558,688 shares of the company's stock were exchanged, compared to its average volume of 482,122. The company has a market capitalization of $1.59 billion, a P/E ratio of 13.23 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. The firm's 50-day moving average is $41.51 and its two-hundred day moving average is $42.48.
La-Z-Boy (NYSE:LZB - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $516.47 million. On average, analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.
La-Z-Boy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy's payout ratio is 30.24%.
La-Z-Boy 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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