Victory Capital Management Inc. Has $908,000 Stock Position in La-Z-Boy Incorporated (NYSE:LZB)

Victory Capital Management Inc. lowered its position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 79.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,367 shares of the company's stock after selling 94,240 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of La-Z-Boy worth $908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Innealta Capital LLC acquired a new stake in La-Z-Boy in the 2nd quarter valued at approximately $69,000. Allspring Global Investments Holdings LLC acquired a new position in shares of La-Z-Boy during the first quarter valued at $70,000. SG Americas Securities LLC raised its stake in shares of La-Z-Boy by 122.7% during the second quarter. SG Americas Securities LLC now owns 6,778 shares of the company's stock valued at $253,000 after purchasing an additional 3,734 shares in the last quarter. PFG Advisors lifted its holdings in La-Z-Boy by 23.5% in the first quarter. PFG Advisors now owns 8,445 shares of the company's stock worth $318,000 after purchasing an additional 1,607 shares during the period. Finally, ProShare Advisors LLC grew its position in La-Z-Boy by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 8,742 shares of the company's stock valued at $329,000 after buying an additional 599 shares in the last quarter. Institutional investors own 99.62% of the company's stock.

Insider Activity at La-Z-Boy

In other La-Z-Boy news, Director Janet Kerr sold 3,890 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $40.89, for a total transaction of $159,062.10. Following the sale, the director now owns 3,372 shares in the company, valued at approximately $137,881.08. The transaction was disclosed in a filing with the SEC, which is available through this link. In other La-Z-Boy 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 transaction of $159,062.10. Following the transaction, the director now directly owns 3,372 shares in the company, valued at approximately $137,881.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jennifer Lynn Mccurry sold 4,414 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.31, for a total value of $182,342.34. Following the completion of the sale, the chief accounting officer now owns 13,236 shares of the company's stock, valued at approximately $546,779.16. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

La-Z-Boy Stock Performance

Shares of NYSE LZB opened at $43.45 on Friday. La-Z-Boy Incorporated has a 1 year low of $27.92 and a 1 year high of $45.23. The firm has a market cap of $1.82 billion, a P/E ratio of 15.35 and a beta of 1.28. The stock has a fifty day moving average price of $41.63 and a two-hundred day moving average price of $37.87.

La-Z-Boy (NYSE:LZB - Get Free Report) last released its earnings results on Tuesday, August 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. La-Z-Boy had a return on equity of 12.90% and a net margin of 5.89%. The firm had revenue of $495.50 million for the quarter, compared to analyst estimates of $482.23 million. During the same period in the previous year, the company earned $0.62 earnings per share. La-Z-Boy's revenue was up 2.9% compared to the same quarter last year. On average, research analysts predict that La-Z-Boy Incorporated will post 2.98 earnings per share for the current fiscal year.

La-Z-Boy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Thursday, September 5th. La-Z-Boy's dividend payout ratio is presently 28.27%.

Wall Street Analyst Weigh In

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

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.