Thrivent Financial for Lutherans Has $1.32 Million Stake in La-Z-Boy Incorporated (NYSE:LZB)

Thrivent Financial for Lutherans decreased its position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 40.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,478 shares of the company's stock after selling 24,202 shares during the period. Thrivent Financial for Lutherans owned 0.08% of La-Z-Boy worth $1,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of La-Z-Boy during the 1st quarter worth $1,077,000. Texas Permanent School Fund Corp boosted its holdings in La-Z-Boy by 32.0% in the second quarter. Texas Permanent School Fund Corp now owns 49,422 shares of the company's stock worth $1,842,000 after purchasing an additional 11,981 shares in the last quarter. XTX Topco Ltd acquired a new position in La-Z-Boy during the second quarter worth $740,000. Price T Rowe Associates Inc. MD raised its holdings in La-Z-Boy by 4.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 64,436 shares of the company's stock valued at $2,425,000 after buying an additional 2,717 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of La-Z-Boy by 1.3% in the fourth quarter. Schroder Investment Management Group now owns 692,004 shares of the company's stock worth $25,549,000 after buying an additional 8,722 shares during the last quarter. Hedge funds and other institutional investors own 99.62% of the company's stock.

Wall Street Analyst Weigh In

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

La-Z-Boy Stock Up 1.3 %

Shares of NYSE:LZB traded up $0.52 during trading on Friday, reaching $41.33. The stock had a trading volume of 254,864 shares, compared to its average volume of 452,779. The stock has a fifty day simple moving average of $41.62 and a two-hundred day simple moving average of $38.28. La-Z-Boy Incorporated has a 52 week low of $27.92 and a 52 week high of $45.23. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 14.60 and a beta of 1.28.

La-Z-Boy (NYSE:LZB - Get Free Report) last announced its earnings results on Tuesday, August 20th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. La-Z-Boy had a net margin of 5.89% and a return on equity of 12.90%. The firm had revenue of $495.50 million for the quarter, compared to the consensus estimate of $482.23 million. During the same quarter last year, the firm posted $0.62 EPS. The business's quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that La-Z-Boy Incorporated will post 2.98 EPS for the current year.

La-Z-Boy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.80 annualized dividend and a yield of 1.94%. La-Z-Boy's payout ratio is 28.27%.

Insider Buying and Selling at La-Z-Boy

In other news, Director Janet Kerr sold 3,890 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $40.89, for a total transaction of $159,062.10. Following the completion of the transaction, the director now directly owns 3,372 shares in the company, valued at $137,881.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other La-Z-Boy news, Director Janet Kerr sold 3,890 shares of the firm's stock in a transaction 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 sale, the director now directly owns 3,372 shares in the company, valued at $137,881.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jennifer Lynn Mccurry sold 4,414 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.31, for a total value of $182,342.34. Following the transaction, the chief accounting officer now owns 13,236 shares in the company, valued at $546,779.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

La-Z-Boy Company 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.