La-Z-Boy Incorporated (NYSE:LZB) Holdings Lowered by Schroder Investment Management Group

Schroder Investment Management Group lowered its position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 20.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 692,439 shares of the company's stock after selling 173,871 shares during the period. Schroder Investment Management Group owned 1.67% of La-Z-Boy worth $30,170,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Cerity Partners LLC grew its position in La-Z-Boy by 31.6% in the 3rd quarter. Cerity Partners LLC now owns 20,618 shares of the company's stock worth $885,000 after purchasing an additional 4,949 shares during the last quarter. FMR LLC grew its holdings in La-Z-Boy by 16.0% in the 3rd quarter. FMR LLC now owns 74,009 shares of the company's stock worth $3,177,000 after buying an additional 10,195 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in La-Z-Boy by 157.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 37,657 shares of the company's stock worth $1,617,000 after buying an additional 23,028 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in La-Z-Boy by 9.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,146 shares of the company's stock valued at $478,000 after acquiring an additional 1,008 shares during the period. Finally, Captrust Financial Advisors bought a new stake in La-Z-Boy during the 3rd quarter valued at $370,000. Institutional investors and hedge funds own 99.62% of the company's stock.

La-Z-Boy Stock Performance

Shares of NYSE:LZB traded up $0.50 on Friday, hitting $37.31. The company's stock had a trading volume of 693,845 shares, compared to its average volume of 475,967. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.82 and a beta of 1.31. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31. The stock's 50-day moving average is $42.74 and its two-hundred day moving average is $42.74.

La-Z-Boy (NYSE:LZB - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $516.47 million. Equities analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a $0.22 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.36%. La-Z-Boy's dividend payout ratio (DPR) is 30.24%.

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.