Schroder Investment Management Group Sells 173,871 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Schroder Investment Management Group decreased its position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing 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 hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in shares of La-Z-Boy by 244.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock worth $29,000 after purchasing an additional 467 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of La-Z-Boy during the third quarter worth about $43,000. Venturi Wealth Management LLC bought a new stake in shares of La-Z-Boy during the 4th quarter worth $51,000. Verity Asset Management Inc. purchased a new position in shares of La-Z-Boy during the 4th quarter valued at about $275,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of La-Z-Boy in the 4th quarter worth approximately $349,000. Hedge funds and other institutional investors own 99.62% of the company's stock.

La-Z-Boy Stock Performance

LZB stock traded up $0.50 during trading on Friday, hitting $37.31. 693,845 shares of the company traded hands, compared to its average volume of 474,804. The company has a 50-day moving average of $42.91 and a 200-day moving average of $42.78. La-Z-Boy Incorporated has a 1 year low of $32.00 and a 1 year high of $48.31. The firm has a market capitalization of $1.54 billion, a PE ratio of 12.82 and a beta of 1.38.

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La-Z-Boy (NYSE:LZB - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%. The firm had revenue of $521.78 million for the quarter, compared to analysts' expectations of $516.47 million. Sell-side analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

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