Teacher Retirement System of Texas Buys 126,371 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Teacher Retirement System of Texas raised its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 338.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,713 shares of the company's stock after acquiring an additional 126,371 shares during the period. Teacher Retirement System of Texas owned about 0.39% of La-Z-Boy worth $7,133,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of La-Z-Boy by 244.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock worth $29,000 after buying an additional 467 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of La-Z-Boy in the 3rd quarter worth about $43,000. Venturi Wealth Management LLC bought a new position in La-Z-Boy during the fourth quarter valued at about $51,000. Advisors Asset Management Inc. increased its holdings in La-Z-Boy by 176.5% during the third quarter. Advisors Asset Management Inc. now owns 3,973 shares of the company's stock worth $171,000 after buying an additional 2,536 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in La-Z-Boy in the third quarter valued at about $245,000. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Trading Up 1.7 %

Shares of NYSE:LZB traded up $0.68 during mid-day trading on Thursday, reaching $40.16. The company had a trading volume of 471,520 shares, compared to its average volume of 454,835. The company's 50-day moving average price is $43.73 and its 200-day moving average price is $42.86. La-Z-Boy Incorporated has a one year low of $32.00 and a one year high of $48.31. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 13.80 and a beta of 1.38.

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La-Z-Boy (NYSE:LZB - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $521.78 million for the quarter, compared to the consensus estimate of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. On average, research analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy's dividend payout ratio is presently 30.24%.

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.