Vanguard Group Inc. Sells 21,930 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Vanguard Group Inc. trimmed its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,983,768 shares of the company's stock after selling 21,930 shares during the quarter. Vanguard Group Inc. owned about 12.01% of La-Z-Boy worth $217,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Bridge City Capital LLC increased its stake in shares of La-Z-Boy by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 97,359 shares of the company's stock valued at $4,242,000 after purchasing an additional 867 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of La-Z-Boy in the 4th quarter worth approximately $638,000. KLP Kapitalforvaltning AS bought a new position in La-Z-Boy during the 4th quarter valued at approximately $349,000. American Century Companies Inc. raised its stake in La-Z-Boy by 3.0% during the fourth quarter. American Century Companies Inc. now owns 1,149,236 shares of the company's stock valued at $50,072,000 after buying an additional 33,416 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in La-Z-Boy by 338.4% in the fourth quarter. Teacher Retirement System of Texas now owns 163,713 shares of the company's stock worth $7,133,000 after acquiring an additional 126,371 shares in the last quarter. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Stock Down 1.6 %

Shares of NYSE LZB traded down $0.62 during trading on Thursday, reaching $38.34. The company had a trading volume of 479,299 shares, compared to its average volume of 481,088. The business's 50-day moving average is $41.67 and its 200 day moving average is $42.51. The stock has a market cap of $1.58 billion, a PE ratio of 13.17 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.

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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 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. The business had revenue of $521.78 million during the quarter, compared to analyst estimates of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. On average, analysts anticipate that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 annualized dividend and a yield of 2.30%. La-Z-Boy's dividend payout ratio (DPR) is presently 30.24%.

About La-Z-Boy

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.