Verity Asset Management Inc. bought a new stake in La-Z-Boy Incorporated (NYSE:LZB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,304 shares of the company's stock, valued at approximately $275,000.
Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of La-Z-Boy in the 3rd quarter valued at about $30,000. TD Private Client Wealth LLC bought a new position in La-Z-Boy during the third quarter worth about $43,000. Advisors Asset Management Inc. increased its position 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. Kingsview Wealth Management LLC bought a new stake in La-Z-Boy in the third quarter valued at approximately $245,000. Finally, Commerce Bank acquired a new stake in shares of La-Z-Boy in the third quarter valued at approximately $264,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.
La-Z-Boy Stock Down 4.8 %
Shares of LZB stock traded down $2.23 during trading on Friday, reaching $44.70. 545,943 shares of the company's stock were exchanged, compared to its average volume of 378,364. La-Z-Boy Incorporated has a twelve month low of $32.00 and a twelve month high of $48.31. The firm's fifty day moving average price is $44.68 and its 200-day moving average price is $42.63. The stock has a market capitalization of $1.85 billion, a PE ratio of 15.47 and a beta of 1.35.
La-Z-Boy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This is a positive change from La-Z-Boy's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 1.97%. La-Z-Boy's dividend payout ratio is presently 30.45%.
About La-Z-Boy
(
Free Report)
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.
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