Wellington Management Group LLP grew its position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 321.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 311,578 shares of the company's stock after purchasing an additional 237,578 shares during the quarter. Wellington Management Group LLP owned approximately 0.75% of La-Z-Boy worth $13,575,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its position in La-Z-Boy by 0.4% during the 3rd quarter. State Street Corp now owns 1,672,009 shares of the company's stock valued at $71,779,000 after purchasing an additional 6,925 shares during the period. American Century Companies Inc. increased its position in shares of 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 worth $50,072,000 after buying an additional 33,416 shares during the period. William Blair Investment Management LLC increased its position in shares of La-Z-Boy by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 999,523 shares of the company's stock worth $43,549,000 after buying an additional 24,125 shares during the period. Charles Schwab Investment Management Inc. raised its stake in La-Z-Boy by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 801,140 shares of the company's stock worth $34,906,000 after buying an additional 22,168 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in La-Z-Boy by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 471,642 shares of the company's stock valued at $20,549,000 after buying an additional 9,383 shares during the period. Institutional investors own 99.62% of the company's stock.
La-Z-Boy Stock Performance
Shares of LZB stock traded up $0.10 during mid-day trading on Friday, hitting $38.51. The company's stock had a trading volume of 558,688 shares, compared to its average volume of 482,122. The company has a market cap of $1.59 billion, a PE ratio of 13.23 and a beta of 1.31. The company's fifty day simple moving average is $41.51 and its 200-day simple moving average is $42.48. La-Z-Boy Incorporated has a 52 week low of $32.00 and a 52 week high of $48.31.
La-Z-Boy (NYSE:LZB - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, topping 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 business had revenue of $521.78 million during the quarter, compared to analysts' expectations of $516.47 million. On average, equities analysts anticipate that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.
La-Z-Boy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.29%. La-Z-Boy's payout ratio is presently 30.24%.
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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