William Blair Investment Management LLC Grows Holdings in La-Z-Boy Incorporated (NYSE:LZB)

William Blair Investment Management LLC lifted its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 999,523 shares of the company's stock after buying an additional 24,125 shares during the quarter. William Blair Investment Management LLC owned about 2.41% of La-Z-Boy worth $43,549,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Verity Asset Management Inc. acquired a new stake in shares of La-Z-Boy in the 4th quarter valued at about $275,000. Charles Schwab Investment Management Inc. grew its stake in La-Z-Boy by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 801,140 shares of the company's stock valued at $34,906,000 after acquiring an additional 22,168 shares during the period. Rhumbline Advisers increased its holdings in shares of La-Z-Boy by 1.1% during the fourth quarter. Rhumbline Advisers now owns 160,292 shares of the company's stock valued at $6,984,000 after acquiring an additional 1,818 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of La-Z-Boy by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 223,683 shares of the company's stock valued at $9,746,000 after acquiring an additional 6,908 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of La-Z-Boy by 85.8% during the third quarter. Victory Capital Management Inc. now owns 45,267 shares of the company's stock worth $1,943,000 after purchasing an additional 20,900 shares during the period. 99.62% of the stock is owned by institutional investors.

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La-Z-Boy Trading Down 1.6 %

Shares of LZB traded down $0.64 during trading hours on Friday, reaching $38.45. The stock had a trading volume of 4,146,425 shares, compared to its average volume of 568,948. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.21 and a beta of 1.38. The firm has a 50-day simple moving average of $43.99 and a 200 day simple moving average of $42.86. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31.

La-Z-Boy (NYSE:LZB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. The firm had revenue of $521.78 million during the quarter, compared to analysts' expectations of $516.47 million. On average, equities analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS 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 of this dividend was Tuesday, March 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.29%. La-Z-Boy's payout ratio is 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.