9,000 Shares in La-Z-Boy Incorporated (NYSE:LZB) Purchased by Centiva Capital LP

Centiva Capital LP acquired a new position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,000 shares of the company's stock, valued at approximately $392,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LZB. Bridgefront Capital LLC bought a new position in La-Z-Boy in the 4th quarter valued at $214,000. Bayesian Capital Management LP bought a new position in La-Z-Boy in the 4th quarter valued at $256,000. Algert Global LLC boosted its holdings in La-Z-Boy by 5.4% in the 4th quarter. Algert Global LLC now owns 74,711 shares of the company's stock valued at $3,255,000 after purchasing an additional 3,801 shares during the period. Freestone Grove Partners LP bought a new position in La-Z-Boy in the 4th quarter valued at $463,000. Finally, Northern Trust Corp boosted its holdings in La-Z-Boy by 10.7% in the 4th quarter. Northern Trust Corp now owns 487,839 shares of the company's stock valued at $21,255,000 after purchasing an additional 46,975 shares during the period. 99.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, KeyCorp raised shares of La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 price target for the company in a report on Friday, April 25th.

La-Z-Boy Stock Up 0.3%

Shares of NYSE LZB traded up $0.15 during mid-day trading on Friday, reaching $44.23. 391,606 shares of the company were exchanged, compared to its average volume of 487,396. La-Z-Boy Incorporated has a 52 week low of $33.34 and a 52 week high of $48.31. The stock has a market capitalization of $1.83 billion, a PE ratio of 15.20 and a beta of 1.33. The company's 50 day moving average price is $39.45 and its 200 day moving average price is $42.46.

La-Z-Boy (NYSE:LZB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. The company had revenue of $521.78 million during 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, sell-side analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Tuesday, June 3rd. La-Z-Boy's payout ratio is 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.