Jefferies Financial Group Inc. Buys New Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Jefferies Financial Group Inc. bought a new position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,315 shares of the company's stock, valued at approximately $929,000. Jefferies Financial Group Inc. owned about 0.05% of La-Z-Boy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. lifted 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 purchasing an additional 33,416 shares during the last quarter. William Blair Investment Management LLC lifted 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 purchasing an additional 24,125 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of La-Z-Boy by 2.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 960,023 shares of the company's stock worth $41,828,000 after purchasing an additional 23,329 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 purchasing an additional 22,168 shares during the last quarter. Finally, Systematic Financial Management LP lifted its position in shares of La-Z-Boy by 4.0% during the fourth quarter. Systematic Financial Management LP now owns 586,107 shares of the company's stock worth $25,537,000 after purchasing an additional 22,423 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

La-Z-Boy Trading Down 2.2%

Shares of LZB stock traded down $0.91 during trading hours on Monday, reaching $40.98. 458,913 shares of the company's stock were exchanged, compared to its average volume of 485,891. La-Z-Boy Incorporated has a 1 year low of $33.34 and a 1 year high of $48.31. The stock has a market cap of $1.69 billion, a PE ratio of 14.08 and a beta of 1.33. The stock's fifty day moving average price is $40.19 and its two-hundred day moving average price is $42.56.

La-Z-Boy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, June 3rd will be given a $0.22 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. La-Z-Boy's dividend payout ratio is currently 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.