Ameriprise Financial Inc. Has $7.37 Million Stock Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Ameriprise Financial Inc. decreased its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 169,088 shares of the company's stock after selling 31,908 shares during the quarter. Ameriprise Financial Inc. owned 0.41% of La-Z-Boy worth $7,367,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its stake in shares of La-Z-Boy by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 48,545 shares of the company's stock valued at $2,115,000 after buying an additional 301 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of La-Z-Boy by 1.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 24,504 shares of the company's stock worth $1,068,000 after buying an additional 359 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of La-Z-Boy by 7.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,282 shares of the company's stock worth $274,000 after buying an additional 457 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in La-Z-Boy by 244.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock valued at $29,000 after buying an additional 467 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in La-Z-Boy by 4.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,887 shares of the company's stock valued at $605,000 after acquiring an additional 556 shares during the period. Institutional investors and hedge funds own 99.62% of the company's stock.

La-Z-Boy Price Performance

Shares of NYSE:LZB traded up $0.39 during trading on Tuesday, reaching $42.37. The stock had a trading volume of 21,966 shares, compared to its average volume of 485,568. The business's 50-day moving average price is $39.92 and its 200 day moving average price is $42.60. 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 $1.75 billion, a PE ratio of 14.54 and a beta of 1.33.

La-Z-Boy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.88 annualized dividend and a yield of 2.08%. La-Z-Boy's dividend payout ratio (DPR) is 30.24%.

Analyst Ratings Changes

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

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.