BNP Paribas Financial Markets lessened its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 59.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,456 shares of the company's stock after selling 22,201 shares during the quarter. BNP Paribas Financial Markets' holdings in La-Z-Boy were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of La-Z-Boy by 244.5% in the fourth 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. Venturi Wealth Management LLC purchased a new stake in shares of La-Z-Boy during the 4th quarter worth $51,000. Johnson Financial Group Inc. grew its stake in shares of La-Z-Boy by 2,394.1% during the 4th quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company's stock worth $80,000 after purchasing an additional 1,628 shares during the period. Bank of Montreal Can acquired a new position in shares of La-Z-Boy during the 4th quarter worth $203,000. Finally, O Shaughnessy Asset Management LLC increased 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 valued at $274,000 after purchasing an additional 457 shares in the last quarter. Institutional investors and hedge funds own 99.62% of the company's stock.
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 target price for the company in a report on Friday, April 25th.
Check Out Our Latest Stock Report on LZB
La-Z-Boy Price Performance
NYSE:LZB opened at $42.16 on Friday. The firm has a 50 day simple moving average of $39.78 and a 200-day simple moving average of $42.55. La-Z-Boy Incorporated has a 1-year low of $33.34 and a 1-year high of $48.31. The firm has a market cap of $1.74 billion, a PE ratio of 14.49 and a beta of 1.33.
La-Z-Boy (NYSE:LZB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share 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 company had revenue of $521.78 million for the quarter, compared to analyst estimates of $516.47 million. As a group, sell-side analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.
La-Z-Boy Dividend Announcement
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 issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.88 annualized dividend and a yield of 2.09%. La-Z-Boy's dividend payout ratio is presently 30.24%.
La-Z-Boy Company Profile
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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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