BNP Paribas Financial Markets Has $673,000 Holdings in La-Z-Boy Incorporated (NYSE:LZB)

BNP Paribas Financial Markets cut its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 59.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LZB. American Century Companies Inc. grew its stake in La-Z-Boy by 3.0% in the 4th quarter. American Century Companies Inc. now owns 1,149,236 shares of the company's stock valued at $50,072,000 after acquiring an additional 33,416 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of La-Z-Boy by 2.5% during the 4th 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. raised its position in shares of La-Z-Boy by 2.5% during the 4th 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. raised its position in shares of La-Z-Boy by 2.8% during the 4th 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, Northern Trust Corp raised its position in shares of La-Z-Boy by 10.7% during the 4th quarter. Northern Trust Corp now owns 487,839 shares of the company's stock worth $21,255,000 after purchasing an additional 46,975 shares during the last quarter. 99.62% of the stock is owned by institutional investors and hedge funds.

La-Z-Boy Price Performance

Shares of NYSE:LZB traded down $0.45 during midday trading on Wednesday, reaching $42.77. The company had a trading volume of 10,752 shares, compared to its average volume of 484,945. La-Z-Boy Incorporated has a one year low of $33.34 and a one year high of $48.31. The stock's fifty day moving average price is $40.00 and its 200-day moving average price is $42.60. The stock has a market capitalization of $1.77 billion, a P/E ratio of 14.65 and a beta of 1.33.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.06%. La-Z-Boy's dividend payout ratio (DPR) is 30.24%.

Wall Street Analysts Forecast Growth

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

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.