GW&K Investment Management LLC reduced its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,072 shares of the company's stock after selling 17,999 shares during the quarter. GW&K Investment Management LLC owned about 1.03% of La-Z-Boy worth $16,694,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of La-Z-Boy by 3.0% during the 4th quarter. American Century Companies Inc. now owns 1,149,236 shares of the company's stock valued at $50,072,000 after purchasing an additional 33,416 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings 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 valued at $41,828,000 after purchasing an additional 23,329 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of La-Z-Boy by 4.0% during the 4th quarter. Systematic Financial Management LP now owns 586,107 shares of the company's stock valued at $25,537,000 after purchasing an additional 22,423 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of La-Z-Boy by 273.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company's stock valued at $21,262,000 after purchasing an additional 393,365 shares during the last quarter. Finally, Northern Trust Corp grew its holdings 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 valued at $21,255,000 after purchasing an additional 46,975 shares during the last quarter. Institutional investors own 99.62% of the company's stock.
La-Z-Boy Price Performance
Shares of NYSE:LZB opened at $38.35 on Wednesday. La-Z-Boy Incorporated has a 1-year low of $35.18 and a 1-year high of $48.31. The company has a market capitalization of $1.58 billion, a P/E ratio of 16.25 and a beta of 1.26. The firm's 50 day simple moving average is $39.97 and its two-hundred day simple moving average is $41.26.
La-Z-Boy (NYSE:LZB - Get Free Report) last released its earnings results on Tuesday, June 17th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.01). La-Z-Boy had a return on equity of 12.08% and a net margin of 4.72%. The company had revenue of $570.87 million during the quarter, compared to analysts' expectations of $557.44 million. During the same period last year, the firm posted $0.95 EPS. La-Z-Boy's quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.
La-Z-Boy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, June 3rd. La-Z-Boy's payout ratio is 37.29%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Wall Street Zen cut shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. 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 research report on Friday, April 25th.
Check Out Our Latest Analysis on La-Z-Boy
About La-Z-Boy
(
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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