La-Z-Boy Incorporated (NYSE:LZB) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its position in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 89.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 13,793 shares of the company's stock after selling 114,598 shares during the quarter. Millennium Management LLC's holdings in La-Z-Boy were worth $601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in 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 buying an additional 22,168 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of La-Z-Boy by 48.5% during the 4th quarter. Deutsche Bank AG now owns 35,590 shares of the company's stock worth $1,551,000 after purchasing an additional 11,622 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of La-Z-Boy by 1.1% during the 4th quarter. Rhumbline Advisers now owns 160,292 shares of the company's stock worth $6,984,000 after purchasing an additional 1,818 shares during the last quarter. Amundi lifted its holdings in La-Z-Boy by 174.5% in the fourth quarter. Amundi now owns 20,325 shares of the company's stock valued at $876,000 after acquiring an additional 12,921 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in La-Z-Boy by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 223,683 shares of the company's stock valued at $9,746,000 after acquiring an additional 6,908 shares during the last quarter. Institutional investors and hedge funds own 99.62% of the company's stock.

Wall Street Analyst Weigh In

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

La-Z-Boy Trading Up 0.0%

La-Z-Boy stock opened at $40.33 on Friday. La-Z-Boy Incorporated has a twelve month low of $33.34 and a twelve month high of $48.31. The stock's fifty day simple moving average is $40.31 and its 200-day simple moving average is $42.52. The firm has a market capitalization of $1.66 billion, a P/E ratio of 13.86 and a beta of 1.31.

La-Z-Boy Announces Dividend

The firm also recently announced 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. This represents a $0.88 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, June 3rd. La-Z-Boy's dividend payout ratio (DPR) is presently 30.24%.

La-Z-Boy Company 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.

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