La-Z-Boy Incorporated (NYSE:LZB) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,735 shares of the company's stock after purchasing an additional 14,443 shares during the quarter. Rhumbline Advisers owned approximately 0.42% of La-Z-Boy worth $6,830,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in La-Z-Boy by 67.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 143,949 shares of the company's stock valued at $6,272,000 after buying an additional 58,146 shares during the last quarter. New York State Teachers Retirement System increased its position in La-Z-Boy by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 82,073 shares of the company's stock worth $3,576,000 after purchasing an additional 1,247 shares in the last quarter. Principal Financial Group Inc. raised its stake in La-Z-Boy by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 223,683 shares of the company's stock valued at $9,746,000 after purchasing an additional 6,908 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in La-Z-Boy in the 4th quarter valued at about $51,000. Finally, Cardinal Capital Management lifted its holdings in La-Z-Boy by 3.8% in the 4th quarter. Cardinal Capital Management now owns 42,736 shares of the company's stock valued at $1,862,000 after purchasing an additional 1,550 shares in the last quarter. 99.62% of the stock is owned by hedge funds and other institutional investors.

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 report on Friday, April 25th.

La-Z-Boy Price Performance

LZB stock traded down $1.47 during trading on Thursday, reaching $38.79. 534,757 shares of the stock traded hands, compared to its average volume of 488,057. The business's 50 day moving average price is $40.47 and its 200-day moving average price is $42.47. The firm has a market capitalization of $1.60 billion, a PE ratio of 13.33 and a beta of 1.31. La-Z-Boy Incorporated has a 52-week low of $33.34 and a 52-week high of $48.31.

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 given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Tuesday, June 3rd. La-Z-Boy's dividend payout ratio (DPR) is presently 30.24%.

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.