Squarepoint Ops LLC Grows Stock Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Squarepoint Ops LLC raised its position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,321 shares of the company's stock after purchasing an additional 12,044 shares during the period. Squarepoint Ops LLC owned 0.52% of La-Z-Boy worth $9,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of LZB. Barclays PLC boosted its stake in La-Z-Boy by 244.6% during the 3rd quarter. Barclays PLC now owns 75,256 shares of the company's stock worth $3,230,000 after purchasing an additional 53,419 shares during the period. KBC Group NV lifted its stake in shares of La-Z-Boy by 8.3% in the fourth quarter. KBC Group NV now owns 9,593 shares of the company's stock valued at $418,000 after purchasing an additional 734 shares during the period. abrdn plc lifted its stake in shares of La-Z-Boy by 38.1% in the fourth quarter. abrdn plc now owns 347,589 shares of the company's stock valued at $15,148,000 after purchasing an additional 95,812 shares during the period. Verity Asset Management Inc. purchased a new position in La-Z-Boy during the 4th quarter valued at about $275,000. Finally, Allspring Global Investments Holdings LLC increased 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 acquiring an additional 58,146 shares in the last quarter. 99.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

La-Z-Boy Stock Performance

La-Z-Boy stock traded down $0.28 during trading on Thursday, reaching $41.80. The company had a trading volume of 46,125 shares, compared to its average volume of 493,139. La-Z-Boy Incorporated has a 12-month low of $33.34 and a 12-month high of $48.31. The stock's 50 day moving average price is $40.08 and its two-hundred day moving average price is $42.60. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 14.37 and a beta of 1.33.

La-Z-Boy Dividend Announcement

The business 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. The ex-dividend date is Tuesday, June 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.11%. La-Z-Boy's payout ratio is 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.