La-Z-Boy Incorporated (NYSE:LZB) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 321.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 311,578 shares of the company's stock after purchasing an additional 237,578 shares during the quarter. Wellington Management Group LLP owned approximately 0.75% of La-Z-Boy worth $13,575,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in shares of 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 worth $50,072,000 after purchasing an additional 33,416 shares during the last quarter. William Blair Investment Management LLC increased its position in La-Z-Boy by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 999,523 shares of the company's stock worth $43,549,000 after buying an additional 24,125 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in La-Z-Boy by 2.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 960,023 shares of the company's stock valued at $41,828,000 after buying an additional 23,329 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of La-Z-Boy by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 801,140 shares of the company's stock valued at $34,906,000 after acquiring an additional 22,168 shares during the period. Finally, Systematic Financial Management LP grew its position in shares of La-Z-Boy by 4.0% during the fourth quarter. Systematic Financial Management LP now owns 586,107 shares of the company's stock worth $25,537,000 after acquiring an additional 22,423 shares during the last quarter. 99.62% of the stock is owned by institutional investors.

La-Z-Boy Price Performance

LZB stock traded up $0.53 on Tuesday, reaching $41.56. The company's stock had a trading volume of 356,662 shares, compared to its average volume of 485,376. La-Z-Boy Incorporated has a 52 week low of $33.34 and a 52 week high of $48.31. The firm has a fifty day moving average of $40.19 and a two-hundred day moving average of $42.56. The company has a market capitalization of $1.72 billion, a P/E ratio of 14.28 and a beta of 1.33.

La-Z-Boy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, June 3rd. La-Z-Boy's payout ratio is currently 30.24%.

Wall Street Analyst Weigh In

Separately, KeyCorp upgraded shares of La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 price objective on the stock in a research report 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.