Fuller & Thaler Asset Management Inc. Buys 23,329 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Fuller & Thaler Asset Management Inc. raised its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 960,023 shares of the company's stock after acquiring an additional 23,329 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.31% of La-Z-Boy worth $41,828,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LZB. Smartleaf Asset Management LLC increased its holdings in shares of La-Z-Boy by 244.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock valued at $29,000 after purchasing an additional 467 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of La-Z-Boy in the fourth quarter valued at $51,000. Bank of Montreal Can bought a new stake in shares of La-Z-Boy in the fourth quarter valued at about $203,000. O Shaughnessy Asset Management LLC boosted its position in shares of La-Z-Boy by 7.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,282 shares of the company's stock valued at $274,000 after acquiring an additional 457 shares during the period. Finally, Verity Asset Management Inc. bought a new stake in shares of La-Z-Boy in the fourth quarter valued at about $275,000. 99.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, 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.

La-Z-Boy Price Performance

LZB traded up $0.16 on Tuesday, hitting $39.48. 81,259 shares of the stock were exchanged, compared to its average volume of 484,782. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31. The business has a 50-day moving average of $39.90 and a two-hundred day moving average of $42.28. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 13.57 and a beta of 1.31.

La-Z-Boy (NYSE:LZB - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. The firm had revenue of $521.78 million for the quarter, compared to analyst estimates of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. Equities research analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Tuesday, March 4th. La-Z-Boy's dividend payout ratio is presently 30.24%.

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.