21,315 Shares in La-Z-Boy Incorporated (NYSE:LZB) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,315 shares of the company's stock, valued at approximately $929,000. Jefferies Financial Group Inc. owned approximately 0.05% of La-Z-Boy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LZB. Smartleaf Asset Management LLC lifted its holdings in 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 acquiring an additional 467 shares during the period. Venturi Wealth Management LLC bought a new position in shares of La-Z-Boy during the 4th quarter valued at about $51,000. Johnson Financial Group Inc. raised its position in shares of La-Z-Boy by 2,394.1% during the 4th quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company's stock valued at $80,000 after buying an additional 1,628 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of La-Z-Boy during the 4th quarter valued at about $203,000. Finally, Bridgefront Capital LLC bought a new position in La-Z-Boy during the 4th quarter valued at about $214,000. 99.62% of the stock is owned by institutional investors.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock traded down $0.46 during trading on Wednesday, hitting $42.92. 58,201 shares of the company's stock were exchanged, compared to its average volume of 485,002. The business has a 50-day simple moving average of $39.63 and a 200-day simple moving average of $42.53. La-Z-Boy Incorporated has a 52-week low of $33.34 and a 52-week high of $48.31. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 14.75 and a beta of 1.33.

La-Z-Boy (NYSE:LZB - Get Free Report) last released its quarterly earnings data 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 company had revenue of $521.78 million during the quarter, compared to analysts' expectations of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. On average, equities analysts anticipate that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.88 annualized dividend and a yield of 2.05%. La-Z-Boy's dividend payout ratio is presently 30.24%.

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 objective for the company in a report on Friday, April 25th.

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.