Jefferies Financial Group Inc. Acquires Shares of 21,315 La-Z-Boy Incorporated (NYSE:LZB)

Jefferies Financial Group Inc. acquired a new stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 have also recently bought and sold shares of LZB. American Century Companies Inc. grew its position in 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 in the last quarter. William Blair Investment Management LLC grew its holdings in shares of 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 valued at $43,549,000 after acquiring an additional 24,125 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of 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 acquiring an additional 23,329 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 last quarter. Finally, Northern Trust Corp lifted its holdings in La-Z-Boy by 10.7% during the fourth quarter. Northern Trust Corp now owns 487,839 shares of the company's stock worth $21,255,000 after acquiring an additional 46,975 shares during the period. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Stock Performance

LZB stock traded down $0.67 during mid-day trading on Monday, hitting $43.61. The company had a trading volume of 341,354 shares, compared to its average volume of 486,812. The firm has a market cap of $1.80 billion, a PE ratio of 14.99 and a beta of 1.33. La-Z-Boy Incorporated has a 12 month low of $33.34 and a 12 month high of $48.31. The stock's fifty day moving average price is $39.45 and its two-hundred day moving average price is $42.49.

La-Z-Boy (NYSE:LZB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%. The business had revenue of $521.78 million for the quarter, compared to the consensus estimate of $516.47 million. Equities analysts anticipate that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, June 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.02%. La-Z-Boy's payout ratio is 30.24%.

Wall Street Analysts Forecast Growth

Separately, KeyCorp upgraded 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 note on Friday, April 25th.

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.