Northern Trust Corp grew its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 487,839 shares of the company's stock after purchasing an additional 46,975 shares during the quarter. Northern Trust Corp owned about 1.18% of La-Z-Boy worth $21,255,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the business. Johnson Financial Group Inc. increased its position in La-Z-Boy by 2,394.1% in the 4th quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company's stock worth $80,000 after buying an additional 1,628 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in La-Z-Boy by 2.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 960,023 shares of the company's stock worth $41,828,000 after acquiring an additional 23,329 shares during the period. Price T Rowe Associates Inc. MD raised its stake in La-Z-Boy by 3.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,887 shares of the company's stock valued at $2,000,000 after purchasing an additional 1,560 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in La-Z-Boy by 61.4% in the 4th quarter. Hsbc Holdings PLC now owns 10,436 shares of the company's stock valued at $455,000 after purchasing an additional 3,972 shares during the period. Finally, State of Tennessee Department of Treasury grew its position in La-Z-Boy by 1.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 24,504 shares of the company's stock worth $1,068,000 after purchasing an additional 359 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, KeyCorp upgraded 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 note on Friday, April 25th.
Check Out Our Latest Report on La-Z-Boy
La-Z-Boy Stock Up 0.3%
NYSE:LZB traded up $0.15 on Friday, reaching $44.23. The stock had a trading volume of 391,606 shares, compared to its average volume of 485,882. The company has a market capitalization of $1.83 billion, a P/E ratio of 15.20 and a beta of 1.33. The stock has a fifty day moving average price of $39.38 and a 200-day moving average price of $42.40. La-Z-Boy Incorporated has a 1-year low of $33.34 and a 1-year high of $48.31.
La-Z-Boy (NYSE:LZB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share (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 analyst estimates of $516.47 million. Sell-side analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.
La-Z-Boy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Tuesday, June 3rd. La-Z-Boy's dividend payout ratio (DPR) is currently 30.24%.
La-Z-Boy Profile
(
Free Report)
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.
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