Systematic Financial Management LP Has $25.54 Million Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Systematic Financial Management LP lifted its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 586,107 shares of the company's stock after purchasing an additional 22,423 shares during the period. Systematic Financial Management LP owned approximately 1.41% of La-Z-Boy worth $25,537,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position 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 worth $29,000 after buying an additional 467 shares during the period. Venturi Wealth Management LLC purchased a new stake in La-Z-Boy in the 4th quarter worth about $51,000. Johnson Financial Group Inc. boosted its position in 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 worth $80,000 after acquiring an additional 1,628 shares during the period. Bank of Montreal Can purchased a new position in La-Z-Boy during the 4th quarter valued at about $203,000. Finally, Bridgefront Capital LLC acquired a new position in shares of La-Z-Boy in the 4th quarter valued at about $214,000. 99.62% of the stock is owned by hedge funds and other 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 price target for the company in a report on Friday, April 25th.

La-Z-Boy Stock Down 0.6%

Shares of La-Z-Boy stock traded down $0.25 on Tuesday, hitting $43.37. 310,159 shares of the company traded hands, compared to its average volume of 486,699. La-Z-Boy Incorporated has a 12-month low of $33.34 and a 12-month high of $48.31. The company has a market cap of $1.79 billion, a PE ratio of 14.90 and a beta of 1.33. The company has a 50-day moving average price of $39.63 and a 200 day moving average price of $42.53.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $521.78 million during the quarter, compared to analysts' expectations of $516.47 million. Equities research analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.03%. La-Z-Boy's dividend payout ratio is 30.24%.

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.