La-Z-Boy Incorporated (NYSE:LZB) Stock Position Increased by Systematic Financial Management LP

Systematic Financial Management LP boosted its position in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 586,107 shares of the company's stock after buying an additional 22,423 shares during the quarter. Systematic Financial Management LP owned approximately 1.41% of La-Z-Boy worth $25,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of La-Z-Boy by 2.8% in the 4th 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. Verity Asset Management Inc. bought a new stake in La-Z-Boy during the fourth quarter valued at $275,000. Rhumbline Advisers raised its holdings in shares of La-Z-Boy by 1.1% during the fourth quarter. Rhumbline Advisers now owns 160,292 shares of the company's stock worth $6,984,000 after purchasing an additional 1,818 shares during the period. Amundi lifted its holdings in La-Z-Boy by 174.5% in the fourth quarter. Amundi now owns 20,325 shares of the company's stock worth $876,000 after acquiring an additional 12,921 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in La-Z-Boy by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 223,683 shares of the company's stock valued at $9,746,000 after acquiring an additional 6,908 shares during the period. Institutional investors and hedge funds own 99.62% of the company's stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp raised La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 target price for the company in a report on Friday, April 25th.

La-Z-Boy Stock Down 0.2%

NYSE LZB traded down $0.11 during trading hours on Thursday, hitting $42.14. The company had a trading volume of 136,995 shares, compared to its average volume of 485,496. The firm has a market cap of $1.74 billion, a P/E ratio of 14.48 and a beta of 1.33. La-Z-Boy Incorporated has a fifty-two week low of $33.34 and a fifty-two week high of $48.31. The business has a fifty day simple moving average of $39.70 and a 200-day simple moving average of $42.53.

La-Z-Boy (NYSE:LZB - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $521.78 million during 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 analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, June 3rd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.09%. The ex-dividend date is Tuesday, June 3rd. La-Z-Boy's dividend payout ratio (DPR) is 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.