Quantedge Capital Pte Ltd grew its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 151.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,500 shares of the company's stock after purchasing an additional 67,700 shares during the quarter. La-Z-Boy accounts for about 1.8% of Quantedge Capital Pte Ltd's holdings, making the stock its 14th biggest holding. Quantedge Capital Pte Ltd owned about 0.27% of La-Z-Boy worth $4,902,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. American Century Companies Inc. grew its stake in La-Z-Boy by 3.0% during the 4th quarter. American Century Companies Inc. now owns 1,149,236 shares of the company's stock worth $50,072,000 after buying an additional 33,416 shares during the last quarter. William Blair Investment Management LLC grew its position in La-Z-Boy by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 999,523 shares of the company's stock valued at $43,549,000 after buying an additional 24,125 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake 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 buying an additional 23,329 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of La-Z-Boy by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 801,140 shares of the company's stock valued at $34,906,000 after buying an additional 22,168 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of La-Z-Boy by 10.7% in the fourth quarter. Northern Trust Corp now owns 487,839 shares of the company's stock valued at $21,255,000 after buying an additional 46,975 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company's stock.
La-Z-Boy Price Performance
NYSE:LZB traded down $0.94 during trading hours on Monday, reaching $43.35. 114,614 shares of the company traded hands, compared to its average volume of 507,766. The firm's 50-day moving average is $39.45 and its 200-day moving average is $42.49. The stock has a market cap of $1.79 billion, a P/E ratio of 14.90 and a beta of 1.33. 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 data 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 the consensus estimate of $516.47 million. As a group, research analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.
La-Z-Boy Announces Dividend
The business 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 dividend on an annualized basis and a dividend yield of 2.03%. La-Z-Boy's dividend payout ratio (DPR) is currently 30.24%.
Wall Street Analyst Weigh In
Separately, KeyCorp upgraded La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 price target on the stock in a research note on Friday, April 25th.
View Our Latest Analysis on La-Z-Boy
La-Z-Boy Company 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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