La-Z-Boy Incorporated (NYSE:LZB) Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,527,537 shares of the company's stock after selling 97,768 shares during the quarter. LSV Asset Management owned 3.68% of La-Z-Boy worth $66,555,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LZB. Smartleaf Asset Management LLC lifted its stake in shares of La-Z-Boy by 244.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company's stock valued at $29,000 after purchasing an additional 467 shares during the period. TD Private Client Wealth LLC acquired a new stake in shares of La-Z-Boy during the 3rd quarter worth approximately $43,000. Venturi Wealth Management LLC purchased a new stake in La-Z-Boy in the 4th quarter valued at about $51,000. Bank of Montreal Can acquired a new position in shares of La-Z-Boy in the 4th quarter worth approximately $203,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of La-Z-Boy by 7.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,282 shares of the company's stock worth $274,000 after buying an additional 457 shares during the period. Institutional investors own 99.62% of the company's stock.

La-Z-Boy Stock Down 0.1 %

La-Z-Boy stock traded down $0.02 during mid-day trading on Wednesday, reaching $38.02. 111,833 shares of the company's stock were exchanged, compared to its average volume of 480,826. La-Z-Boy Incorporated has a twelve month low of $32.00 and a twelve month high of $48.31. The company has a market cap of $1.57 billion, a P/E ratio of 13.07 and a beta of 1.31. The company has a fifty day moving average of $41.16 and a 200-day moving average of $42.43.

La-Z-Boy (NYSE:LZB - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $521.78 million for the quarter, compared to the consensus estimate of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. Equities research analysts expect 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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a $0.22 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.31%. La-Z-Boy's dividend payout ratio (DPR) is presently 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.