Nebula Research & Development LLC cut its stake in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 45.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,647 shares of the company's stock after selling 12,085 shares during the quarter. Nebula Research & Development LLC's holdings in La-Z-Boy were worth $638,000 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 grew its position 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 worth $29,000 after buying an additional 467 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of La-Z-Boy in the 4th quarter worth about $51,000. Bank of Montreal Can purchased a new stake in shares of La-Z-Boy in the 4th quarter worth about $203,000. O Shaughnessy Asset Management LLC grew its position in shares of La-Z-Boy by 7.8% in the 4th 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. Finally, Verity Asset Management Inc. purchased a new stake in shares of La-Z-Boy in the 4th quarter worth about $275,000. 99.62% of the stock is currently owned by institutional investors.
La-Z-Boy Stock Performance
Shares of LZB stock opened at $39.34 on Tuesday. La-Z-Boy Incorporated has a one year low of $32.00 and a one year high of $48.31. The company's 50-day moving average is $39.90 and its 200 day moving average is $42.28. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 13.52 and a beta of 1.31.
La-Z-Boy (NYSE:LZB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. The company 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 fiscal year.
La-Z-Boy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.24%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy's dividend payout ratio is currently 30.24%.
Wall Street Analysts Forecast Growth
Separately, KeyCorp raised shares of La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 target price on the stock in a research report on Friday.
Read Our Latest Stock Report on La-Z-Boy
La-Z-Boy Profile
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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.
See Also
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