Venture Visionary Partners LLC Sells 106,161 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Venture Visionary Partners LLC decreased its holdings in La-Z-Boy Incorporated (NYSE:LZB - Free Report) by 74.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,518 shares of the company's stock after selling 106,161 shares during the quarter. Venture Visionary Partners LLC owned 0.09% of La-Z-Boy worth $1,348,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quarry LP increased its stake in La-Z-Boy by 184.4% in the 1st quarter. Quarry LP now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 660 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in La-Z-Boy in the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC increased its stake in La-Z-Boy by 112.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,493 shares of the company's stock valued at $71,000 after buying an additional 1,317 shares during the last quarter. Point72 Middle East FZE purchased a new stake in shares of La-Z-Boy during the 4th quarter worth approximately $80,000. Finally, Captrust Financial Advisors increased its stake in shares of La-Z-Boy by 84.7% during the 1st quarter. Captrust Financial Advisors now owns 3,290 shares of the company's stock worth $87,000 after purchasing an additional 1,509 shares during the last quarter. Institutional investors own 99.62% of the company's stock.

Insider Activity at La-Z-Boy

In related news, SVP Michael Adam Leggett sold 3,077 shares of La-Z-Boy stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $37.08, for a total value of $114,095.16. Following the completion of the transaction, the senior vice president now directly owns 21,519 shares in the company, valued at approximately $797,924.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of La-Z-Boy from a "buy" rating to a "hold" rating in a research note on Tuesday, February 13th.

La-Z-Boy Trading Up 0.4 %

Shares of LZB stock traded up $0.14 during trading hours on Friday, hitting $35.77. 297,858 shares of the company were exchanged, compared to its average volume of 510,222. The firm has a fifty day simple moving average of $36.76 and a 200 day simple moving average of $34.31. La-Z-Boy Incorporated has a 52-week low of $25.12 and a 52-week high of $39.87. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 13.20 and a beta of 1.16.

La-Z-Boy (NYSE:LZB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). La-Z-Boy had a return on equity of 13.55% and a net margin of 5.73%. The company had revenue of $500.40 million for the quarter, compared to analysts' expectations of $523.09 million. During the same quarter in the previous year, the business earned $0.91 EPS. The company's revenue for the quarter was down 12.6% on a year-over-year basis. Sell-side analysts anticipate that La-Z-Boy Incorporated will post 2.72 EPS for the current year.

La-Z-Boy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.80 dividend on an annualized basis and a yield of 2.24%. La-Z-Boy's dividend payout ratio is 29.52%.

La-Z-Boy 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.