Smartleaf Asset Management LLC lifted its position in shares of La-Z-Boy Incorporated (NYSE:LZB – Free Report) by 244.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 658 shares of the company’s stock after purchasing an additional 467 shares during the period. Smartleaf Asset Management LLC’s holdings in La-Z-Boy were worth $29,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in La-Z-Boy during the third quarter worth about $30,000. Versor Investments LP purchased a new stake in La-Z-Boy during the third quarter worth about $446,000. Victory Capital Management Inc. increased its holdings in La-Z-Boy by 85.8% during the third quarter. Victory Capital Management Inc. now owns 45,267 shares of the company’s stock worth $1,943,000 after buying an additional 20,900 shares during the last quarter. Empowered Funds LLC increased its holdings in La-Z-Boy by 5.4% during the third quarter. Empowered Funds LLC now owns 202,786 shares of the company’s stock worth $8,706,000 after buying an additional 10,318 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in La-Z-Boy by 11.4% during the third quarter. Natixis Advisors LLC now owns 24,349 shares of the company’s stock worth $1,045,000 after buying an additional 2,489 shares during the last quarter. 99.62% of the stock is owned by institutional investors.
La-Z-Boy Stock Performance
NYSE LZB opened at $39.78 on Thursday. La-Z-Boy Incorporated has a 52-week low of $32.00 and a 52-week high of $48.31. The company has a 50-day simple moving average of $44.66 and a 200 day simple moving average of $42.99. The company has a market capitalization of $1.64 billion, a PE ratio of 13.67 and a beta of 1.38.
La-Z-Boy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.21%. La-Z-Boy’s payout ratio is 30.24%.
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.
Featured Stories
- Five stocks we like better than La-Z-Boy
- What is a Secondary Public Offering? What Investors Need to Know
- Ramaco Resources Pins Hopes on Coal’s Untapped Potential
- Low PE Growth Stocks: Unlocking Investment Opportunities
- NVIDIA’s Soaring Energy Needs Make These 3 Nuclear Stocks a Buy
- The 3 Best Retail Stocks to Shop for in August
- Why Energy Transfer Belongs on Your Watchlist
Want to see what other hedge funds are holding LZB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for La-Z-Boy Incorporated (NYSE:LZB – Free Report).
Receive News & Ratings for La-Z-Boy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La-Z-Boy and related companies with MarketBeat.com's FREE daily email newsletter.