Vanguard Group Inc. Grows Stock Position in La-Z-Boy Incorporated (NYSE:LZB)

Vanguard Group Inc. raised its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,116,149 shares of the company’s stock after buying an additional 8,485 shares during the quarter. Vanguard Group Inc. owned approximately 12.00% of La-Z-Boy worth $188,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Natixis Advisors L.P. increased its position in La-Z-Boy by 27.1% during the third quarter. Natixis Advisors L.P. now owns 51,562 shares of the company’s stock worth $1,592,000 after purchasing an additional 10,996 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in La-Z-Boy in the third quarter valued at $795,000. Quadrature Capital Ltd acquired a new position in La-Z-Boy in the third quarter valued at $251,000. Glenmede Trust Co. NA grew its position in La-Z-Boy by 0.8% during the third quarter. Glenmede Trust Co. NA now owns 327,675 shares of the company’s stock valued at $10,119,000 after acquiring an additional 2,607 shares during the period. Finally, Alps Advisors Inc. raised its holdings in shares of La-Z-Boy by 184.5% in the 3rd quarter. Alps Advisors Inc. now owns 30,721 shares of the company’s stock worth $949,000 after purchasing an additional 19,921 shares during the period. Institutional investors and hedge funds own 99.62% of the company’s stock.

La-Z-Boy Price Performance

NYSE LZB opened at $36.95 on Wednesday. The business’s 50-day simple moving average is $35.68 and its 200-day simple moving average is $36.07. The firm has a market capitalization of $1.55 billion, a P/E ratio of 13.06 and a beta of 1.29. La-Z-Boy Incorporated has a 1-year low of $26.95 and a 1-year high of $41.08.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings data on Tuesday, June 18th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.25. La-Z-Boy had a net margin of 5.99% and a return on equity of 13.10%. The company had revenue of $553.54 million during the quarter, compared to the consensus estimate of $516.44 million. During the same period in the previous year, the firm earned $0.99 earnings per share. La-Z-Boy’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts expect that La-Z-Boy Incorporated will post 3.13 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.80 annualized dividend and a yield of 2.17%. La-Z-Boy’s dividend payout ratio is currently 28.27%.

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.