Charles Schwab Investment Management Inc. Has $33.44 Million Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Charles Schwab Investment Management Inc. raised its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 778,972 shares of the company’s stock after buying an additional 1,878 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.86% of La-Z-Boy worth $33,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund Corp increased its holdings in La-Z-Boy by 32.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 49,422 shares of the company’s stock valued at $1,842,000 after buying an additional 11,981 shares during the period. Squarepoint Ops LLC increased its holdings in La-Z-Boy by 263.6% in the 2nd quarter. Squarepoint Ops LLC now owns 150,617 shares of the company’s stock valued at $5,615,000 after buying an additional 109,188 shares during the period. XTX Topco Ltd bought a new stake in La-Z-Boy in the 2nd quarter valued at $740,000. Price T Rowe Associates Inc. MD increased its holdings in La-Z-Boy by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,436 shares of the company’s stock valued at $2,425,000 after buying an additional 2,717 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in La-Z-Boy by 85.8% in the 3rd quarter. Victory Capital Management Inc. now owns 45,267 shares of the company’s stock valued at $1,943,000 after buying an additional 20,900 shares during the period. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Stock Down 1.1 %

Shares of NYSE LZB opened at $45.23 on Wednesday. The firm’s 50-day simple moving average is $41.60 and its 200 day simple moving average is $40.24. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 15.65 and a beta of 1.34. La-Z-Boy Incorporated has a 12-month low of $32.00 and a 12-month high of $46.35.

La-Z-Boy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a dividend of $0.22 per share. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 5th. This represents a $0.88 annualized dividend and a yield of 1.95%. La-Z-Boy’s dividend payout ratio is 27.68%.

Insider Buying and Selling

In related news, Director Janet Kerr sold 3,890 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $40.89, for a total transaction of $159,062.10. Following the transaction, the director now owns 3,372 shares in the company, valued at $137,881.08. This represents a 53.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Sidoti lowered shares of La-Z-Boy from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a report on Wednesday, August 21st.

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.