La-Z-Boy Incorporated (NYSE:LZB) Stock Holdings Boosted by Cerity Partners LLC

Cerity Partners LLC boosted its position in La-Z-Boy Incorporated (NYSE:LZB) by 31.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,618 shares of the company’s stock after purchasing an additional 4,949 shares during the quarter. Cerity Partners LLC’s holdings in La-Z-Boy were worth $885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its holdings in shares of La-Z-Boy by 32.0% during the second 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 last quarter. Squarepoint Ops LLC raised its stake in La-Z-Boy by 263.6% during the 2nd quarter. Squarepoint Ops LLC now owns 150,617 shares of the company’s stock valued at $5,615,000 after acquiring an additional 109,188 shares in the last quarter. XTX Topco Ltd bought a new stake in La-Z-Boy during the 2nd quarter valued at $740,000. Price T Rowe Associates Inc. MD boosted its position in La-Z-Boy by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,436 shares of the company’s stock worth $2,425,000 after acquiring an additional 2,717 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of La-Z-Boy by 85.8% in the third quarter. Victory Capital Management Inc. now owns 45,267 shares of the company’s stock worth $1,943,000 after purchasing an additional 20,900 shares in the last quarter. 99.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Sidoti downgraded 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 research report on Wednesday, August 21st.

La-Z-Boy Stock Performance

Shares of NYSE LZB opened at $44.83 on Friday. La-Z-Boy Incorporated has a 1 year low of $32.00 and a 1 year high of $46.35. The firm has a market cap of $1.86 billion, a P/E ratio of 15.51 and a beta of 1.34. The stock has a fifty day moving average price of $41.73 and a two-hundred day moving average price of $40.31.

La-Z-Boy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.96%. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 5th. La-Z-Boy’s dividend payout ratio is presently 27.68%.

About La-Z-Boy

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.