La-Z-Boy Incorporated (NYSE:LZB) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in La-Z-Boy Incorporated (NYSE:LZB) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,820 shares of the company’s stock after purchasing an additional 1,454 shares during the quarter. Franklin Resources Inc. owned about 0.06% of La-Z-Boy worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of La-Z-Boy by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,138 shares of the company’s stock worth $378,000 after buying an additional 771 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in La-Z-Boy in the 2nd quarter worth approximately $1,136,000. Gallacher Capital Management LLC purchased a new position in shares of La-Z-Boy during the 2nd quarter worth $232,000. Quest Partners LLC acquired a new stake in shares of La-Z-Boy during the second quarter worth $91,000. Finally, Choreo LLC purchased a new stake in shares of La-Z-Boy in the second quarter valued at $433,000. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

La-Z-Boy Trading Down 1.7 %

NYSE LZB opened at $43.32 on Friday. The business’s 50-day moving average price is $42.73 and its 200 day moving average price is $41.21. La-Z-Boy Incorporated has a twelve month low of $32.00 and a twelve month high of $46.47. The company has a market capitalization of $1.80 billion, a PE ratio of 14.99 and a beta of 1.34.

La-Z-Boy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 5th. La-Z-Boy’s payout ratio is presently 30.45%.

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.