New York State Teachers Retirement System Buys 1,247 Shares of La-Z-Boy Incorporated (NYSE:LZB)

New York State Teachers Retirement System raised its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 1.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 82,073 shares of the company’s stock after acquiring an additional 1,247 shares during the period. New York State Teachers Retirement System owned approximately 0.20% of La-Z-Boy worth $3,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp lifted its stake in La-Z-Boy by 0.4% during the 3rd quarter. State Street Corp now owns 1,672,009 shares of the company’s stock valued at $71,779,000 after acquiring an additional 6,925 shares during the period. Systematic Financial Management LP lifted its stake in shares of La-Z-Boy by 9.4% in the 3rd quarter. Systematic Financial Management LP now owns 563,684 shares of the company’s stock worth $24,199,000 after purchasing an additional 48,263 shares during the period. abrdn plc lifted its stake in shares of La-Z-Boy by 38.1% in the 4th quarter. abrdn plc now owns 347,589 shares of the company’s stock worth $15,148,000 after purchasing an additional 95,812 shares during the period. Empowered Funds LLC lifted its stake in shares of La-Z-Boy by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 202,786 shares of the company’s stock worth $8,706,000 after purchasing an additional 10,318 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of La-Z-Boy by 3.7% in the 4th quarter. Nordea Investment Management AB now owns 178,281 shares of the company’s stock worth $7,814,000 after purchasing an additional 6,388 shares during the period. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Stock Up 0.7 %

Shares of NYSE:LZB opened at $44.88 on Friday. The firm’s 50 day moving average price is $44.73 and its 200-day moving average price is $42.80. La-Z-Boy Incorporated has a twelve month low of $32.00 and a twelve month high of $48.31. The stock has a market capitalization of $1.85 billion, a PE ratio of 15.42 and a beta of 1.35.

La-Z-Boy (NYSE:LZB) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $521.78 million for the quarter, compared to analysts’ expectations of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. Analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, March 4th. La-Z-Boy’s dividend payout ratio (DPR) is currently 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.