La-Z-Boy Incorporated (NYSE:LZB) Stock Holdings Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 471,642 shares of the company’s stock after buying an additional 9,383 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.14% of La-Z-Boy worth $20,549,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Verity Asset Management Inc. bought a new stake in shares of La-Z-Boy during the fourth quarter valued at approximately $275,000. Rhumbline Advisers boosted its holdings in La-Z-Boy by 1.1% during the fourth quarter. Rhumbline Advisers now owns 160,292 shares of the company’s stock worth $6,984,000 after buying an additional 1,818 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of La-Z-Boy by 85.8% in the 3rd quarter. Victory Capital Management Inc. now owns 45,267 shares of the company’s stock worth $1,943,000 after acquiring an additional 20,900 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of La-Z-Boy by 67.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 143,949 shares of the company’s stock valued at $6,272,000 after purchasing an additional 58,146 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in La-Z-Boy by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 223,683 shares of the company’s stock valued at $9,746,000 after purchasing an additional 6,908 shares in the last quarter. 99.62% of the stock is currently owned by institutional investors and hedge funds.

La-Z-Boy Trading Down 1.1 %

Shares of NYSE:LZB opened at $41.20 on Tuesday. La-Z-Boy Incorporated has a 1 year low of $32.00 and a 1 year high of $48.31. The business has a fifty day simple moving average of $44.77 and a 200 day simple moving average of $42.98. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 14.16 and a beta of 1.38.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. The business had revenue of $521.78 million during the quarter, compared to analyst estimates of $516.47 million. On average, sell-side analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.14%. La-Z-Boy’s payout ratio is presently 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.