Smartleaf Asset Management LLC Has $29,000 Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Smartleaf Asset Management LLC lifted its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 244.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 658 shares of the company’s stock after buying an additional 467 shares during the quarter. Smartleaf Asset Management LLC’s holdings in La-Z-Boy were worth $29,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Assetmark Inc. acquired a new stake in La-Z-Boy in the third quarter worth $30,000. TD Private Client Wealth LLC acquired a new stake in La-Z-Boy in the third quarter worth $43,000. Venturi Wealth Management LLC acquired a new stake in La-Z-Boy in the fourth quarter worth $51,000. Advisors Asset Management Inc. grew its holdings in La-Z-Boy by 176.5% in the third quarter. Advisors Asset Management Inc. now owns 3,973 shares of the company’s stock worth $171,000 after purchasing an additional 2,536 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in La-Z-Boy in the third quarter worth $245,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.

La-Z-Boy Trading Down 2.1 %

NYSE:LZB opened at $39.78 on Thursday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.67 and a beta of 1.38. The firm has a fifty day simple moving average of $44.66 and a two-hundred day simple moving average of $42.99. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $521.78 million for the quarter, compared to analyst estimates of $516.47 million. Equities analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Tuesday, March 4th. La-Z-Boy’s dividend payout ratio (DPR) is 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.