La-Z-Boy Incorporated (NYSE:LZB) Shares Bought by Amundi

Amundi grew its stake in La-Z-Boy Incorporated (NYSE:LZB) by 174.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,325 shares of the company’s stock after purchasing an additional 12,921 shares during the quarter. Amundi’s holdings in La-Z-Boy were worth $876,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in La-Z-Boy by 244.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 658 shares of the company’s stock valued at $29,000 after buying an additional 467 shares in the last quarter. Assetmark Inc. bought a new stake in shares of La-Z-Boy in the 3rd quarter valued at approximately $30,000. TD Private Client Wealth LLC acquired a new stake in shares of La-Z-Boy during the 3rd quarter valued at approximately $43,000. Venturi Wealth Management LLC bought a new position in La-Z-Boy during the fourth quarter worth $51,000. Finally, Advisors Asset Management Inc. boosted 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. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Stock Performance

Shares of NYSE:LZB opened at $38.74 on Thursday. The company’s fifty day moving average is $44.16 and its two-hundred day moving average is $42.91. La-Z-Boy Incorporated has a 1-year low of $32.00 and a 1-year high of $48.31. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 13.31 and a beta of 1.38.

La-Z-Boy (NYSE:LZB) last issued its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Sell-side analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.27%. La-Z-Boy’s payout ratio is currently 30.24%.

La-Z-Boy Company 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.