Vanguard Group Inc. Sells 21,930 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Vanguard Group Inc. decreased its stake in La-Z-Boy Incorporated (NYSE:LZB) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,983,768 shares of the company’s stock after selling 21,930 shares during the period. Vanguard Group Inc. owned 12.01% of La-Z-Boy worth $217,143,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LZB. Bridge City Capital LLC boosted its position in La-Z-Boy by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 97,359 shares of the company’s stock worth $4,242,000 after purchasing an additional 867 shares during the period. Fox Run Management L.L.C. bought a new position in La-Z-Boy in the 4th quarter worth approximately $638,000. KLP Kapitalforvaltning AS bought a new position in La-Z-Boy in the 4th quarter worth approximately $349,000. American Century Companies Inc. grew its stake in La-Z-Boy by 3.0% in the 4th quarter. American Century Companies Inc. now owns 1,149,236 shares of the company’s stock valued at $50,072,000 after buying an additional 33,416 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in La-Z-Boy by 338.4% during the 4th quarter. Teacher Retirement System of Texas now owns 163,713 shares of the company’s stock valued at $7,133,000 after acquiring an additional 126,371 shares during the period. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

La-Z-Boy Price Performance

La-Z-Boy stock opened at $37.31 on Friday. La-Z-Boy Incorporated has a one year low of $32.00 and a one year high of $48.31. The firm has a market capitalization of $1.54 billion, a P/E ratio of 12.82 and a beta of 1.38. The business has a fifty day moving average price of $42.74 and a 200-day moving average price of $42.74.

La-Z-Boy (NYSE:LZB) last posted its earnings results 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 return on equity of 12.38% and a net margin of 5.92%. The business had revenue of $521.78 million during the quarter, compared to analyst estimates of $516.47 million. Sell-side 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 company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.36%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy’s payout ratio 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.