La-Z-Boy Incorporated (NYSE:LZB) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,874 shares of the company’s stock after selling 438 shares during the period. Yousif Capital Management LLC’s holdings in La-Z-Boy were worth $692,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of La-Z-Boy during the 3rd quarter worth $3,684,000. abrdn plc purchased a new stake in shares of La-Z-Boy during the third quarter valued at $10,809,000. Assetmark Inc. acquired a new position in shares of La-Z-Boy in the 3rd quarter valued at $30,000. Versor Investments LP purchased a new position in La-Z-Boy in the 3rd quarter worth about $446,000. Finally, Victory Capital Management Inc. raised its holdings in La-Z-Boy by 85.8% during the 3rd quarter. Victory Capital Management Inc. now owns 45,267 shares of the company’s stock worth $1,943,000 after buying an additional 20,900 shares during the period. 99.62% of the stock is currently owned by institutional investors.

La-Z-Boy Price Performance

LZB stock opened at $45.40 on Friday. The firm has a market capitalization of $1.88 billion, a P/E ratio of 15.71 and a beta of 1.35. La-Z-Boy Incorporated has a 52-week low of $32.00 and a 52-week high of $48.31. The company’s 50 day simple moving average is $44.67 and its 200-day simple moving average is $42.71.

La-Z-Boy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, December 5th. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.20. La-Z-Boy’s dividend payout ratio (DPR) is 30.45%.

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.