Vanguard Group Inc. Increases Stake in La-Z-Boy Incorporated (NYSE:LZB)

Vanguard Group Inc. increased its holdings in La-Z-Boy Incorporated (NYSE:LZB – Free Report) by 0.2% in the 4th quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The company owned 5,116,149 shares of the company’s stock after purchasing an additional 8,485 shares during the quarter. Vanguard Group Inc. owned approximately 12.00% of La-Z-Boy, worth $188,888,000, at the end of the last quarter.

Several other institutional investors and hedge funds have also recently modified their positions in the stock. Natixis Advisors LP increased its position in La-Z-Boy by 27.1% during the third quarter. Natixis Advisors LP now owns 51,562 shares of the company’s stock worth $1,592,000 after purchasing an additional 10,996 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in La-Z-Boy in the third quarter valued at $795,000. Quadrature Capital Ltd acquired a new position in La-Z-Boy in the third quarter valued at $251,000. Glenmede Trust Co. NA increased its position in La-Z-Boy by 0.8% during the third quarter. Glenmede Trust Co. NA now owns 327,675 shares of the company’s stock, worth $10,119,000, after purchasing an additional 2,607 shares during the period. Finally, Alps Advisors Inc. increased its holdings in La-Z-Boy shares by 184.5% during the third quarter. Alps Advisors Inc. now owns 30,721 shares of the company’s stock, worth $949,000, after purchasing an additional 19,921 shares during the period. Institutional investors and hedge funds own 99.62% of the company’s stock.

La-Z-Boy Value for Money

The NYSE LZB opened at $36.95 on Wednesday. The company’s 50-day simple moving average is $35.68 and its 200-day simple moving average is $36.07. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 13.06 and a beta of 1.29. La-Z-Boy Incorporated has a 1-year low of $26.95 and a 1-year high of $41.08.

La-Z-Boy (NYSE: LZB – Get Free Report) reported its quarterly results on Tuesday, June 18. The company reported earnings per share (EPS) of $0.95 for the quarter, beating the consensus estimate of $0.70 by $0.25. La-Z-Boy had a net margin of 5.99% and a return on equity of 13.10%. The company had revenue of $553.54 million for the quarter, compared to the consensus estimate of $516.44 million. In the same period last year, the company had earnings per share of $0.99. La-Z-Boy’s revenue for the quarter decreased 1.4% on a year-over-year basis. On average, equity research analysts expect La-Z-Boy Incorporated to post EPS of 3.13 for the current fiscal year.

La-Z-Boy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th received a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 4th. This represents an annualized dividend of $0.80 and a yield of 2.17%. La-Z-Boy’s dividend payout ratio is currently 28.27%.

La-Z-Boy Company Profile

(Free report)

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstered furniture, accessories and casework 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, sectionals, ottomans and sofa beds; and imports, distributes and retails casework (wood) furniture, including accent pieces, bedroom sets, dining sets, entertainment centers and accent pieces.

La-Z-Boy Value for Money

La-Z-Boy Dividend Announcement

La-Z-Boy Company Profile

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