La-Z-Boy (NYSE:LZB) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

La-Z-Boy Incorporated (NYSE:LZB) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $41.61 and traded as high as $44.50. La-Z-Boy shares last traded at $43.31, with a volume of 441,620 shares changing hands.

La-Z-Boy Stock Performance

The stock has a 50-day moving average of $43.31 and a two-hundred day moving average of $41.61. The company has a market cap of $1.80 billion, a P/E ratio of 14.99 and a beta of 1.35.

La-Z-Boy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were paid a $0.22 dividend. This is a boost from La-Z-Boy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. La-Z-Boy’s payout ratio is presently 30.45%.

Institutional Trading of La-Z-Boy

Institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. purchased a new stake in shares of La-Z-Boy during the third quarter valued at approximately $30,000. TD Private Client Wealth LLC bought a new position in La-Z-Boy in the 3rd quarter valued at approximately $43,000. Quarry LP boosted its stake in La-Z-Boy by 2,550.0% during the 2nd quarter. Quarry LP now owns 1,378 shares of the company’s stock valued at $51,000 after purchasing an additional 1,326 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of La-Z-Boy in the 2nd quarter worth $63,000. Finally, Quest Partners LLC purchased a new position in shares of La-Z-Boy in the second quarter worth $91,000. 99.62% of the stock is currently owned by institutional investors.

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.