Quantbot Technologies LP bought a new stake in shares of La-Z-Boy Incorporated (NYSE:LZB – Free Report) during the first quarter, Holdings Channel.com reports. The fund bought 28,628 shares of the company’s stock, valued at approximately $1,077,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SummerHaven Investment Management LLC lifted its holdings in La-Z-Boy by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 24,649 shares of the company’s stock worth $910,000 after buying an additional 302 shares during the period. Bridge City Capital LLC boosted its position in shares of La-Z-Boy by 0.8% during the first quarter. Bridge City Capital LLC now owns 82,642 shares of the company’s stock valued at $3,109,000 after purchasing an additional 647 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of La-Z-Boy during the fourth quarter valued at approximately $35,000. Mirae Asset Global Investments Co. Ltd. grew its stake in La-Z-Boy by 7.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,128 shares of the company’s stock worth $743,000 after purchasing an additional 1,457 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in La-Z-Boy by 0.7% in the first quarter. Principal Financial Group Inc. now owns 235,072 shares of the company’s stock worth $8,843,000 after purchasing an additional 1,739 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.
La-Z-Boy Price Performance
Shares of NYSE LZB opened at $40.36 on Friday. The firm has a 50-day moving average of $36.41 and a 200 day moving average of $36.11. La-Z-Boy Incorporated has a 1 year low of $27.92 and a 1 year high of $41.08. The stock has a market cap of $1.69 billion, a P/E ratio of 14.26 and a beta of 1.29.
La-Z-Boy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Tuesday, June 4th. La-Z-Boy’s payout ratio is currently 28.27%.
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.
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