Nordea Investment Management AB Purchases 6,388 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Nordea Investment Management AB grew its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 178,281 shares of the company’s stock after acquiring an additional 6,388 shares during the period. Nordea Investment Management AB’s holdings in La-Z-Boy were worth $7,814,000 at the end of the most recent reporting period.

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

La-Z-Boy Trading Down 0.3 %

LZB opened at $43.13 on Friday. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $46.47. The business’s 50-day moving average price is $43.39 and its 200-day moving average price is $41.62. The company has a market cap of $1.79 billion, a P/E ratio of 14.92 and a beta of 1.35.

La-Z-Boy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Thursday, December 5th. This is a positive change from La-Z-Boy’s previous quarterly dividend of $0.20. La-Z-Boy’s dividend payout ratio is 30.45%.

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.