2 weeks Ago By ABMN Staff
Maverick Capital Ltd. grew its stake in La-Z-Boy Incorporated ( NYSE:LZB – Free Report ) by 516.0% during the second quarter, HoldingsChannel reports.
The firm owned 84,349 shares of the company’s stock after purchasing an additional 70,656 shares during the quarter. Maverick Capital Ltd.’s holdings in La-Z-Boy were worth $3,145,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in La-Z-Boy in the 2nd quarter valued at $63,000. Innealta Capital LLC acquired a new stake in shares of La-Z-Boy in the 2nd quarter worth $69,000.
Allspring Global Investments Holdings LLC purchased a new stake in shares of La-Z-Boy in the first quarter valued at about $70,000. Quest Partners LLC acquired a new position in shares of La-Z-Boy during the second quarter worth about $91,000. Finally, Gallacher Capital Management LLC acquired a new position in shares of La-Z-Boy during the second quarter worth about $232,000.
Hedge funds and other institutional investors own 99.62% of the company’s stock. La-Z-Boy Price Performance La-Z-Boy stock opened at $42.
35 on Friday. The stock’s 50 day moving average price is $41.67 and its 200 day moving average price is $38.
03. La-Z-Boy Incorporated has a 1-year low of $27.92 and a 1-year high of $45.
23. The company has a market cap of $1.78 billion, a PE ratio of 14.
96 and a beta of 1.28. La-Z-Boy Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, September 16th.
Shareholders of record on Thursday, September 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 5th.
This represents a $0.80 dividend on an annualized basis and a yield of 1.89%.
La-Z-Boy’s dividend payout ratio (DPR) is presently 28.27%. Insider Activity In related news, CAO Jennifer Lynn Mccurry sold 4,414 shares of the company’s stock in a transaction that occurred on Monday, August 26th.
The stock was sold at an average price of $41.31, for a total value of $182,342.34.
Following the sale, the chief accounting officer now owns 13,236 shares in the company, valued at approximately $546,779.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink .
In other La-Z-Boy news, Director Janet Kerr sold 3,890 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $40.89, for a total transaction of $159,062.
10. Following the completion of the transaction, the director now directly owns 3,372 shares in the company, valued at approximately $137,881.08.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CAO Jennifer Lynn Mccurry sold 4,414 shares of La-Z-Boy stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.
31, for a total transaction of $182,342.34. Following the transaction, the chief accounting officer now owns 13,236 shares of the company’s stock, valued at approximately $546,779.
16. The disclosure for this sale can be found here . Insiders own 1.
70% of the company’s stock. Wall Street Analysts Forecast Growth Separately, Sidoti downgraded shares of La-Z-Boy from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company.
in a research report on Wednesday, August 21st. Read Our Latest Stock Report on LZB La-Z-Boy Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding LZB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for La-Z-Boy Incorporated ( NYSE:LZB – Free Report ).
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