1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership lessened its holdings in La-Z-Boy Incorporated (NYSE:LZB – Free Report) by 35.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,942 shares of the company’s stock after selling 118,338 shares during the quarter.
Arrowstreet Capital Limited Partnership owned approximately 0.53% of La-Z-Boy worth $9,496,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently bought and sold shares of LZB.
Norges Bank purchased a new position in shares of La-Z-Boy in the 4th quarter valued at about $5,786,000. JPMorgan Chase & Co. increased its stake in La-Z-Boy by 40.
5% in the fourth quarter. JPMorgan Chase & Co. now owns 291,912 shares of the company’s stock valued at $12,719,000 after purchasing an additional 84,180 shares during the last quarter.
Bridge City Capital LLC raised its holdings in La-Z-Boy by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 97,359 shares of the company’s stock worth $4,242,000 after purchasing an additional 867 shares in the last quarter.
Fox Run Management L.L.C.
purchased a new stake in shares of La-Z-Boy during the 4th quarter worth approximately $638,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of La-Z-Boy in the 4th quarter valued at $349,000. 99.
62% of the stock is currently owned by institutional investors and hedge funds. La-Z-Boy Price PerformanceShares of NYSE:LZB opened at $37.31 on Monday.
La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31.
The firm has a market capitalization of $1.54 billion, a P/E ratio of 12.82 and a beta of 1.
31. The company’s fifty day moving average price is $42.74 and its 200 day moving average price is $42.
74. La-Z-Boy (NYSE:LZB – Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.
68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01.
The business had revenue of $521.78 million for the quarter, compared to analysts’ expectations of $516.47 million.
La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%.
On average, sell-side analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current year. La-Z-Boy Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Friday, March 14th.
Stockholders of record on Tuesday, March 4th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 4th.
This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.36%.
La-Z-Boy’s dividend payout ratio (DPR) is presently 30.24%. 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.Read MoreFive stocks we like better than La-Z-BoyDividend Capture Strategy: What You Need to KnowNewsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?Ride Out The Recession With These Dividend Kings Disney 2025 Shareholders: Major Updates for InvestorsMost active stocks: Dollar volume vs share volumeAdvance Auto Parts Stock: A Classic Rebound Play in the MakingWant to see what other hedge funds are holding LZB? Visit HoldingsChannel.
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