1 week Ago By Defense World Staff
Norges Bank bought a new stake in La-Z-Boy Incorporated (NYSE:LZB – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 132,798 shares of the company’s stock, valued at approximately $5,786,000. Norges Bank owned about 0.
32% of La-Z-Boy as of its most recent SEC filing. Several other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in La-Z-Boy by 244.
5% during the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company’s stock worth $29,000 after acquiring an additional 467 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of La-Z-Boy during the third quarter worth about $43,000.
Venturi Wealth Management LLC acquired a new position in shares of La-Z-Boy in the fourth quarter valued at approximately $51,000. Verity Asset Management Inc. bought a new position in La-Z-Boy in the 4th quarter valued at approximately $275,000.
Finally, KLP Kapitalforvaltning AS acquired a new stake in La-Z-Boy during the 4th quarter worth approximately $349,000. Institutional investors and hedge funds own 99.62% of the company’s stock.
La-Z-Boy Price PerformanceLZB opened at $39.02 on Thursday. La-Z-Boy Incorporated has a fifty-two week low of $32.
00 and a fifty-two week high of $48.31. The company’s 50 day moving average price is $41.
81 and its two-hundred day moving average price is $42.53. The firm has a market capitalization of $1.
61 billion, a price-to-earnings ratio of 13.41 and a beta of 1.31.
La-Z-Boy (NYSE:LZB – Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
67 by $0.01. La-Z-Boy had a return on equity of 12.
38% and a net margin of 5.92%. The business had revenue of $521.
78 million during the quarter, compared to the consensus estimate of $516.47 million. As a group, equities research analysts predict that La-Z-Boy Incorporated will post 2.
99 EPS for the current year. La-Z-Boy Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.
22 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.
88 annualized dividend and a yield of 2.26%. La-Z-Boy’s payout ratio is 30.
24%. La-Z-Boy 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.See AlsoFive stocks we like better than La-Z-BoyHow to Know if a Stock Pays Dividends and When They Are Paid OutQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreDiversification Can Smooth Returns And Mitigate Portfolio RiskAre Tariffs Threatening Disney’s Comeback Story?Dividend Payout Ratio CalculatorIs Alphabet a Generational Buying Opportunity at These Levels?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)..
