La-Z-Boy Incorporated (NYSE:LZB) Shares Purchased by PFG Advisors

PFG Advisors increased its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 23.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 8,445 shares of the company’s stock after acquiring an additional 1,607 shares during the period. PFG Advisors’ holdings in La-Z-Boy were worth $318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its holdings in shares of La-Z-Boy by 34.9% during the 4th quarter. Allianz Asset Management GmbH now owns 167,776 shares of the company’s stock worth $6,194,000 after purchasing an additional 43,404 shares during the period. Phocas Financial Corp. boosted its stake in La-Z-Boy by 2.0% during the fourth quarter. Phocas Financial Corp. now owns 125,334 shares of the company’s stock worth $4,627,000 after buying an additional 2,411 shares during the period. American Century Companies Inc. increased its position in shares of La-Z-Boy by 22.7% during the third quarter. American Century Companies Inc. now owns 588,258 shares of the company’s stock valued at $18,165,000 after acquiring an additional 108,945 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of La-Z-Boy by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,184,810 shares of the company’s stock valued at $117,584,000 after acquiring an additional 35,961 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of La-Z-Boy by 1.3% in the 4th quarter. Schroder Investment Management Group now owns 692,004 shares of the company’s stock worth $25,549,000 after acquiring an additional 8,722 shares during the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.

La-Z-Boy Price Performance

Shares of NYSE:LZB traded up $0.43 during mid-day trading on Friday, reaching $40.36. 502,571 shares of the company were exchanged, compared to its average volume of 670,830. La-Z-Boy Incorporated has a 1 year low of $27.92 and a 1 year high of $41.08. The firm’s 50-day simple moving average is $36.41 and its 200 day simple moving average is $36.12. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 14.26 and a beta of 1.29.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings results on Tuesday, June 18th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.70 by $0.25. The business had revenue of $553.54 million during the quarter, compared to analyst estimates of $516.44 million. La-Z-Boy had a return on equity of 13.10% and a net margin of 5.99%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. On average, research analysts forecast that La-Z-Boy Incorporated will post 3.13 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.80 dividend on an annualized basis and a yield of 1.98%. La-Z-Boy’s dividend payout ratio (DPR) is presently 28.27%.

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.