Cardinal Capital Management Grows Stock Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Cardinal Capital Management grew its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,736 shares of the company’s stock after purchasing an additional 1,550 shares during the period. Cardinal Capital Management owned about 0.10% of La-Z-Boy worth $1,862,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LZB. abrdn plc bought a new position in La-Z-Boy during the third quarter valued at approximately $10,809,000. Weiss Asset Management LP bought a new position in shares of La-Z-Boy during the 3rd quarter valued at $5,988,000. Allspring Global Investments Holdings LLC purchased a new position in La-Z-Boy in the 3rd quarter worth $3,684,000. Wellington Management Group LLP bought a new stake in La-Z-Boy in the third quarter worth $3,177,000. Finally, Barclays PLC boosted its stake in shares of La-Z-Boy by 244.6% during the third quarter. Barclays PLC now owns 75,256 shares of the company’s stock valued at $3,230,000 after purchasing an additional 53,419 shares during the period. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock opened at $45.40 on Tuesday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 15.71 and a beta of 1.35. La-Z-Boy Incorporated has a 52-week low of $32.00 and a 52-week high of $48.31. The company’s 50 day moving average price is $44.67 and its 200-day moving average price is $42.71.

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.