William Blair Investment Management LLC Raises Stock Position in La-Z-Boy Incorporated (NYSE:LZB)

William Blair Investment Management LLC grew its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 999,523 shares of the company’s stock after buying an additional 24,125 shares during the period. William Blair Investment Management LLC’s holdings in La-Z-Boy were worth $43,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of La-Z-Boy by 244.5% in 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. Assetmark Inc. bought a new stake in shares of La-Z-Boy in the 3rd quarter worth about $30,000. KBC Group NV lifted its holdings in shares of La-Z-Boy by 8.3% in the 4th quarter. KBC Group NV now owns 9,593 shares of the company’s stock worth $418,000 after acquiring an additional 734 shares during the last quarter. Versor Investments LP lifted its holdings in shares of La-Z-Boy by 7.7% in the 4th quarter. Versor Investments LP now owns 11,200 shares of the company’s stock worth $488,000 after acquiring an additional 800 shares during the last quarter. Finally, PFG Advisors lifted its holdings in shares of La-Z-Boy by 9.4% in the 4th quarter. PFG Advisors now owns 11,499 shares of the company’s stock worth $501,000 after acquiring an additional 989 shares during the last quarter. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Trading Up 0.2 %

La-Z-Boy stock opened at $38.45 on Tuesday. The firm has a 50-day moving average price of $44.38 and a 200-day moving average price of $42.94. The firm has a market capitalization of $1.59 billion, a PE ratio of 13.21 and a beta of 1.38. La-Z-Boy Incorporated has a 12-month low of $32.00 and a 12-month high of $48.31.

La-Z-Boy (NYSE:LZB) last announced 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 net margin of 5.92% and a return on equity of 12.38%. The company had revenue of $521.78 million during the quarter, compared to analyst estimates of $516.47 million. As a group, sell-side analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a yield of 2.29%. La-Z-Boy’s payout ratio is 30.24%.

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.