Orion Portfolio Solutions LLC Sells 317 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Orion Portfolio Solutions LLC decreased its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 30,658 shares of the company’s stock after selling 317 shares during the period. Orion Portfolio Solutions LLC owned approximately 0.07% of La-Z-Boy worth $1,336,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake 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 position in shares of La-Z-Boy during the third quarter worth $43,000. Venturi Wealth Management LLC bought a new position in shares of La-Z-Boy during the fourth quarter worth $51,000. Verity Asset Management Inc. acquired a new position in shares of La-Z-Boy in the 4th quarter valued at $275,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of La-Z-Boy in the 4th quarter valued at $349,000. Institutional investors and hedge funds own 99.62% of the company’s stock.

La-Z-Boy Trading Up 1.3 %

LZB stock opened at $37.31 on Friday. La-Z-Boy Incorporated has a 1-year low of $32.00 and a 1-year high of $48.31. The firm has a market cap of $1.54 billion, a PE ratio of 12.82 and a beta of 1.38. The business’s 50-day moving average price is $42.74 and its two-hundred day moving average price is $42.74.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $516.47 million. On average, analysts forecast that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy’s dividend payout ratio (DPR) is presently 30.24%.

About La-Z-Boy

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.