Dimensional Fund Advisors LP Buys 38,806 Shares of La-Z-Boy Incorporated (LZB)
Dimensional Fund Advisors LP boosted its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,055,455 shares of the company’s stock after buying an additional 38,806 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.29% of La-Z-Boy worth $82,192,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank bought a new position in shares of La-Z-Boy in the 3rd quarter worth about $135,000. Ameritas Investment Partners Inc. raised its position in shares of La-Z-Boy by 7.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,240 shares of the company’s stock worth $138,000 after acquiring an additional 290 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of La-Z-Boy by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,999 shares of the company’s stock worth $162,000 after acquiring an additional 747 shares in the last quarter. Amalgamated Bank bought a new position in shares of La-Z-Boy in the 2nd quarter worth about $217,000. Finally, Airain ltd bought a new position in shares of La-Z-Boy in the 2nd quarter worth about $244,000. 86.37% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently commented on LZB. ValuEngine raised La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating on shares of La-Z-Boy in a research report on Friday, December 1st. KeyCorp reaffirmed a “buy” rating and issued a $36.00 target price on shares of La-Z-Boy in a research report on Friday, November 10th. Zacks Investment Research lowered La-Z-Boy from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, BidaskClub lowered La-Z-Boy from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. La-Z-Boy presently has a consensus rating of “Hold” and an average target price of $33.00.
Shares of La-Z-Boy Incorporated (LZB) opened at $31.65 on Friday. La-Z-Boy Incorporated has a 12-month low of $23.15 and a 12-month high of $34.25. The company has a market capitalization of $1,490.00, a PE ratio of 18.19 and a beta of 1.03.
La-Z-Boy (NYSE:LZB) last issued its earnings results on Wednesday, November 29th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. La-Z-Boy had a return on equity of 14.33% and a net margin of 5.53%. The business had revenue of $393.20 million during the quarter, compared to analyst estimates of $390.03 million. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. equities analysts predict that La-Z-Boy Incorporated will post 1.74 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Monday, December 11th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.11. La-Z-Boy’s payout ratio is 27.59%.
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La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.
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