Fox Run Management L.L.C. Invests $638,000 in La-Z-Boy Incorporated (NYSE:LZB)

Fox Run Management L.L.C. purchased a new stake in La-Z-Boy Incorporated (NYSE:LZB) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 14,649 shares of the company’s stock, valued at approximately $638,000.

Several other institutional investors also recently bought and sold shares of LZB. Weiss Asset Management LP purchased a new position in La-Z-Boy in the 3rd quarter valued at $5,988,000. Teacher Retirement System of Texas lifted its stake in shares of La-Z-Boy by 338.4% in the fourth quarter. Teacher Retirement System of Texas now owns 163,713 shares of the company’s stock worth $7,133,000 after buying an additional 126,371 shares in the last quarter. abrdn plc boosted its position in La-Z-Boy by 38.1% during the fourth quarter. abrdn plc now owns 347,589 shares of the company’s stock worth $15,148,000 after acquiring an additional 95,812 shares during the last quarter. Wellington Management Group LLP purchased a new stake in La-Z-Boy during the 3rd quarter valued at about $3,177,000. Finally, Allspring Global Investments Holdings LLC grew its stake in La-Z-Boy by 67.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 143,949 shares of the company’s stock valued at $6,272,000 after acquiring an additional 58,146 shares in the last quarter. 99.62% of the stock is currently owned by institutional investors and hedge funds.

La-Z-Boy Price Performance

LZB opened at $40.15 on Tuesday. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 13.80 and a beta of 1.38. The company’s 50 day simple moving average is $43.82 and its two-hundred day simple moving average is $42.87. La-Z-Boy Incorporated has a 1-year low of $32.00 and a 1-year high of $48.31.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $521.78 million for the quarter, compared to the consensus estimate of $516.47 million. On average, equities analysts anticipate that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Tuesday, March 4th. La-Z-Boy’s payout ratio is currently 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.