LSV Asset Management Has $66.56 Million Stock Holdings in La-Z-Boy Incorporated (NYSE:LZB)

LSV Asset Management reduced its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 6.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,527,537 shares of the company’s stock after selling 97,768 shares during the period. LSV Asset Management’s holdings in La-Z-Boy were worth $66,555,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of La-Z-Boy by 244.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 658 shares of the company’s stock worth $29,000 after purchasing an additional 467 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in La-Z-Boy during the 3rd quarter worth about $43,000. Venturi Wealth Management LLC bought a new stake in shares of La-Z-Boy in the 4th quarter valued at about $51,000. Bank of Montreal Can acquired a new stake in shares of La-Z-Boy in the fourth quarter valued at about $203,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of La-Z-Boy by 7.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,282 shares of the company’s stock worth $274,000 after acquiring an additional 457 shares during the last quarter. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Price Performance

La-Z-Boy stock opened at $38.34 on Friday. The stock’s 50 day moving average is $41.67 and its 200 day moving average is $42.51. La-Z-Boy Incorporated has a one year low of $32.00 and a one year high of $48.31. The firm has a market cap of $1.58 billion, a P/E ratio of 13.17 and a beta of 1.31.

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

La-Z-Boy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.30%. La-Z-Boy’s dividend payout ratio (DPR) 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.