La-Z-Boy Incorporated (NYSE:LZB) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,282 shares of the company’s stock after purchasing an additional 457 shares during the period. O Shaughnessy Asset Management LLC’s holdings in La-Z-Boy were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of LZB. Norges Bank purchased a new position in shares of La-Z-Boy during the 4th quarter valued at approximately $5,786,000. Teacher Retirement System of Texas raised its holdings in 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 valued at $7,133,000 after acquiring an additional 126,371 shares in the last quarter. abrdn plc boosted its stake in La-Z-Boy by 38.1% during the 4th quarter. abrdn plc now owns 347,589 shares of the company’s stock valued at $15,148,000 after acquiring an additional 95,812 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in La-Z-Boy by 40.5% during the 4th quarter. JPMorgan Chase & Co. now owns 291,912 shares of the company’s stock worth $12,719,000 after acquiring an additional 84,180 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of La-Z-Boy in the 3rd quarter worth about $3,177,000. Institutional investors and hedge funds own 99.62% of the company’s stock.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock opened at $38.51 on Friday. La-Z-Boy Incorporated has a 1 year low of $32.00 and a 1 year high of $48.31. The firm’s 50-day simple moving average is $41.51 and its 200-day simple moving average is $42.48. The firm has a market cap of $1.59 billion, a PE ratio of 13.23 and a beta of 1.31.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $521.78 million for the quarter, compared to analysts’ expectations of $516.47 million. La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%. On average, equities analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, March 4th. La-Z-Boy’s dividend payout ratio is presently 30.24%.

La-Z-Boy Company 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.