La-Z-Boy Incorporated (NYSE:LZB) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 40.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,912 shares of the company’s stock after acquiring an additional 84,180 shares during the period. JPMorgan Chase & Co. owned about 0.70% of La-Z-Boy worth $12,719,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of La-Z-Boy by 0.4% in the 3rd quarter. State Street Corp now owns 1,672,009 shares of the company’s stock worth $71,779,000 after buying an additional 6,925 shares during the last quarter. Wellington Management Group LLP acquired a new stake in La-Z-Boy during the third quarter worth about $3,177,000. Barclays PLC lifted its holdings in La-Z-Boy by 244.6% in the third quarter. Barclays PLC now owns 75,256 shares of the company’s stock worth $3,230,000 after acquiring an additional 53,419 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in La-Z-Boy in the third quarter valued at approximately $43,000. Finally, World Investment Advisors LLC acquired a new position in La-Z-Boy in the third quarter valued at approximately $352,000. 99.62% of the stock is currently owned by institutional investors.

La-Z-Boy Trading Up 0.3 %

Shares of La-Z-Boy stock opened at $38.51 on Monday. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.23 and a beta of 1.31. La-Z-Boy Incorporated has a twelve month low of $32.00 and a twelve month high of $48.31. The business’s 50 day simple moving average is $41.51 and its 200-day simple moving average is $42.49.

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

La-Z-Boy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.22 per share. 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 payout ratio is 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.