MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of La-Z-Boy Incorporated (NYSE:LZB – Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,067 shares of the company’s stock after purchasing an additional 917 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of La-Z-Boy worth $1,049,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of La-Z-Boy by 244.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 658 shares of the company’s stock worth $29,000 after buying an additional 467 shares during the period. Venturi Wealth Management LLC acquired a new stake in La-Z-Boy during the 4th quarter worth about $51,000. Johnson Financial Group Inc. grew its holdings in La-Z-Boy by 2,394.1% during the 4th quarter. Johnson Financial Group Inc. now owns 1,696 shares of the company’s stock worth $80,000 after acquiring an additional 1,628 shares during the period. Bank of Montreal Can bought a new position in shares of La-Z-Boy in the 4th quarter worth about $203,000. Finally, Bridgefront Capital LLC acquired a new position in shares of La-Z-Boy in the 4th quarter valued at about $214,000. Institutional investors own 99.62% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, KeyCorp raised La-Z-Boy from a “sector weight” rating to an “overweight” rating and set a $46.00 target price for the company in a research note on Friday, April 25th.
La-Z-Boy Stock Down 0.5%
La-Z-Boy stock opened at $41.97 on Monday. The firm’s fifty day moving average is $39.86 and its 200 day moving average is $42.59. La-Z-Boy Incorporated has a 12-month low of $33.34 and a 12-month high of $48.31. The company has a market capitalization of $1.73 billion, a PE ratio of 14.42 and a beta of 1.33.
La-Z-Boy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, June 3rd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, June 3rd. La-Z-Boy’s payout ratio is 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.
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