Fox Run Management L.L.C. Buys New Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Fox Run Management L.L.C. purchased a new position in La-Z-Boy Incorporated (NYSE:LZB) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,649 shares of the company’s stock, valued at approximately $638,000.

A number of other institutional investors also recently bought and sold shares of LZB. Smartleaf Asset Management LLC increased 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 acquiring an additional 467 shares during the period. TD Private Client Wealth LLC acquired a new stake in La-Z-Boy during the 3rd quarter worth about $43,000. Venturi Wealth Management LLC purchased a new position in shares of La-Z-Boy during the 4th quarter valued at about $51,000. Advisors Asset Management Inc. lifted its holdings in shares of La-Z-Boy by 176.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,973 shares of the company’s stock valued at $171,000 after buying an additional 2,536 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of La-Z-Boy in the third quarter worth about $245,000. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Trading Up 4.5 %

Shares of LZB stock opened at $40.15 on Tuesday. La-Z-Boy Incorporated has a twelve month low of $32.00 and a twelve month high of $48.31. The stock has a 50 day moving average of $43.82 and a 200 day moving average of $42.87. The stock has a market cap of $1.66 billion, a P/E ratio of 13.80 and a beta of 1.38.

La-Z-Boy (NYSE:LZB) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. On average, research analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy’s dividend payout ratio (DPR) is presently 30.24%.

About La-Z-Boy

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.