Royce & Associates LP Grows Stock Holdings in La-Z-Boy Incorporated $LZB

Royce & Associates LP grew its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB) by 53.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 45,139 shares of the company’s stock after purchasing an additional 15,712 shares during the period. Royce & Associates LP’s holdings in La-Z-Boy were worth $1,682,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Hantz Financial Services Inc. lifted its holdings in shares of La-Z-Boy by 32.9% during the fourth quarter. Hantz Financial Services Inc. now owns 22,137 shares of the company’s stock valued at $825,000 after purchasing an additional 5,481 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of La-Z-Boy by 13.1% during the fourth quarter. William Blair Investment Management LLC now owns 719,246 shares of the company’s stock valued at $26,806,000 after purchasing an additional 83,149 shares during the last quarter. LSV Asset Management lifted its holdings in shares of La-Z-Boy by 0.8% during the fourth quarter. LSV Asset Management now owns 1,476,882 shares of the company’s stock valued at $55,043,000 after purchasing an additional 11,983 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of La-Z-Boy during the fourth quarter valued at approximately $45,000. Finally, Versor Investments LP lifted its holdings in shares of La-Z-Boy by 29.2% during the fourth quarter. Versor Investments LP now owns 35,442 shares of the company’s stock valued at $1,321,000 after purchasing an additional 8,000 shares during the last quarter. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LZB has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of La-Z-Boy in a report on Monday, May 18th. Wall Street Zen upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

La-Z-Boy Trading Down 1.4%

NYSE:LZB opened at $37.63 on Friday. La-Z-Boy Incorporated has a 12 month low of $29.03 and a 12 month high of $42.44. The company has a market cap of $1.54 billion, a PE ratio of 18.63 and a beta of 1.25. The company has a 50 day simple moving average of $34.48 and a two-hundred day simple moving average of $36.09.

La-Z-Boy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, June 2nd will be issued a $0.242 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.97 annualized dividend and a yield of 2.6%. La-Z-Boy’s dividend payout ratio is currently 48.02%.

La-Z-Boy Company Profile

La-Z-Boy Incorporated (NYSE: LZB) is a leading U.S. manufacturer and marketer of residential furniture, best known for its upholstered recliners, sofas, stationary chairs and sleeper sofas. The company offers a broad range of products in both fabric and leather, complemented by occasional tables, desks, lamps and other home furnishings through its branded retail network.

Founded in 1927 by cousins Edward Knabusch and Edwin Shoemaker in Monroe, Michigan, La-Z-Boy pioneered the modern reclining chair.