La-Z-Boy Incorporated (NYSE:LZB) Stock Position Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its stake in La-Z-Boy Incorporated (NYSE:LZB) by 0.6% during the first quarter, HoldingsChannel.com reports. The fund owned 231,500 shares of the company’s stock after selling 1,500 shares during the period. Gamco Investors INC. ET AL’s holdings in La-Z-Boy were worth $8,709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in La-Z-Boy by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,184,810 shares of the company’s stock worth $117,584,000 after purchasing an additional 35,961 shares in the last quarter. First Trust Advisors LP increased its position in shares of La-Z-Boy by 31.8% in the fourth quarter. First Trust Advisors LP now owns 789,342 shares of the company’s stock worth $29,143,000 after acquiring an additional 190,651 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of La-Z-Boy by 1.3% during the fourth quarter. Schroder Investment Management Group now owns 692,004 shares of the company’s stock valued at $25,549,000 after acquiring an additional 8,722 shares during the period. Principal Financial Group Inc. lifted its position in shares of La-Z-Boy by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 235,072 shares of the company’s stock valued at $8,843,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of La-Z-Boy by 8.2% in the 1st quarter. Empowered Funds LLC now owns 178,608 shares of the company’s stock valued at $6,719,000 after acquiring an additional 13,475 shares in the last quarter. 99.62% of the stock is owned by institutional investors and hedge funds.

La-Z-Boy Trading Up 2.7 %

NYSE:LZB traded up $1.13 during trading hours on Friday, hitting $43.55. 417,925 shares of the stock traded hands, compared to its average volume of 461,682. The firm has a 50 day moving average price of $37.76 and a 200 day moving average price of $36.48. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 15.39 and a beta of 1.29. La-Z-Boy Incorporated has a fifty-two week low of $27.92 and a fifty-two week high of $43.97.

La-Z-Boy (NYSE:LZB) last posted its quarterly earnings results on Tuesday, June 18th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.25. La-Z-Boy had a return on equity of 13.10% and a net margin of 5.99%. The firm had revenue of $553.54 million for the quarter, compared to analyst estimates of $516.44 million. During the same period in the previous year, the firm earned $0.99 earnings per share. La-Z-Boy’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts predict that La-Z-Boy Incorporated will post 3.13 EPS for the current year.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, June 4th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Tuesday, June 4th. La-Z-Boy’s dividend payout ratio is currently 28.27%.

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.