La-Z-Boy Incorporated (NYSE:LZB) Shares Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management grew its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 39.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,381 shares of the company’s stock after purchasing an additional 2,661 shares during the period. Picton Mahoney Asset Management’s holdings in La-Z-Boy were worth $409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LZB. Weiss Asset Management LP purchased a new position in shares of La-Z-Boy during the third quarter valued at approximately $5,988,000. abrdn plc lifted its stake in shares of La-Z-Boy by 38.1% during the 4th quarter. abrdn plc now owns 347,589 shares of the company’s stock worth $15,148,000 after purchasing an additional 95,812 shares during the period. Wellington Management Group LLP acquired a new stake in shares of La-Z-Boy during the third quarter worth $3,177,000. Allspring Global Investments Holdings LLC grew its position in shares of La-Z-Boy by 67.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 143,949 shares of the company’s stock valued at $6,272,000 after purchasing an additional 58,146 shares during the period. Finally, Barclays PLC increased its stake in La-Z-Boy by 244.6% in the third quarter. Barclays PLC now owns 75,256 shares of the company’s stock valued at $3,230,000 after purchasing an additional 53,419 shares during the last quarter. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

La-Z-Boy Trading Down 0.1 %

NYSE LZB opened at $38.28 on Monday. The business’s 50-day moving average price is $44.38 and its 200 day moving average price is $42.94. La-Z-Boy Incorporated has a twelve month low of $32.00 and a twelve month high of $48.31. The company has a market capitalization of $1.58 billion, a PE ratio of 13.16 and a beta of 1.38.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data 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 net margin of 5.92% and a return on equity of 12.38%. The business had revenue of $521.78 million for the quarter, compared to analyst estimates of $516.47 million. Equities analysts predict that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.88 annualized dividend and a dividend yield of 2.30%. La-Z-Boy’s dividend payout ratio 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.