La-Z-Boy Incorporated (NYSE:LZB) Shares Purchased by Cardinal Capital Management

Cardinal Capital Management increased its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 18.6% in the first quarter, HoldingsChannel.com reports. The firm owned 35,442 shares of the company’s stock after acquiring an additional 5,563 shares during the quarter. Cardinal Capital Management’s holdings in La-Z-Boy were worth $1,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bridge City Capital LLC grew its stake in shares of La-Z-Boy by 0.8% during the first quarter. Bridge City Capital LLC now owns 82,642 shares of the company’s stock worth $3,109,000 after purchasing an additional 647 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of La-Z-Boy by 25.3% during the fourth quarter. Quadrature Capital Ltd now owns 10,181 shares of the company’s stock worth $376,000 after purchasing an additional 2,054 shares in the last quarter. Schroder Investment Management Group grew its stake 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 worth $25,549,000 after purchasing an additional 8,722 shares in the last quarter. First Trust Advisors LP boosted its stake in La-Z-Boy by 31.8% in the fourth quarter. First Trust Advisors LP now owns 789,342 shares of the company’s stock valued at $29,143,000 after acquiring an additional 190,651 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in La-Z-Boy in the fourth quarter valued at $776,000. Institutional investors and hedge funds own 99.62% of the company’s stock.

La-Z-Boy Price Performance

NYSE LZB opened at $36.35 on Friday. La-Z-Boy Incorporated has a 1 year low of $26.95 and a 1 year high of $41.08. The company has a market capitalization of $1.52 billion, a PE ratio of 12.84 and a beta of 1.25. The company has a fifty day moving average of $35.49 and a two-hundred day moving average of $36.05.

La-Z-Boy (NYSE:LZB) last announced its earnings results on Tuesday, June 18th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.25. La-Z-Boy had a net margin of 5.99% and a return on equity of 13.10%. The business had revenue of $553.54 million during the quarter, compared to the consensus estimate of $516.44 million. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, research analysts expect that La-Z-Boy Incorporated will post 3.13 earnings per share for the current year.

La-Z-Boy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.20%. La-Z-Boy’s dividend payout ratio (DPR) is 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.