La-Z-Boy (NYSE:LZB) Sets New 1-Year High at $43.91

La-Z-Boy Incorporated (NYSE:LZB)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $43.91 and last traded at $43.77, with a volume of 121514 shares trading hands. The stock had previously closed at $42.42.

La-Z-Boy Stock Up 2.7 %

The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 15.29 and a beta of 1.29. The company’s fifty day simple moving average is $37.62 and its 200 day simple moving average is $36.44.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings results on Tuesday, June 18th. The company reported $0.95 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $516.44 million. During the same period in the prior year, the company posted $0.99 earnings per share. La-Z-Boy’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts anticipate that La-Z-Boy Incorporated will post 3.13 earnings per share for the current year.

La-Z-Boy Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LZB. International Assets Investment Management LLC bought a new position in shares of La-Z-Boy in the fourth quarter worth about $35,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of La-Z-Boy by 7.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,128 shares of the company’s stock worth $743,000 after acquiring an additional 1,457 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of La-Z-Boy in the fourth quarter worth about $794,000. Phocas Financial Corp. raised its holdings in La-Z-Boy by 2.0% in the 4th quarter. Phocas Financial Corp. now owns 125,334 shares of the company’s stock valued at $4,627,000 after buying an additional 2,411 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in La-Z-Boy by 20.7% in the 4th quarter. Russell Investments Group Ltd. now owns 36,384 shares of the company’s stock valued at $1,343,000 after buying an additional 6,229 shares during the last quarter. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Company 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.