PFG Advisors Grows Position in La-Z-Boy Incorporated (NYSE:LZB)

PFG Advisors boosted its stake in La-Z-Boy Incorporated (NYSE:LZB) by 9.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,499 shares of the company’s stock after buying an additional 989 shares during the quarter. PFG Advisors’ holdings in La-Z-Boy were worth $501,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LZB. Smartleaf Asset Management LLC raised its position in La-Z-Boy by 244.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company’s stock valued at $29,000 after buying an additional 467 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of La-Z-Boy during the 3rd quarter valued at $30,000. TD Private Client Wealth LLC purchased a new stake in shares of La-Z-Boy during the 3rd quarter valued at $43,000. Venturi Wealth Management LLC purchased a new stake in shares of La-Z-Boy during the 4th quarter valued at $51,000. Finally, Advisors Asset Management Inc. increased its position in shares of La-Z-Boy by 176.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,973 shares of the company’s stock valued at $171,000 after purchasing an additional 2,536 shares during the last quarter. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Price Performance

Shares of La-Z-Boy stock opened at $38.28 on Friday. La-Z-Boy Incorporated has a 1 year low of $32.00 and a 1 year high of $48.31. The firm has a market cap of $1.58 billion, a PE ratio of 13.16 and a beta of 1.38. The stock has a fifty day moving average price of $44.49 and a 200-day moving average price of $42.93.

La-Z-Boy (NYSE:LZB) last announced its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. La-Z-Boy had a return on equity of 12.38% and a net margin of 5.92%. The firm had revenue of $521.78 million during the quarter, compared to analyst estimates of $516.47 million. As a group, equities analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Tuesday, March 4th. La-Z-Boy’s dividend payout ratio is presently 30.24%.

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.