Barclays PLC Purchases 16,043 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Barclays PLC grew its position in La-Z-Boy Incorporated (NYSE:LZB) by 18.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,500 shares of the company’s stock after acquiring an additional 16,043 shares during the period. Barclays PLC’s holdings in La-Z-Boy were worth $3,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Carroll Financial Associates Inc. bought a new stake in shares of La-Z-Boy during the 3rd quarter worth about $108,000. NumerixS Investment Technologies Inc boosted its holdings in shares of La-Z-Boy by 46.4% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,100 shares of the company’s stock worth $126,000 after buying an additional 1,300 shares during the period. Bank of Montreal Can boosted its holdings in shares of La-Z-Boy by 401.4% during the 2nd quarter. Bank of Montreal Can now owns 4,673 shares of the company’s stock worth $143,000 after buying an additional 3,741 shares during the period. Point72 Hong Kong Ltd boosted its holdings in shares of La-Z-Boy by 2,862.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 5,659 shares of the company’s stock worth $174,000 after buying an additional 5,468 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of La-Z-Boy during the 3rd quarter worth about $206,000. 89.04% of the stock is owned by institutional investors.

NYSE LZB opened at $31.60 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.77 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.49 billion, a P/E ratio of 14.77 and a beta of 0.75. La-Z-Boy Incorporated has a 12-month low of $25.30 and a 12-month high of $37.48. The firm has a 50-day moving average price of $34.79 and a two-hundred day moving average price of $32.65.

La-Z-Boy (NYSE:LZB) last posted its quarterly earnings data on Wednesday, November 20th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The business had revenue of $447.21 million during the quarter, compared to the consensus estimate of $454.39 million. La-Z-Boy had a net margin of 3.98% and a return on equity of 15.10%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. Equities analysts expect that La-Z-Boy Incorporated will post 2.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.77%. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.13. La-Z-Boy’s payout ratio is currently 24.30%.

Several analysts recently commented on LZB shares. ValuEngine downgraded shares of La-Z-Boy from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Zacks Investment Research downgraded shares of La-Z-Boy from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Finally, Raymond James raised shares of La-Z-Boy from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $37.00.

In other La-Z-Boy news, SVP Darrell Dewain Edwards sold 14,820 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $33.43, for a total value of $495,432.60. Following the completion of the sale, the senior vice president now owns 59,470 shares of the company’s stock, valued at approximately $1,988,082.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.02% of the company’s stock.

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 Upholstery, Casegoods, and Retail segments. The Upholstery segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas.

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Institutional Ownership by Quarter for La-Z-Boy (NYSE:LZB)

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