La-Z-Boy Incorporated (NYSE:LZB) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 136,000 shares of the company’s stock after selling 4,000 shares during the period. Gamco Investors INC. ET AL’s holdings in La-Z-Boy were worth $5,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in La-Z-Boy by 244.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 658 shares of the company’s stock worth $29,000 after buying an additional 467 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of La-Z-Boy during the fourth quarter valued at $51,000. Bank of Montreal Can purchased a new stake in La-Z-Boy during the 4th quarter worth about $203,000. O Shaughnessy Asset Management LLC raised its stake in La-Z-Boy by 7.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,282 shares of the company’s stock valued at $274,000 after purchasing an additional 457 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new position in La-Z-Boy in the 4th quarter valued at about $275,000. 99.62% of the stock is currently owned by institutional investors and hedge funds.

La-Z-Boy Price Performance

Shares of NYSE LZB opened at $37.71 on Thursday. The company has a 50-day simple moving average of $41.16 and a 200-day simple moving average of $42.43. The company has a market cap of $1.56 billion, a PE ratio of 12.96 and a beta of 1.31. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31.

La-Z-Boy (NYSE:LZB) last released its earnings results on Tuesday, February 18th. The company reported $0.68 EPS 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 firm had revenue of $521.78 million during the quarter, compared to analysts’ expectations of $516.47 million. On average, analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.88 annualized dividend and a yield of 2.33%. La-Z-Boy’s dividend payout ratio (DPR) is presently 30.24%.

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.