Brinker Capital Investments LLC Buys 3,444 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Brinker Capital Investments LLC lifted its stake in La-Z-Boy Incorporated (NYSE:LZBGet Rating) by 10.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,539 shares of the company’s stock after buying an additional 3,444 shares during the quarter. Brinker Capital Investments LLC’s holdings in La-Z-Boy were worth $847,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors raised its stake in La-Z-Boy by 13.4% during the 2nd quarter. Captrust Financial Advisors now owns 3,730 shares of the company’s stock valued at $88,000 after purchasing an additional 440 shares during the period. Citigroup Inc. raised its stake in La-Z-Boy by 1.2% during the 1st quarter. Citigroup Inc. now owns 42,834 shares of the company’s stock valued at $1,129,000 after purchasing an additional 500 shares during the period. Rhumbline Advisers raised its stake in La-Z-Boy by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 159,568 shares of the company’s stock valued at $3,783,000 after purchasing an additional 510 shares during the period. Strs Ohio raised its stake in La-Z-Boy by 5.9% during the 2nd quarter. Strs Ohio now owns 10,700 shares of the company’s stock valued at $253,000 after purchasing an additional 600 shares during the period. Finally, Pinnacle Holdings LLC raised its stake in La-Z-Boy by 1.9% during the 1st quarter. Pinnacle Holdings LLC now owns 32,770 shares of the company’s stock valued at $864,000 after purchasing an additional 610 shares during the period. Institutional investors own 96.55% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on La-Z-Boy in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

La-Z-Boy Price Performance

NYSE LZB opened at $26.49 on Monday. The stock has a market capitalization of $1.14 billion, a PE ratio of 6.72 and a beta of 1.07. The business has a 50 day simple moving average of $24.89 and a two-hundred day simple moving average of $25.43. La-Z-Boy Incorporated has a 1-year low of $21.92 and a 1-year high of $37.76.

La-Z-Boy (NYSE:LZBGet Rating) last released its quarterly earnings results on Wednesday, November 30th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.19. The business had revenue of $611.33 million during the quarter, compared to analysts’ expectations of $598.50 million. La-Z-Boy had a return on equity of 19.30% and a net margin of 6.90%. On average, analysts anticipate that La-Z-Boy Incorporated will post 3.28 EPS for the current fiscal year.

La-Z-Boy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Monday, December 12th were issued a dividend of $0.1815 per share. This represents a $0.73 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, December 9th. This is a boost from La-Z-Boy’s previous quarterly dividend of $0.17. La-Z-Boy’s dividend payout ratio (DPR) is currently 18.53%.

La-Z-Boy Profile

(Get Rating)

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, and entertainment centers.

Further Reading

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

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