8,610 Shares in La-Z-Boy Incorporated (NYSE:LZB) Acquired by Captrust Financial Advisors

Captrust Financial Advisors purchased a new stake in La-Z-Boy Incorporated (NYSE:LZB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,610 shares of the company’s stock, valued at approximately $370,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of La-Z-Boy by 9.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,146 shares of the company’s stock worth $478,000 after acquiring an additional 1,008 shares during the period. BNP Paribas Financial Markets raised its stake in shares of La-Z-Boy by 157.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 37,657 shares of the company’s stock valued at $1,617,000 after purchasing an additional 23,028 shares during the period. FMR LLC lifted its holdings in shares of La-Z-Boy by 16.0% in the third quarter. FMR LLC now owns 74,009 shares of the company’s stock valued at $3,177,000 after purchasing an additional 10,195 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of La-Z-Boy during the third quarter worth about $245,000. Finally, Cerity Partners LLC grew its holdings in shares of La-Z-Boy by 31.6% during the third quarter. Cerity Partners LLC now owns 20,618 shares of the company’s stock worth $885,000 after buying an additional 4,949 shares in the last quarter. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Trading Up 0.6 %

La-Z-Boy stock opened at $44.40 on Friday. The company has a fifty day simple moving average of $42.08 and a 200 day simple moving average of $40.69. La-Z-Boy Incorporated has a 1-year low of $32.00 and a 1-year high of $46.35. The company has a market cap of $1.84 billion, a P/E ratio of 15.36 and a beta of 1.34.

La-Z-Boy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a $0.22 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.20. La-Z-Boy’s payout ratio is currently 30.45%.

Analyst Ratings Changes

Separately, Sidoti cut La-Z-Boy from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research note on Wednesday, August 21st.

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 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.