Bridge City Capital LLC Acquires 867 Shares of La-Z-Boy Incorporated (NYSE:LZB)

Bridge City Capital LLC raised its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,359 shares of the company’s stock after buying an additional 867 shares during the quarter. Bridge City Capital LLC’s holdings in La-Z-Boy were worth $4,242,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in La-Z-Boy by 244.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company’s stock worth $29,000 after purchasing an additional 467 shares in the last quarter. KBC Group NV raised its stake in La-Z-Boy by 8.3% in the fourth quarter. KBC Group NV now owns 9,593 shares of the company’s stock worth $418,000 after buying an additional 734 shares in the last quarter. Versor Investments LP lifted its holdings in La-Z-Boy by 7.7% in the fourth quarter. Versor Investments LP now owns 11,200 shares of the company’s stock worth $488,000 after buying an additional 800 shares during the period. PFG Advisors boosted its position in La-Z-Boy by 9.4% during the 4th quarter. PFG Advisors now owns 11,499 shares of the company’s stock valued at $501,000 after acquiring an additional 989 shares in the last quarter. Finally, TD Private Client Wealth LLC purchased a new position in shares of La-Z-Boy during the 3rd quarter worth approximately $43,000. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Stock Performance

Shares of NYSE:LZB opened at $38.45 on Friday. La-Z-Boy Incorporated has a 52-week low of $32.00 and a 52-week high of $48.31. The firm has a market capitalization of $1.59 billion, a P/E ratio of 13.21 and a beta of 1.38. The stock has a 50 day moving average price of $43.89 and a 200-day moving average price of $42.85.

La-Z-Boy (NYSE:LZB) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $521.78 million during the quarter, compared to the consensus estimate of $516.47 million. On average, equities analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, March 4th. La-Z-Boy’s payout ratio is currently 30.24%.

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.