HBK Investments L P Has $1.05 Million Stake in La-Z-Boy Incorporated (LZB)
HBK Investments L P lessened its position in La-Z-Boy Incorporated (NYSE:LZB) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,485 shares of the company’s stock after selling 1,732 shares during the quarter. HBK Investments L P owned 0.07% of La-Z-Boy worth $1,045,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. lifted its holdings in shares of La-Z-Boy by 5.5% in the 3rd quarter. American International Group Inc. now owns 38,244 shares of the company’s stock worth $1,029,000 after acquiring an additional 2,006 shares during the last quarter. Kemnay Advisory Services Inc. lifted its holdings in shares of La-Z-Boy by 7.5% in the 4th quarter. Kemnay Advisory Services Inc. now owns 32,744 shares of the company’s stock worth $1,022,000 after acquiring an additional 2,290 shares during the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of La-Z-Boy by 3.7% in the 3rd quarter. Vident Investment Advisory LLC now owns 80,614 shares of the company’s stock worth $2,169,000 after acquiring an additional 2,892 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of La-Z-Boy by 31.1% in the 3rd quarter. SG Americas Securities LLC now owns 16,117 shares of the company’s stock worth $434,000 after acquiring an additional 3,827 shares during the last quarter. Finally, Toronto Dominion Bank bought a new stake in shares of La-Z-Boy in the 3rd quarter worth about $135,000. Hedge funds and other institutional investors own 88.47% of the company’s stock.
La-Z-Boy Incorporated (LZB) opened at $29.50 on Friday. The company has a market cap of $1,421.45, a PE ratio of 17.46 and a beta of 0.84. La-Z-Boy Incorporated has a 12 month low of $23.15 and a 12 month high of $34.25.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, March 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.63%. The ex-dividend date was Monday, March 5th. La-Z-Boy’s dividend payout ratio is presently 31.37%.
Several equities research analysts have recently issued reports on LZB shares. ValuEngine upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Stifel Nicolaus reaffirmed a “hold” rating on shares of La-Z-Boy in a research note on Friday, December 1st. Finally, Zacks Investment Research raised shares of La-Z-Boy from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. La-Z-Boy has an average rating of “Hold” and a consensus price target of $33.50.
In other La-Z-Boy news, VP Louis M. Riccio, Jr. sold 65,910 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $31.72, for a total transaction of $2,090,665.20. Following the transaction, the vice president now owns 95,342 shares of the company’s stock, valued at approximately $3,024,248.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Otis S. Sawyer sold 12,000 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $31.51, for a total transaction of $378,120.00. Following the transaction, the senior vice president now directly owns 60,238 shares in the company, valued at approximately $1,898,099.38. The disclosure for this sale can be found here. Insiders sold a total of 81,910 shares of company stock worth $2,595,625 in the last ninety days. 3.17% of the stock is currently owned by insiders.
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.
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