Systematic Financial Management LP lowered its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,216 shares of the company’s stock after selling 22,103 shares during the period. Systematic Financial Management LP owned 0.66% of La-Z-Boy worth $9,772,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. BlackRock Inc. grew its position in shares of La-Z-Boy by 2.5% in the fourth quarter. BlackRock Inc. now owns 6,075,719 shares of the company’s stock valued at $189,563,000 after purchasing an additional 148,474 shares during the period. Dimensional Fund Advisors LP grew its position in shares of La-Z-Boy by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,055,455 shares of the company’s stock valued at $82,192,000 after purchasing an additional 38,806 shares during the period. State Street Corp grew its position in shares of La-Z-Boy by 2.9% in the second quarter. State Street Corp now owns 1,249,498 shares of the company’s stock valued at $40,609,000 after purchasing an additional 35,483 shares during the period. Boston Partners grew its position in shares of La-Z-Boy by 11.1% in the fourth quarter. Boston Partners now owns 1,176,610 shares of the company’s stock valued at $36,710,000 after purchasing an additional 117,104 shares during the period. Finally, Royce & Associates LP grew its position in shares of La-Z-Boy by 739.0% in the fourth quarter. Royce & Associates LP now owns 836,248 shares of the company’s stock valued at $26,091,000 after purchasing an additional 736,578 shares during the period. 88.64% of the stock is owned by institutional investors and hedge funds.
In other La-Z-Boy news, insider John Douglas Collier sold 4,000 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $31.71, for a total transaction of $126,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Otis S. Sawyer sold 12,000 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $31.51, for a total value of $378,120.00. Following the sale, the senior vice president now directly owns 60,238 shares of the company’s stock, valued at approximately $1,898,099.38. The disclosure for this sale can be found here. 3.17% of the stock is currently owned by insiders.
La-Z-Boy (NYSE:LZB) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.21). La-Z-Boy had a net margin of 4.74% and a return on equity of 13.96%. The firm had revenue of $413.64 million for the quarter, compared to analysts’ expectations of $402.67 million. During the same period last year, the firm posted $0.47 EPS. La-Z-Boy’s revenue was up 6.1% on a year-over-year basis. analysts anticipate that La-Z-Boy Incorporated will post 1.79 earnings per share for the current fiscal year.
LZB has been the subject of a number of recent analyst reports. ValuEngine raised La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. KeyCorp reaffirmed a “buy” rating and issued a $36.00 price objective on shares of La-Z-Boy in a research report on Friday, November 10th. Zacks Investment Research raised La-Z-Boy from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of La-Z-Boy in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $33.50.
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.
Receive News & Ratings for La-Z-Boy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La-Z-Boy and related companies with MarketBeat.com's FREE daily email newsletter.