Schwab Charles Investment Management Inc. lessened its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 392,740 shares of the company’s stock after selling 16,126 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.81% of La-Z-Boy worth $10,565,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LZB. Boston Partners grew its holdings in La-Z-Boy by 39.0% during the 3rd quarter. Boston Partners now owns 1,059,506 shares of the company’s stock valued at $28,501,000 after buying an additional 297,244 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of La-Z-Boy by 154.2% during the second quarter. JPMorgan Chase & Co. now owns 472,830 shares of the company’s stock worth $15,367,000 after purchasing an additional 286,854 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of La-Z-Boy during the third quarter worth $5,875,000. Ameriprise Financial Inc. boosted its holdings in shares of La-Z-Boy by 28.5% during the second quarter. Ameriprise Financial Inc. now owns 634,811 shares of the company’s stock worth $20,633,000 after purchasing an additional 140,951 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of La-Z-Boy by 46.0% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 352,702 shares of the company’s stock worth $9,488,000 after purchasing an additional 111,183 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.

La-Z-Boy Incorporated (LZB) opened at $31.20 on Friday. La-Z-Boy Incorporated has a fifty-two week low of $23.15 and a fifty-two week high of $34.25. The firm has a market capitalization of $1,502.33, a price-to-earnings ratio of 17.83 and a beta of 1.03.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings data on Wednesday, November 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. La-Z-Boy had a return on equity of 14.33% and a net margin of 5.53%. The company had revenue of $393.20 million for the quarter, compared to analyst estimates of $390.03 million. During the same period last year, the company posted $0.42 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. research analysts expect that La-Z-Boy Incorporated will post 1.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Monday, December 11th were given a $0.12 dividend. The ex-dividend date was Friday, December 8th. This is a positive change from La-Z-Boy’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.54%. La-Z-Boy’s dividend payout ratio (DPR) is 27.43%.

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus restated a “hold” rating on shares of La-Z-Boy in a report on Friday, December 1st. ValuEngine upgraded La-Z-Boy from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Zacks Investment Research upgraded La-Z-Boy from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, KeyCorp restated a “buy” rating and set a $36.00 price objective on shares of La-Z-Boy in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. La-Z-Boy presently has an average rating of “Hold” and an average target price of $33.00.

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La-Z-Boy Profile

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.

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

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