World Investment Advisors LLC Takes Position in La-Z-Boy Incorporated (NYSE:LZB)

World Investment Advisors LLC acquired a new position in shares of La-Z-Boy Incorporated (NYSE:LZB) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,200 shares of the company’s stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in La-Z-Boy by 122.7% during the second quarter. SG Americas Securities LLC now owns 6,778 shares of the company’s stock worth $253,000 after buying an additional 3,734 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of La-Z-Boy by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the company’s stock worth $802,000 after acquiring an additional 300 shares during the period. Access Investment Management LLC increased its stake in La-Z-Boy by 0.6% in the 2nd quarter. Access Investment Management LLC now owns 115,795 shares of the company’s stock valued at $4,317,000 after purchasing an additional 640 shares in the last quarter. Miller Howard Investments Inc. NY raised its holdings in La-Z-Boy by 2.3% during the second quarter. Miller Howard Investments Inc. NY now owns 11,356 shares of the company’s stock worth $423,000 after purchasing an additional 252 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in La-Z-Boy by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,138 shares of the company’s stock worth $378,000 after purchasing an additional 771 shares in the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

La-Z-Boy Price Performance

Shares of NYSE LZB opened at $43.41 on Thursday. The firm’s 50-day moving average is $42.24 and its two-hundred day moving average is $40.86. The company has a market capitalization of $1.80 billion, a PE ratio of 15.02 and a beta of 1.34. La-Z-Boy Incorporated has a 12-month low of $32.00 and a 12-month high of $46.47.

La-Z-Boy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were paid a $0.22 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. This is a positive change from La-Z-Boy’s previous quarterly dividend of $0.20. La-Z-Boy’s dividend payout ratio is presently 30.45%.

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.