Inspire Investing LLC Makes a New Investment of $236,000 in La-Z-Boy Incorporated (NYSE:LZB)


Inspire Investing LLC purchased a new position in shares of La-Z-Boy Incorporated (NYSE:LZB – Get Rating ) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 8,935 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LZB. Fifth Third Bancorp boosted its stake in La-Z-Boy by 7.8% in the fourth quarter. Fifth Third Bancorp now owns 4,570 shares of the company’s stock valued at $166,000 after purchasing an additional 331 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in La-Z-Boy by 12.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,124 shares of the company’s stock valued at $150,000 after buying an additional 449 shares in the last quarter. First Horizon Advisors Inc. lifted its position in La-Z-Boy by 117.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,050 shares of the company’s stock valued at $37,000 after buying an additional 567 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in La-Z-Boy during the 4th quarter worth $25,000. Finally, Teacher Retirement System of Texas raised its position in La-Z-Boy by 14.8% during the 4th quarter. that quarter. Teacher Retirement System of Texas now owns 8,560 shares of the company’s stock valued at $311,000 after buying an additional 1,104 shares in the last quarter. Institutional investors own 96.00% of the company’s shares.

Shares of LZB stock opened at $25.20 on Friday. The company has a 50-day simple moving average of $25.09 and a 200-day simple moving average of $29.16. The company has a market cap of $1.09 billion, a PE ratio of 7.39 and a beta of 0.98. La-Z-Boy Incorporated has a 52-week low of $22.21 and a 52-week high of $39.99.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Thursday, June 2nd were given a $0.165 dividend. The ex-dividend date was Wednesday, June 1st. This represents an annualized dividend of $0.66 and a dividend yield of 2.62%. La-Z-Boy’s dividend payout ratio is currently 19.35%.

A number of equities analysts have commented on LZB shares. Raymond James restated an “outperform” rating and set a $32.00 target price (up previously from $40.00) on shares of La-Z-Boy in a research report on Friday, June 24th. StockNews.com upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 11th.

La-Z-Boy Company Profile (Get Rating)

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails furniture products, accessories and furniture products in the United States, Canada and internationally. It operates through wholesale and retail segments. The wholesale segment manufactures and imports upholstered furniture, such as chaise lounges and mobile furniture, sofas, loveseats, chairs, sectionals, units, ottomans and sofa beds; and imports, distributes and retails furniture (wood), including occasional pieces, bedroom sets, dining sets and entertainment centers.

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



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