Orion Portfolio Solutions LLC Has $1.34 Million Position in La-Z-Boy Incorporated (NYSE:LZB)

Orion Portfolio Solutions LLC lessened its position in La-Z-Boy Incorporated (NYSE:LZB) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,658 shares of the company’s stock after selling 317 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in La-Z-Boy were worth $1,336,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of LZB. Smartleaf Asset Management LLC grew its holdings in shares of La-Z-Boy by 244.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 658 shares of the company’s stock valued at $29,000 after acquiring an additional 467 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in La-Z-Boy during the third quarter valued at approximately $43,000. Venturi Wealth Management LLC bought a new position in La-Z-Boy in the fourth quarter valued at approximately $51,000. Verity Asset Management Inc. acquired a new position in shares of La-Z-Boy during the 4th quarter worth approximately $275,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of La-Z-Boy during the 4th quarter worth approximately $349,000. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Trading Up 1.3 %

NYSE:LZB opened at $37.31 on Friday. The stock has a market capitalization of $1.54 billion, a PE ratio of 12.82 and a beta of 1.38. La-Z-Boy Incorporated has a 1-year low of $32.00 and a 1-year high of $48.31. The firm has a fifty day simple moving average of $42.74 and a 200 day simple moving average of $42.74.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $521.78 million during the quarter, compared to the consensus estimate of $516.47 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. On average, equities analysts predict that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.88 annualized dividend and a yield of 2.36%. La-Z-Boy’s dividend payout ratio is 30.24%.

La-Z-Boy Profile

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.