La-Z-Boy Incorporated (NYSE:LZB) Stock Holdings Lowered by Empowered Funds LLC

Empowered Funds LLC cut its holdings in shares of La-Z-Boy Incorporated (NYSE:LZB) by 74.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,529 shares of the company’s stock after selling 150,257 shares during the period. Empowered Funds LLC owned approximately 0.13% of La-Z-Boy worth $2,289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp lifted its stake in La-Z-Boy by 0.4% during the third quarter. State Street Corp now owns 1,672,009 shares of the company’s stock valued at $71,779,000 after purchasing an additional 6,925 shares during the last quarter. Systematic Financial Management LP lifted its stake in La-Z-Boy by 9.4% during the third quarter. Systematic Financial Management LP now owns 563,684 shares of the company’s stock valued at $24,199,000 after purchasing an additional 48,263 shares during the last quarter. abrdn plc lifted its stake in La-Z-Boy by 38.1% during the fourth quarter. abrdn plc now owns 347,589 shares of the company’s stock valued at $15,148,000 after purchasing an additional 95,812 shares during the last quarter. Nordea Investment Management AB lifted its stake in La-Z-Boy by 3.7% during the fourth quarter. Nordea Investment Management AB now owns 178,281 shares of the company’s stock valued at $7,814,000 after purchasing an additional 6,388 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in La-Z-Boy during the third quarter valued at approximately $5,988,000. 99.62% of the stock is owned by institutional investors and hedge funds.

La-Z-Boy Price Performance

LZB stock opened at $45.40 on Friday. La-Z-Boy Incorporated has a 12 month low of $32.00 and a 12 month high of $48.31. The firm has a market cap of $1.88 billion, a PE ratio of 15.71 and a beta of 1.35. The firm has a 50 day simple moving average of $44.67 and a 200 day simple moving average of $42.71.

La-Z-Boy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, December 5th. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.20. La-Z-Boy’s dividend payout ratio is 30.45%.

La-Z-Boy Company 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.