Squarepoint Ops LLC Has $9.38 Million Stock Holdings in La-Z-Boy Incorporated (NYSE:LZB)

Squarepoint Ops LLC grew its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 215,321 shares of the company’s stock after buying an additional 12,044 shares during the quarter. Squarepoint Ops LLC owned 0.52% of La-Z-Boy worth $9,382,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Alliancebernstein L.P. raised its stake in shares of La-Z-Boy by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 48,545 shares of the company’s stock valued at $2,115,000 after buying an additional 301 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of La-Z-Boy by 1.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 24,504 shares of the company’s stock worth $1,068,000 after purchasing an additional 359 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of La-Z-Boy by 7.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,282 shares of the company’s stock worth $274,000 after purchasing an additional 457 shares during the last quarter. 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 worth $29,000 after purchasing an additional 467 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of La-Z-Boy by 4.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,887 shares of the company’s stock worth $605,000 after purchasing an additional 556 shares during the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.

La-Z-Boy Stock Performance

LZB opened at $41.97 on Friday. The firm’s 50-day simple moving average is $39.86 and its 200-day simple moving average is $42.57. La-Z-Boy Incorporated has a twelve month low of $33.34 and a twelve month high of $48.31. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 14.42 and a beta of 1.33.

La-Z-Boy (NYSE:LZB) last posted its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. La-Z-Boy had a net margin of 5.92% and a return on equity of 12.38%. The business had revenue of $521.78 million for the quarter, compared to analyst estimates of $516.47 million. As a group, sell-side analysts anticipate that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, June 3rd. La-Z-Boy’s dividend payout ratio is currently 30.24%.

Wall Street Analysts Forecast Growth

Separately, KeyCorp raised shares of La-Z-Boy from a “sector weight” rating to an “overweight” rating and set a $46.00 target price on the stock in a report on Friday, April 25th.

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.