La-Z-Boy Incorporated (NYSE:LZB) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 50.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,408 shares of the company’s stock after selling 31,820 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.08% of La-Z-Boy worth $1,348,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LZB. Sei Investments Co. grew its position in La-Z-Boy by 26.6% in the 1st quarter. Sei Investments Co. now owns 15,309 shares of the company’s stock worth $576,000 after purchasing an additional 3,219 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in La-Z-Boy by 0.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 36,639 shares of the company’s stock worth $1,379,000 after buying an additional 307 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in La-Z-Boy by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,436 shares of the company’s stock valued at $2,425,000 after acquiring an additional 2,717 shares during the period. Cardinal Capital Management increased its position in La-Z-Boy by 4.4% in the 2nd quarter. Cardinal Capital Management now owns 36,998 shares of the company’s stock valued at $1,379,000 after acquiring an additional 1,556 shares during the period. Finally, SG Americas Securities LLC raised its stake in La-Z-Boy by 122.7% during the 2nd quarter. SG Americas Securities LLC now owns 6,778 shares of the company’s stock valued at $253,000 after acquiring an additional 3,734 shares in the last quarter. Institutional investors own 99.62% of the company’s stock.

Analysts Set New Price Targets

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 note on Wednesday, August 21st.

La-Z-Boy Trading Down 1.1 %

LZB stock opened at $45.26 on Wednesday. The firm’s 50-day moving average is $41.33 and its two-hundred day moving average is $39.84. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 15.66 and a beta of 1.29. La-Z-Boy Incorporated has a 52 week low of $30.76 and a 52 week high of $46.35.

La-Z-Boy Increases Dividend

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

Insiders Place Their Bets

In other La-Z-Boy news, Director Janet Kerr sold 3,890 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $40.89, for a total value of $159,062.10. Following the sale, the director now directly owns 3,372 shares in the company, valued at approximately $137,881.08. The trade was a 53.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.

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.