American Century Companies Inc. Has $50.07 Million Stock Position in La-Z-Boy Incorporated (NYSE:LZB)

American Century Companies Inc. grew its stake in La-Z-Boy Incorporated (NYSE:LZB) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,149,236 shares of the company’s stock after buying an additional 33,416 shares during the quarter. American Century Companies Inc. owned 2.77% of La-Z-Boy worth $50,072,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LZB. State Street Corp boosted its stake in La-Z-Boy by 0.4% in the 3rd quarter. State Street Corp now owns 1,672,009 shares of the company’s stock worth $71,779,000 after purchasing an additional 6,925 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of La-Z-Boy by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 999,523 shares of the company’s stock valued at $43,549,000 after purchasing an additional 24,125 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of La-Z-Boy by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 801,140 shares of the company’s stock valued at $34,906,000 after purchasing an additional 22,168 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of La-Z-Boy by 9.4% during the third quarter. Systematic Financial Management LP now owns 563,684 shares of the company’s stock worth $24,199,000 after buying an additional 48,263 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of La-Z-Boy by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 471,642 shares of the company’s stock worth $20,549,000 after buying an additional 9,383 shares in the last quarter. Institutional investors own 99.62% of the company’s stock.

La-Z-Boy Stock Performance

NYSE LZB opened at $39.52 on Thursday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 13.58 and a beta of 1.38. La-Z-Boy Incorporated has a 52 week low of $32.00 and a 52 week high of $48.31. The stock’s 50 day moving average price is $43.73 and its two-hundred day moving average price is $42.86.

La-Z-Boy (NYSE:LZB) last announced its earnings results on Tuesday, February 18th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $521.78 million during the quarter, compared to analysts’ expectations 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 research analysts forecast that La-Z-Boy Incorporated will post 2.99 EPS for the current year.

La-Z-Boy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Tuesday, March 4th. La-Z-Boy’s payout ratio is 30.24%.

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.