Bridge City Capital LLC lessened its stake in La-Z-Boy Incorporated (NYSE:LZB – Free Report) by 30.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 65,172 shares of the company’s stock after selling 28,560 shares during the quarter. Bridge City Capital LLC’s holdings in La-Z-Boy were worth $2,429,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in LZB. Royal Bank of Canada increased its holdings in shares of La-Z-Boy by 11.1% in the 1st quarter. Royal Bank of Canada now owns 16,056 shares of the company’s stock valued at $628,000 after purchasing an additional 1,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of La-Z-Boy by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,836 shares of the company’s stock valued at $971,000 after purchasing an additional 769 shares in the last quarter. Norges Bank purchased a new position in shares of La-Z-Boy in the 2nd quarter valued at about $404,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of La-Z-Boy in the 2nd quarter valued at about $736,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of La-Z-Boy by 290.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.
La-Z-Boy Price Performance
La-Z-Boy stock opened at $38.50 on Friday. La-Z-Boy Incorporated has a 12-month low of $29.03 and a 12-month high of $41.06. The stock has a market capitalization of $1.58 billion, a P/E ratio of 19.06 and a beta of 1.26. The firm’s 50-day moving average is $35.46 and its two-hundred day moving average is $36.43.
La-Z-Boy Announces Dividend
Analyst Upgrades and Downgrades
LZB has been the topic of a number of research reports. Wall Street Zen raised shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of La-Z-Boy in a research note on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.
View Our Latest Stock Analysis on LZB
La-Z-Boy Company Profile
La-Z-Boy Incorporated (NYSE: LZB) is a leading U.S. manufacturer and marketer of residential furniture, best known for its upholstered recliners, sofas, stationary chairs and sleeper sofas. The company offers a broad range of products in both fabric and leather, complemented by occasional tables, desks, lamps and other home furnishings through its branded retail network.
Founded in 1927 by cousins Edward Knabusch and Edwin Shoemaker in Monroe, Michigan, La-Z-Boy pioneered the modern reclining chair.
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