According to Zacks, La-Z-Boy Incorporated (NYSE:LZB), announced on Tuesday, August 23rd, paid a quarterly dividend to its shareholders. The announcement was made. On Thursday, September 15th, 0.165 cent dividend payments per share will be made to shareholders who had their shares on record as of the previous business day, Wednesday, September 7th.
These shareholders will be eligible to receive these payments. This translates to a yield of 2.26% and a dividend payment of $0.66 yearly for every shareholder. Such stockholders will get their dividend payments on Tuesday, September 6th, if their accounts are in good standing as of that day. The La-Z-Boy Company is successfully putting its growth strategy into action.
The amount of money that La-Z-Boy pays out in dividends has climbed for the second year. This brings the total growth over the previous three years to an average increase of 7.9% each year. La-Z-dividend The boy’s payout is now set at 21.2% of earnings, which is a level that is comfortably supported by those earnings. The dividend payout has been maintained at this level for some time.
Next year, it is expected that each share of La-Z-Boy stock will yield $3.35 in revenue. Given that the company’s payout ratio is predicted to be 19.7%, the organization should be able to meet its annual dividend payment of $0.66. The Market’s Reaction to La-Z-Results Boy’s On Thursday, the price of a share of La-Z-Boy stock was set at $29.18, and trading began.
During the past year, the cost of a La-Z-Boy One-Year has seen a price range that spans from $22.21 to $39.99. At its current price, the stock has a price-to-earnings ratio of 7.76 and a beta value of 1.03. This means that the company’s market capitalization is $1.27 billion. The company now has a simple moving average of $26.65 over the past 50 days, and its simple moving average over the past 200 days is $27.31.
The La-Z-Boy Company Is Merely In The Beginning Stages Of Its Operations. The publication of its quarterly results report was announced on June 21st, a Tuesday. The company produced earnings per share for the quarter of $1.07, which is $0.14 better than analysts’ consensus expectation of $0.93. The actual revenue for the company’s performance for the quarter was $684.57 million, which was more than the average prediction of $668.85 million for the quarter’s revenue.
The return on equity for La-Z-Boy was 19.24 percent, and the net margin for the company was 6.73 percent. The sell-side analysts anticipate that La-Z-Boy will generate $3.13 in earnings per share during the current fiscal year. These projections were derived from historical data. What Do Large-Scale Financial Institutions Think About La-Z-Boy and Why Do They Love It?
Recently, some hedge funds and other types of institutional investors have increased their interest in the company or decreased the amount of stock they own. The number of shares that Captrust Financial Advisors held in La-Z-Boy saw a growth of 84.7% during the first three months of the year due to the company’s acquisition of new stock.
Captrust Financial Advisors is now the owner of 3,290 shares of the firm, which have a total value of $87,000. This comes about due to the company’s making an extra purchase of 1,509 shares during the prior quarter. Point72 Hong Kong Ltd. increased its overall stake in La-Z-Boy stock by 540.7% during the year’s first three months. Point72 Hong Kong Ltd. currently has a total ownership holding in the firm equal to 4,363 shares, having purchased an additional 3,682 shares of the company during that time for a combined price of $115,000.
To strengthen its position in La-Z-Boy shares, Renaissance Technologies LLC invested about $225,000 during the second quarter of the fiscal year. During the first three months of the fiscal year, Advisor Group Holdings Inc. saw an increase of 8.9% in the value of its holdings of La-Z-Boy shares. After making an additional acquisition of 723 shares during the relevant period, Advisor Group Holdings Inc. now directly owns 8,820 shares in the company.
Based on the current share price, this gives the company a value of $233,000 (based on today’s trading activity). Last but not least, during the second quarter of 2018, Occudo Quantitative Strategies LP made a new investment in La-Z-Boy shares, which resulted in a total investment cost of approximately 266,000 dollars. 96.00% of the company’s shares are owned by institutional investors and hedge funds, making up most of these shareholders.
Adjustments made to the predicted price ranges. Analysts determine Don’t skimp on your La-Z-Boy acquisition. Many analysts specializing in equity research have weighed in on the topic of the company, which centers on the analysis of stock prices. In a report on the company’s performance that was made public on Thursday, Raymond James downgraded its recommendation for La-Z-Boy stock from “outperform” to “market perform.”
The “hold” recommendation that Bloomberg had previously assigned to La-Z-Boy stock was upgraded to a “buy” rating in a research note issued on May 11th. La-Z-Boy Manufacturing, marketing, importing, exporting, distributing, and retailing upholstered furniture, accessories, and case goods furniture items are all carried out by La-Z-Boy Incorporated. These activities take place in the United States of America, Canada, and internationally. La-Z-Boy Incorporated is a publicly traded company. The corporation’s business activities can be separated into the following distinct categories: wholesale, retail, corporate, and other. Casegoods are pieces of furniture that are typically constructed out of wood. Casegoods include occasional pieces, bedroom sets, dining room sets, and entertainment centers, among other things. The company’s wholesale division is responsible for the production and import of case goods furnishings. In addition, it manufactures and sells upholstered furniture such as ottomans, sleeper sofas, sectionals, modulars, and recliners; motion furniture; sofas, loveseats, chairs, sectionals, modulars, and sectionals and modulars.
