Barrow Hanley Mewhinney & Strauss LLC Has $2.51 Million Stake in La-Z-Boy Incorporated (NYSE:LZB)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,400 shares of the company’s stock after selling 27,491 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.19% of La-Z-Boy worth $2,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new position in shares of La-Z-Boy in the fourth quarter worth about $112,000. Tower Research Capital LLC TRC raised its position in shares of La-Z-Boy by 805.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,622 shares of the company’s stock worth $114,000 after acquiring an additional 3,222 shares during the period. Meeder Asset Management Inc. raised its position in shares of La-Z-Boy by 44.9% in the fourth quarter. Meeder Asset Management Inc. now owns 4,111 shares of the company’s stock worth $114,000 after acquiring an additional 1,274 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of La-Z-Boy in the third quarter worth about $165,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of La-Z-Boy by 27.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,090 shares of the company’s stock worth $196,000 after acquiring an additional 1,524 shares during the period. 92.24% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Darrell Dewain Edwards sold 1,777 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $36.02, for a total transaction of $64,007.54. Following the completion of the transaction, the insider now owns 31,947 shares in the company, valued at approximately $1,150,730.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Douglas Collier sold 49,635 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $32.71, for a total transaction of $1,623,560.85. Following the transaction, the insider now owns 65,594 shares of the company’s stock, valued at approximately $2,145,579.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 230,598 shares of company stock valued at $7,842,411. Insiders own 4.55% of the company’s stock.

A number of research analysts have weighed in on LZB shares. Sidoti set a $38.00 price objective on shares of La-Z-Boy and gave the stock a “buy” rating in a research report on Wednesday, February 20th. ValuEngine upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Finally, Zacks Investment Research upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Saturday, February 23rd.

Shares of La-Z-Boy stock traded down $0.80 during trading hours on Friday, reaching $33.92. The stock had a trading volume of 244,645 shares, compared to its average volume of 262,258. La-Z-Boy Incorporated has a twelve month low of $25.30 and a twelve month high of $39.15. The company has a market cap of $1.58 billion, a P/E ratio of 18.74 and a beta of 0.95.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings results on Tuesday, February 19th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. La-Z-Boy had a net margin of 5.92% and a return on equity of 15.94%. The firm had revenue of $467.58 million during the quarter, compared to the consensus estimate of $457.17 million. As a group, sell-side analysts expect that La-Z-Boy Incorporated will post 2.18 earnings per share for the current fiscal year.

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La-Z-Boy Profile

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 Upholstery, Casegoods, and Retail segments. The Upholstery segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas.

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Institutional Ownership by Quarter for La-Z-Boy (NYSE:LZB)

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