abrdn Increases Stake in La-Z-Boy

abrdn plc has boosted its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 3.8% during the fourth quarter of 2024. The firm now owns 6,965,615 shares of the furniture maker's stock, valued at approximately $209.47 million, after acquiring an additional 253,085 shares in the last quarter. This represents about 9.8% of La-Z-Boy's total stock.