La-Z-Boy Inc. (LZB) Scheduled to Post Earnings on Wednesday
La-Z-Boy Inc. (NYSE:LZB) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 30th. Analysts expect La-Z-Boy to post earnings of $0.38 per share for the quarter.
Shares of La-Z-Boy Inc. (NYSE:LZB) opened at 27.45 on Tuesday. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 17.56 and a beta of 0.87. La-Z-Boy Inc. has a 52-week low of $19.56 and a 52-week high of $31.22. The stock has a 50 day moving average of $24.73 and a 200 day moving average of $26.68.
In other La-Z-Boy news, insider John Douglas Collier sold 26,874 shares of La-Z-Boy stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $26.17, for a total value of $703,292.58. Following the completion of the sale, the insider now directly owns 98,849 shares in the company, valued at $2,586,878.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.57% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of LZB. Hsbc Holdings PLC boosted its stake in La-Z-Boy by 0.8% in the second quarter. Hsbc Holdings PLC now owns 8,596 shares of the company’s stock worth $239,000 after buying an additional 71 shares during the period. Arizona State Retirement System boosted its stake in La-Z-Boy by 1.2% in the second quarter. Arizona State Retirement System now owns 25,885 shares of the company’s stock worth $720,000 after buying an additional 300 shares during the period. California State Teachers Retirement System boosted its stake in La-Z-Boy by 0.9% in the third quarter. California State Teachers Retirement System now owns 103,875 shares of the company’s stock worth $2,551,000 after buying an additional 900 shares during the period. US Bancorp DE boosted its stake in La-Z-Boy by 3.1% in the second quarter. US Bancorp DE now owns 40,914 shares of the company’s stock worth $1,138,000 after buying an additional 1,247 shares during the period. Finally, BlackRock Investment Management LLC boosted its stake in La-Z-Boy by 1.1% in the second quarter. BlackRock Investment Management LLC now owns 255,527 shares of the company’s stock worth $7,109,000 after buying an additional 2,894 shares during the period. Hedge funds and other institutional investors own 87.01% of the company’s stock.
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Several analysts recently commented on the stock. KeyCorp restated a “buy” rating and set a $28.00 price target on shares of La-Z-Boy in a report on Monday, October 10th. Zacks Investment Research cut shares of La-Z-Boy from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Longbow Research assumed coverage on shares of La-Z-Boy in a report on Friday, August 5th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. La-Z-Boy presently has a consensus rating of “Hold” and a consensus price target of $30.33.
La-Z-Boy Company Profile
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.
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