Todays Report: Today, La-Z-Boy Inc. (LZB) Scheduled to Post Earnings on Wednesday

Today, La-Z-Boy Inc. (LZB) Scheduled to Post Earnings on Wednesday

La-Z-Boy Inc. (NYSE:LZB) is scheduled to release 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. 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. The firm has a market capitalization of $1.35 billion, a PE ratio of 17.56 and a beta of 0.87.

In other news, insider John Douglas Collier sold 26,874 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $26.17, for a total transaction of $703,292.58. Following the completion of the transaction, the insider now directly owns 98,849 shares of the company’s stock, valued at approximately $2,586,878.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.57% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BlackRock Investment Management LLC increased 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 valued at $7,109,000 after buying an additional 2,894 shares during the last quarter. BlackRock Inc. increased its stake in La-Z-Boy by 190.8% in the second quarter. BlackRock Inc. now owns 11,692 shares of the company’s stock valued at $326,000 after buying an additional 7,671 shares during the last quarter. BlackRock Fund Advisors increased its stake in La-Z-Boy by 1.4% in the second quarter. BlackRock Fund Advisors now owns 3,186,907 shares of the company’s stock valued at $88,660,000 after buying an additional 45,239 shares during the last quarter. BlackRock Group LTD increased its stake in La-Z-Boy by 6.4% in the second quarter. BlackRock Group LTD now owns 116,615 shares of the company’s stock valued at $3,243,000 after buying an additional 6,985 shares during the last quarter. Finally, US Bancorp DE increased 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 valued at $1,138,000 after buying an additional 1,247 shares during the last quarter. 87.01% of the stock is owned by institutional investors.

A number of analysts recently issued reports on the company. Zacks Investment Research cut La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Longbow Research initiated coverage on shares of La-Z-Boy in a research note on Friday, August 5th. They set a “neutral” rating for the company. Finally, KeyCorp reaffirmed a “buy” rating and set a $28.00 price target on shares of La-Z-Boy in a research note on Monday, October 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.33.

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