La-Z-Boy Incorporated (LZB) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its position in La-Z-Boy Incorporated (NYSE:LZB) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,827 shares of the company’s stock after selling 2,638 shares during the quarter. Bank of Montreal Can owned about 0.10% of La-Z-Boy worth $1,524,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LZB. Boston Partners grew its holdings in La-Z-Boy by 39.0% during the third quarter. Boston Partners now owns 1,059,506 shares of the company’s stock worth $28,501,000 after acquiring an additional 297,244 shares during the period. American Century Companies Inc. acquired a new stake in La-Z-Boy during the third quarter worth about $5,875,000. Smith Graham & Co. Investment Advisors LP grew its holdings in La-Z-Boy by 46.0% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 352,702 shares of the company’s stock worth $9,488,000 after acquiring an additional 111,183 shares during the period. Wells Fargo & Company MN grew its holdings in La-Z-Boy by 109.6% during the third quarter. Wells Fargo & Company MN now owns 178,280 shares of the company’s stock worth $4,795,000 after acquiring an additional 93,208 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in La-Z-Boy by 44.4% during the second quarter. Goldman Sachs Group Inc. now owns 185,512 shares of the company’s stock worth $6,029,000 after acquiring an additional 57,043 shares during the period. Hedge funds and other institutional investors own 86.42% of the company’s stock.

Shares of La-Z-Boy Incorporated (NYSE:LZB) opened at $29.30 on Thursday. La-Z-Boy Incorporated has a 1-year low of $23.15 and a 1-year high of $34.25. The company has a market capitalization of $1,381.67, a PE ratio of 16.74 and a beta of 0.89.

La-Z-Boy (NYSE:LZB) last issued its quarterly earnings data on Wednesday, November 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. La-Z-Boy had a return on equity of 14.33% and a net margin of 5.53%. The company had revenue of $393.20 million for the quarter, compared to analyst estimates of $390.03 million. During the same period last year, the company earned $0.42 earnings per share. La-Z-Boy’s quarterly revenue was up 4.4% compared to the same quarter last year. research analysts predict that La-Z-Boy Incorporated will post 1.78 EPS for the current fiscal year.

In other La-Z-Boy news, insider John Douglas Collier sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $31.71, for a total value of $126,840.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Otis S. Sawyer sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $31.51, for a total value of $378,120.00. Following the completion of the sale, the senior vice president now directly owns 60,238 shares in the company, valued at $1,898,099.38. The disclosure for this sale can be found here. 3.17% of the stock is currently owned by company insiders.

Several analysts recently commented on the company. ValuEngine raised La-Z-Boy from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised La-Z-Boy from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, January 31st. Stifel Nicolaus reaffirmed a “hold” rating on shares of La-Z-Boy in a report on Friday, December 1st. Finally, KeyCorp reaffirmed a “buy” rating and set a $36.00 target price on shares of La-Z-Boy in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. La-Z-Boy has a consensus rating of “Hold” and a consensus target price of $33.50.

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About La-Z-Boy

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.

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

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