3,236 Shares in La-Z-Boy Incorporated (NYSE:LZB) Purchased by Carroll Financial Associates Inc.

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Carroll Financial Associates Inc. bought a new position in shares of La-Z-Boy Incorporated (NYSE:LZB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,236 shares of the company’s stock, valued at approximately $108,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arizona State Retirement System lifted its stake in La-Z-Boy by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 72,378 shares of the company’s stock worth $2,219,000 after acquiring an additional 400 shares in the last quarter. Royal Bank of Canada lifted its stake in La-Z-Boy by 5.2% during the 2nd quarter. Royal Bank of Canada now owns 9,120 shares of the company’s stock worth $279,000 after acquiring an additional 449 shares in the last quarter. Strs Ohio lifted its stake in La-Z-Boy by 2.1% during the 2nd quarter. Strs Ohio now owns 29,100 shares of the company’s stock worth $892,000 after acquiring an additional 600 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in La-Z-Boy by 1.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 67,799 shares of the company’s stock worth $2,236,000 after acquiring an additional 1,124 shares in the last quarter. Finally, NumerixS Investment Technologies Inc lifted its stake in La-Z-Boy by 46.4% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,100 shares of the company’s stock worth $126,000 after acquiring an additional 1,300 shares in the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

In other La-Z-Boy news, SVP Darrell Dewain Edwards sold 14,820 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $33.43, for a total value of $495,432.60. Following the sale, the senior vice president now owns 59,470 shares of the company’s stock, valued at approximately $1,988,082.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.02% of the stock is owned by company insiders.

A number of research firms have issued reports on LZB. ValuEngine lowered La-Z-Boy from a “hold” rating to a “sell” rating in a research report on Thursday. Raymond James raised La-Z-Boy from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Friday, August 23rd. TheStreet lowered La-Z-Boy from a “b+” rating to a “c” rating in a research report on Wednesday, June 26th. Finally, Zacks Investment Research raised La-Z-Boy from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Saturday, August 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.33.

LZB stock opened at $33.32 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.13. The firm has a market capitalization of $1.55 billion, a P/E ratio of 15.57 and a beta of 0.77. The business’s 50-day moving average is $32.35 and its two-hundred day moving average is $32.33. La-Z-Boy Incorporated has a 1 year low of $25.30 and a 1 year high of $36.63.

La-Z-Boy (NYSE:LZB) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $413.60 million for the quarter, compared to analyst estimates of $415.95 million. La-Z-Boy had a return on equity of 15.24% and a net margin of 3.85%. La-Z-Boy’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. On average, analysts expect that La-Z-Boy Incorporated will post 2.34 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 6th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, September 5th. La-Z-Boy’s dividend payout ratio is currently 24.30%.

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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