La-Z-Boy Inc. (NYSE:LZB)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $29.36 and last traded at $29.32, with a volume of 77,305 shares changing hands. The stock had previously closed at $28.88.

Separately, Zacks Investment Research raised La-Z-Boy from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Friday, June 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.67.

The firm has a market cap of $1.43 billion and a P/E ratio of 18.85. The stock’s 50-day moving average is $27.00 and its 200 day moving average is $25.01.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data on Tuesday, June 21st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.03. The firm earned $417.07 million during the quarter. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Equities research analysts expect that La-Z-Boy Inc. will post $1.75 earnings per share for the current year.

In related news, CEO Kurt L. Darrow sold 110,729 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $27.79, for a total value of $3,077,158.91. Following the sale, the chief executive officer now directly owns 641,757 shares of the company’s stock, valued at $17,834,427.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Bacon sold 24,504 shares of the firm’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $27.34, for a total value of $669,939.36. Following the completion of the sale, the senior vice president now directly owns 91,871 shares in the company, valued at $2,511,753.14. The disclosure for this sale can be found here.

Several hedge funds have bought and sold shares of LZB. State Board of Administration of Florida Retirement System boosted its stake in La-Z-Boy by 10.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 59,468 shares of the company’s stock valued at $1,452,000 after buying an additional 5,645 shares during the last quarter. Sei Investments Co. boosted its stake in La-Z-Boy by 242.6% in the fourth quarter. Sei Investments Co. now owns 158,317 shares of the company’s stock valued at $3,866,000 after buying an additional 112,110 shares during the last quarter. Buckhead Capital Management LLC boosted its stake in La-Z-Boy by 47.2% in the fourth quarter. Buckhead Capital Management LLC now owns 47,093 shares of the company’s stock valued at $1,150,000 after buying an additional 15,111 shares during the last quarter. California State Teachers Retirement System boosted its stake in La-Z-Boy by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 94,824 shares of the company’s stock valued at $2,316,000 after buying an additional 1,436 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in La-Z-Boy by 1.1% in the fourth quarter. Nationwide Fund Advisors now owns 41,595 shares of the company’s stock valued at $1,016,000 after buying an additional 450 shares during the last quarter.

La-Z-Boy Incorporated manufactures, markets, imports, distributes and retails upholstery furniture products. In addition, the Company imports, distributes and retails accessories and case goods (wood) furniture products. The Company operates through segments including the Upholstery segment, the Casegoods segment and the Retail.

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