La-Z-Boy Inc. (NYSE:LZB) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.95 and last traded at $29.76, with a volume of 192,856 shares trading hands. The stock had previously closed at $29.55.

Separately, Zacks Investment Research raised shares of La-Z-Boy from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, March 23rd.

The firm has a 50-day moving average of $27.29 and a 200-day moving average of $25.12. The stock has a market cap of $1.45 billion and a price-to-earnings ratio of 19.15.

La-Z-Boy (NYSE:LZB) last posted its quarterly earnings data on Tuesday, June 21st. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company had revenue of $417.07 million for the quarter. During the same quarter in the previous year, the business earned $0.38 earnings per share. La-Z-Boy’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts forecast that La-Z-Boy Inc. will post $1.76 earnings per share for the current fiscal year.

In related news, CEO Kurt L. Darrow sold 110,729 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $27.79, for a total transaction of $3,077,158.91. Following the completion of the sale, the chief executive officer now owns 641,757 shares of the company’s stock, valued at $17,834,427.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Louis M. Riccio, Jr. sold 8,000 shares of the company’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $28.17, for a total transaction of $225,360.00. Following the sale, the chief financial officer now directly owns 115,651 shares of the company’s stock, valued at approximately $3,257,888.67. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of the company. State Board of Administration of Florida Retirement System increased its position in shares of 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. Nationwide Fund Advisors increased its position in shares of 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. California State Teachers Retirement System increased its position in shares of 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. Sei Investments Co. increased its position in shares of 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. Finally, LSV Asset Management acquired a new position in shares of La-Z-Boy during the fourth quarter valued at approximately $1,064,000.

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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