La-Z-Boy Inc. (NYSE:LZB)’s share price reached a new 52-week high on Monday . The stock traded as high as $30.22 and last traded at $30.10, with a volume of 116,102 shares trading hands. The stock had previously closed at $29.81.

Separately, Zacks Investment Research cut La-Z-Boy from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th.

The company has a market cap of $1.47 billion and a P/E ratio of 19.37. The company has a 50-day moving average price of $27.63 and a 200 day moving average price of $25.26.

La-Z-Boy (NYSE:LZB) last issued its quarterly earnings data on Tuesday, June 21st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $417.07 million for the quarter. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 earnings per share. Equities analysts anticipate that La-Z-Boy Inc. will post $1.76 earnings per share for the current year.

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

A number of institutional investors have modified their holdings of LZB. Buckhead Capital Management LLC increased its position in shares of La-Z-Boy by 47.2% in the fourth quarter. Buckhead Capital Management LLC now owns 47,093 shares of the company’s stock worth $1,150,000 after buying an additional 15,111 shares during the period. Bank of Montreal Can raised its position in La-Z-Boy by 4,048.6% in the fourth quarter. Bank of Montreal Can now owns 504,762 shares of the company’s stock valued at $12,326,000 after buying an additional 492,595 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in La-Z-Boy by 14.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 50,940 shares of the company’s stock valued at $1,243,000 after buying an additional 6,462 shares in the last quarter. Morgan Stanley raised its position in La-Z-Boy by 36.2% in the fourth quarter. Morgan Stanley now owns 466,440 shares of the company’s stock valued at $11,390,000 after buying an additional 123,905 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in La-Z-Boy by 78.7% in the fourth quarter. GSA Capital Partners LLP now owns 58,108 shares of the company’s stock valued at $1,419,000 after buying an additional 25,600 shares in 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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