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

Separately, Zacks Investment Research upgraded La-Z-Boy from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, June 24th.

The firm has a market capitalization of $1.47 billion and a P/E ratio of 19.40. The stock’s 50 day moving average price is $27.83 and its 200-day moving average price is $25.39.

La-Z-Boy (NYSE:LZB) last released its earnings results on Tuesday, June 21st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.03. During the same quarter last year, the firm posted $0.38 earnings per share. The business had revenue of $417.07 million for the quarter. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts expect that La-Z-Boy Inc. will post $1.76 EPS for the current fiscal year.

In other news, SVP Mark Bacon sold 24,504 shares of the business’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $27.34, for a total value of $669,939.36. Following the completion of the transaction, the senior vice president now owns 91,871 shares of the company’s stock, valued at approximately $2,511,753.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Louis M. Riccio, Jr. sold 8,000 shares of the business’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $28.17, for a total transaction of $225,360.00. Following the completion of the transaction, 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.

Several institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of 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 during the period. Morgan Stanley boosted its stake 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. 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 in the last quarter. 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 in the last quarter. Finally, GSA Capital Partners LLP boosted its stake 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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