Shares of La-Z-Boy Inc. (NYSE:LZB) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.47 and last traded at $30.20, with a volume of 79,892 shares. The stock had previously closed at $30.22.

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

The firm has a market capitalization of $1.47 billion and a PE ratio of 19.45. The firm’s 50 day moving average is $28.11 and its 200 day moving average is $25.52.

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 the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company earned $417.07 million during the quarter. La-Z-Boy’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. Analysts forecast that La-Z-Boy Inc. will post $1.77 earnings per share for the current year.

In other La-Z-Boy news, CFO Louis M. Riccio, Jr. sold 8,000 shares of La-Z-Boy stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $28.17, for a total value of $225,360.00. Following the sale, the chief financial officer now owns 115,651 shares of the company’s stock, valued at approximately $3,257,888.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Douglas Collier sold 15,000 shares of La-Z-Boy stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $26.86, for a total value of $402,900.00. Following the completion of the sale, the senior vice president now directly owns 81,065 shares in the company, valued at approximately $2,177,405.90. The disclosure for this sale can be found here.

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake 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. Morgan Stanley increased 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. GSA Capital Partners LLP increased 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. Buckhead Capital Management LLC increased 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 in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake 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.

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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