La-Z-Boy Incorporated (LZB) Shares Sold by Paradigm Capital Management Inc. NY
Paradigm Capital Management Inc. NY lessened its position in La-Z-Boy Incorporated (NYSE:LZB) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 233,900 shares of the company’s stock after selling 11,500 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 0.48% of La-Z-Boy worth $6,292,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its position in shares of La-Z-Boy by 54.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 29,802 shares of the company’s stock valued at $802,000 after acquiring an additional 10,566 shares in the last quarter. Boston Partners lifted its position in shares of La-Z-Boy by 39.0% in the 3rd quarter. Boston Partners now owns 1,059,506 shares of the company’s stock valued at $28,501,000 after acquiring an additional 297,244 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of La-Z-Boy in the 3rd quarter valued at approximately $5,875,000. Bridge City Capital LLC lifted its position in shares of La-Z-Boy by 8.7% in the 3rd quarter. Bridge City Capital LLC now owns 43,433 shares of the company’s stock valued at $1,168,000 after acquiring an additional 3,471 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of La-Z-Boy in the 3rd quarter valued at approximately $254,000. Institutional investors and hedge funds own 87.00% of the company’s stock.
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La-Z-Boy Incorporated (NYSE LZB) traded up $0.15 during mid-day trading on Friday, reaching $26.95. 172,900 shares of the company’s stock were exchanged, compared to its average volume of 423,457. La-Z-Boy Incorporated has a 12 month low of $23.15 and a 12 month high of $34.10. The stock has a market cap of $1,309.15, a P/E ratio of 15.85 and a beta of 0.97.
La-Z-Boy (NYSE:LZB) last released its quarterly earnings results on Tuesday, August 22nd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $357.10 million for the quarter, compared to the consensus estimate of $359.34 million. La-Z-Boy had a net margin of 5.45% and a return on equity of 14.18%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. research analysts predict that La-Z-Boy Incorporated will post 1.73 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the stock. KeyCorp restated a “buy” rating and issued a $36.00 price target on shares of La-Z-Boy in a research report on Friday. Sidoti downgraded shares of La-Z-Boy from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of La-Z-Boy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus cut their target price on shares of La-Z-Boy from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. La-Z-Boy presently has an average rating of “Hold” and a consensus price target of $33.00.
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.
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