La-Z-Boy Incorporated (LZB) Shares Bought by Boston Partners
Boston Partners grew its position in La-Z-Boy Incorporated (NYSE:LZB) by 39.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,059,506 shares of the company’s stock after acquiring an additional 297,244 shares during the quarter. Boston Partners owned about 2.20% of La-Z-Boy worth $28,501,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of La-Z-Boy by 17.7% in the second quarter. State of Alaska Department of Revenue now owns 32,349 shares of the company’s stock valued at $1,051,000 after acquiring an additional 4,859 shares during the period. Menta Capital LLC boosted its holdings in shares of La-Z-Boy by 96.6% in the second quarter. Menta Capital LLC now owns 32,249 shares of the company’s stock valued at $1,048,000 after acquiring an additional 15,849 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of La-Z-Boy in the second quarter valued at approximately $2,015,000. Northern Trust Corp boosted its holdings in shares of La-Z-Boy by 1.7% in the second quarter. Northern Trust Corp now owns 1,255,701 shares of the company’s stock valued at $40,810,000 after acquiring an additional 20,775 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of La-Z-Boy by 44.4% in the second quarter. Goldman Sachs Group Inc. now owns 185,512 shares of the company’s stock valued at $6,029,000 after acquiring an additional 57,043 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.
Shares of La-Z-Boy Incorporated (NYSE LZB) opened at $26.95 on Monday. La-Z-Boy Incorporated has a fifty-two week low of $23.15 and a fifty-two week high of $34.10. The firm has a market capitalization of $1,309.16, a price-to-earnings ratio of 15.85 and a beta of 0.97.
La-Z-Boy (NYSE:LZB) last issued its quarterly earnings results on Tuesday, August 22nd. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). La-Z-Boy had a return on equity of 14.18% and a net margin of 5.45%. The company had revenue of $357.10 million for the quarter, compared to analyst estimates of $359.34 million. During the same period in the prior year, the business earned $0.28 earnings per share. La-Z-Boy’s revenue for the quarter was up 4.8% compared to the same quarter last year. research analysts predict that La-Z-Boy Incorporated will post 1.73 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on LZB shares. Stifel Nicolaus decreased their price objective on La-Z-Boy from $30.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, August 24th. BidaskClub downgraded La-Z-Boy from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research raised La-Z-Boy from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 25th. Sidoti downgraded La-Z-Boy from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Tuesday, August 1st. Finally, KeyCorp reissued a “buy” rating and issued a $36.00 price objective on shares of La-Z-Boy in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. La-Z-Boy has an average rating of “Hold” and a consensus target price of $33.00.
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La-Z-Boy Company Profile
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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