State Street Corp grew its holdings in La-Z-Boy Incorporated (NYSE:LZB) by 2.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,249,498 shares of the company’s stock after buying an additional 35,483 shares during the period. State Street Corp owned approximately 2.57% of La-Z-Boy worth $40,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of LZB. Parametric Portfolio Associates LLC grew its stake in shares of La-Z-Boy by 5.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 79,859 shares of the company’s stock worth $2,156,000 after buying an additional 3,789 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of La-Z-Boy by 0.5% during the 1st quarter. Legal & General Group Plc now owns 88,818 shares of the company’s stock worth $2,399,000 after purchasing an additional 398 shares during the period. Vanguard Group Inc. boosted its stake in shares of La-Z-Boy by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 4,473,226 shares of the company’s stock worth $120,778,000 after purchasing an additional 275,811 shares during the period. Geode Capital Management LLC boosted its stake in shares of La-Z-Boy by 10.2% during the 1st quarter. Geode Capital Management LLC now owns 655,962 shares of the company’s stock worth $17,710,000 after purchasing an additional 60,787 shares during the period. Finally, UBS Group AG boosted its stake in shares of La-Z-Boy by 285.3% during the 1st quarter. UBS Group AG now owns 63,247 shares of the company’s stock worth $1,708,000 after purchasing an additional 46,834 shares during the period. 87.00% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on LZB shares. ValuEngine raised shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of La-Z-Boy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Stifel Nicolaus dropped their price target on shares of La-Z-Boy from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, August 24th. Sidoti cut shares of La-Z-Boy from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Tuesday, August 1st. Finally, BidaskClub cut shares of La-Z-Boy from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.50.

Shares of La-Z-Boy Incorporated (NYSE LZB) opened at $26.45 on Tuesday. La-Z-Boy Incorporated has a twelve month low of $22.60 and a twelve month high of $34.10. The firm has a market cap of $1,294.59, a PE ratio of 15.68 and a beta of 0.97.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data 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). La-Z-Boy had a net margin of 5.45% and a return on equity of 14.18%. The company had revenue of $357.10 million for the quarter, compared to the consensus estimate of $359.34 million. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. equities analysts expect that La-Z-Boy Incorporated will post 1.73 earnings per share for the current year.

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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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Institutional Ownership by Quarter for La-Z-Boy (NYSE:LZB)

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