Today’s Market Runner: Could La-Z-Boy Incorporated Lose Strenght? The Stock Increases A Lot Today

Today's Market Runner: Could La Z Boy Incorporated Lose Strenght? The Stock Increases A Lot Today

The stock of La-Z-Boy Incorporated (NYSE:LZB) is a huge mover today! About 315,688 shares traded hands. La-Z-Boy Incorporated (NYSE:LZB) has risen 2.69% since April 28, 2016 and is uptrending. It has underperformed by 3.24% the S&P500.
The move comes after 7 months positive chart setup for the $1.34 billion company. It was reported on Dec, 1 by Barchart.com. We have $28.91 PT which if reached, will make NYSE:LZB worth $53.60 million more.

La-Z-Boy Incorporated (NYSE:LZB) Ratings Coverage

Out of 5 analysts covering La-Z-Boy (NYSE:LZB), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. La-Z-Boy has been the topic of 6 analyst reports since August 20, 2015 according to StockzIntelligence Inc. On Friday, August 5 the stock rating was initiated by Longbow with “Neutral”. Sidoti initiated the shares of LZB in a report on Wednesday, March 2 with “Buy” rating. The rating was maintained by Barrington Research with “Outperform” on Thursday, August 20. The firm earned “Hold” rating on Tuesday, August 18 by Zacks. The rating was maintained by KeyBanc Capital Markets on Thursday, October 6 with “Overweight”. BB&T Capital downgraded the shares of LZB in a report on Wednesday, January 27 to “Hold” rating.

According to Zacks Investment Research, “La-Z-Boy is the third largest furniture maker in the U.S., the largest reclining-chair manufacturer in the world and America’s largest manufacturer of upholstered furniture.”

Insitutional Activity: The institutional sentiment is 1.04 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as 11 funds sold all La-Z-Boy Incorporated shares owned while 68 reduced positions. only 25 funds bought stakes while 57 increased positions. They now own 41.96 million shares or 0.99% less from 42.39 million shares in 2016Q1.
Teachers Advsr has 0.02% invested in the company for 424,228 shares. Tudor Investment Et Al, a Connecticut-based fund reported 43,838 shares. First Republic Management reported 14,350 shares or 0% of all its holdings. The Michigan-based Arcadia Invest Mgmt Corporation Mi has invested 0.01% in La-Z-Boy Incorporated (NYSE:LZB). Los Angeles Mgmt & Equity Rech Incorporated last reported 0.01% of its portfolio in the stock. Rhumbline Advisers has 0.01% invested in the company for 74,350 shares. Nationwide Fund Advisors last reported 0% of its portfolio in the stock. Vanguard Group Incorporated has 0.01% invested in the company for 3.95 million shares. Blackrock accumulated 0% or 11,692 shares. Moreover, Cambridge Rech Advsr has 0.02% invested in La-Z-Boy Incorporated (NYSE:LZB) for 27,638 shares. Metropolitan Life Ny holds 0.01% or 36,374 shares in its portfolio. Goldman Sachs Grp Inc Inc has invested 0% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB). Qs Ltd Liability accumulated 16 shares or 0% of the stock. Hsbc Public Ltd Company has 8,596 shares for 0% of their US portfolio. Northern Trust Corp last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since June 30, 2016, the stock had 0 buys, and 5 selling transactions for $5.77 million net activity. Shares for $669,832 were sold by Bacon Mark. The insider Sawyer Otis S sold 5,935 shares worth $162,973. On Thursday, September 22 the insider Collier John Douglas sold $703,223. DARROW KURT L also sold $3.08M worth of La-Z-Boy Incorporated (NYSE:LZB) on Thursday, June 30.

Another recent and important La-Z-Boy Incorporated (NYSE:LZB) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: La-Z-Boy Incorporated, 50.0% Follow-Through …” on November 30, 2016.

LZB Company Profile

La-Z-Boy Incorporated, incorporated on May 1, 1941, makes, markets, imports, exports, distributes and retails upholstery furniture products. The Firm also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s divisions include the Upholstery segment, the Casegoods segment and the Retail segment. The Firm is the producer of reclining chairs and manufacturer/distributor of residential furniture in the United States. The Firm sells its products, primarily in the United States and Canada, as well as internationally, to furniture retailers and directly to clients through stores that it owns and operates. The Firm has a network of approximately 340 La-Z-Boy Furniture Galleries stores and over 560 Comfort Studio locations, of which the Company owns approximately 120 of the La-Z-Boy Furniture Galleries stores. The Company’s other brands include England, Kincaid, American Drew and Hammary.

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