La-Z-Boy (NYSE:LZB - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.
Separately, KeyCorp upgraded La-Z-Boy from a "sector weight" rating to an "overweight" rating and set a $46.00 target price for the company in a research note on Friday, April 25th.
Get Our Latest Stock Analysis on La-Z-Boy
La-Z-Boy Trading Down 1.5%
NYSE LZB opened at $38.21 on Friday. La-Z-Boy has a 1 year low of $33.34 and a 1 year high of $48.31. The company has a fifty day simple moving average of $40.56 and a 200 day simple moving average of $42.37. The company has a market cap of $1.58 billion, a P/E ratio of 13.13 and a beta of 1.31.
Institutional Trading of La-Z-Boy
Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of La-Z-Boy by 273.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,314 shares of the company's stock worth $21,262,000 after purchasing an additional 393,365 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in La-Z-Boy by 68.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 881,692 shares of the company's stock valued at $34,466,000 after buying an additional 359,736 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of La-Z-Boy during the first quarter worth approximately $10,806,000. Nuveen LLC acquired a new position in shares of La-Z-Boy in the 1st quarter worth approximately $10,725,000. Finally, Wellington Management Group LLP boosted its holdings in shares of La-Z-Boy by 321.1% in the 4th quarter. Wellington Management Group LLP now owns 311,578 shares of the company's stock worth $13,575,000 after acquiring an additional 237,578 shares in the last quarter. Institutional investors and hedge funds own 99.62% of the company's stock.
About La-Z-Boy
(
Get Free Report)
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces.
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