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La-Z-Boy Incorporated (NASDAQ:LZB) To Report Earnings

La-Z-Boy Incorporated (NASDAQ:LZB) To Report Earnings

During the same quarter in the prior year, the company earned $0.41 earnings per share. Post opening the session at $27.5, the shares hit an intraday low of $27.2 and an intraday high of $27.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red. La-Z-Boy also inked a deal to acquire the license for its brand in the United Kingdom and Ireland, an agreement that was completed in the third quarter of the current fiscal year. "(LZB) Announces Quarterly Earnings Results" was originally published by Community Financial News and is the sole property of of Community Financial News.

Shares of La-Z-Boy Inc. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & worldwide copyright and trademark law. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. This is an increase from La-Z-Boy's previous quarterly dividend of $0.10.

Darrow also noted that the company is making investments to drive long-term growth and profitability, including the purchase of nine La-Z-Boy Furniture galleries stores from an independent dealer. Vaughan Nelson Investment Management L.P. raised its position in La-Z-Boy by 91.0% in the second quarter. BlackRock Investment Management LLC now owns 255,527 shares of the company's stock valued at $7,109,000 after buying an additional 2,894 shares during the last quarter. BlackRock Fund Advisors is the second biggest holder with 3 million shares now valued at 88.66 million whilst Dimensional Fund Advisors, Inc. has 3 million shares valued at 78.64 million. Morgan Stanley raised its position in La-Z-Boy by 160.2% in the third quarter. Teachers Advisors Inc. now owns 424,228 shares of the company's stock worth $11,802,000 after buying an additional 83,029 shares in the last quarter. Morgan Stanley now owns 516,327 shares of the company's stock worth $12,681,000 after buying an additional 317,916 shares in the last quarter. BlackRock Fund Advisors increased its stake in La-Z-Boy by 1.4% in the second quarter. Institutional investors own 87.01% of the company's stock. KeyCorp reiterated a "buy" rating and issued a $28.00 price objective on shares of La-Z-Boy in a research note on Monday, October 10th. Longbow Research began coverage on shares of La-Z-Boy in a report on Friday, August 5th. Zacks Investment Research upgraded shares of La-Z-Boy from a "sell" rating to a "hold" rating in a research note on Tuesday, September 13th. They issued a "neutral" rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock now has a consensus rating of "Hold" and an average target price of $30.33.