News headlines about La-Z-Boy (NYSE:LZB) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. La-Z-Boy earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 48.0818697754673 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of brokerages recently weighed in on LZB. Stifel Nicolaus reaffirmed a “hold” rating on shares of La-Z-Boy in a report on Friday, December 1st. ValuEngine raised La-Z-Boy from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Finally, Zacks Investment Research lowered La-Z-Boy from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $33.50.
Shares of LZB stock traded up $0.35 during mid-day trading on Friday, reaching $30.95. The company had a trading volume of 717,545 shares, compared to its average volume of 436,853. La-Z-Boy has a 52-week low of $23.15 and a 52-week high of $34.25. The firm has a market capitalization of $1,456.75, a price-to-earnings ratio of 20.23 and a beta of 0.84.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, March 6th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Monday, March 5th. La-Z-Boy’s dividend payout ratio (DPR) is 31.37%.
In other La-Z-Boy news, insider John Douglas Collier sold 4,000 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $31.71, for a total value of $126,840.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Louis M. Riccio, Jr. sold 65,910 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $31.72, for a total value of $2,090,665.20. Following the completion of the sale, the vice president now directly owns 95,342 shares in the company, valued at approximately $3,024,248.24. The disclosure for this sale can be found here. Insiders sold 81,910 shares of company stock worth $2,595,625 in the last three months. 3.17% of the stock is owned by corporate insiders.
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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