La-Z-Boy (LZB) Scheduled to Post Earnings on Monday

La-Z-Boy (NYSE:LZB) is scheduled to be announcing its earnings results after the market closes on Monday, June 17th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

La-Z-Boy Stock Performance

LZB stock opened at $33.72 on Friday. The stock has a market cap of $1.44 billion, a P/E ratio of 12.44 and a beta of 1.25. The firm has a 50 day simple moving average of $34.83 and a 200 day simple moving average of $35.90. La-Z-Boy has a 52 week low of $25.12 and a 52 week high of $39.87.

La-Z-Boy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Tuesday, June 4th. La-Z-Boy’s dividend payout ratio (DPR) is presently 29.52%.

Insider Transactions at La-Z-Boy

In other La-Z-Boy news, SVP Michael Adam Leggett sold 3,077 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $37.08, for a total transaction of $114,095.16. Following the sale, the senior vice president now owns 21,519 shares of the company’s stock, valued at approximately $797,924.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by corporate insiders.

About La-Z-Boy

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.