News headlines about La-Z-Boy (NYSE:LZB) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. La-Z-Boy earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the company an impact score of 48.0818697754673 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of equities analysts have issued reports on the stock. Stifel Nicolaus reissued 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 cut La-Z-Boy from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.50.
Shares of La-Z-Boy (LZB) opened at $31.50 on Friday. The firm has a market capitalization of $1,482.64, a P/E ratio of 20.59 and a beta of 0.84. La-Z-Boy has a twelve month low of $23.15 and a twelve month high of $34.25.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, March 6th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.52%. La-Z-Boy’s dividend payout ratio (DPR) is presently 31.37%.
In other news, VP Louis M. Riccio, Jr. sold 65,910 shares of La-Z-Boy stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $31.72, for a total transaction of $2,090,665.20. Following the sale, the vice president now owns 95,342 shares of the company’s stock, valued at $3,024,248.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Otis S. Sawyer sold 12,000 shares of La-Z-Boy stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $31.51, for a total value of $378,120.00. Following the sale, the senior vice president now directly owns 60,238 shares in the company, valued at approximately $1,898,099.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,910 shares of company stock worth $2,595,625. Corporate insiders own 3.17% of the company’s stock.
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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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