Institutional Investors Sentiment Indicator of La-z-boy Inc (NYSE:LZB) Increases in 2017 Q4

May 17, 2018 - By Jeanette Kaplan

La-Z-Boy Incorporated (NYSE:LZB) Logo

Sentiment for La-z-boy Inc (NYSE:LZB)

La-z-boy Inc (NYSE:LZB) institutional sentiment increased to 1.08 in 2017 Q4. Its up 0.23, from 0.85 in 2017Q3. The ratio increased, as 86 investment professionals increased and opened new stock positions, while 80 cut down and sold their holdings in La-z-boy Inc. The investment professionals in our partner’s database now hold: 39.83 million shares, down from 40.13 million shares in 2017Q3. Also, the number of investment professionals holding La-z-boy Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 18 Reduced: 62 Increased: 50 New Position: 36.

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. The company has market cap of $1.44 billion. It operates through Upholstery, Casegoods, and Retail divisions. It has a 19.98 P/E ratio. The Upholstery segment makes and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas.

The stock increased 1.16% or $0.35 during the last trading session, reaching $30.65. About 75,605 shares traded. La-Z-Boy Incorporated (NYSE:LZB) has risen 8.12% since May 17, 2017 and is uptrending. It has underperformed by 3.43% the S&P500.

Analysts await La-Z-Boy Incorporated (NYSE:LZB) to report earnings on June, 19. They expect $0.64 EPS, up 12.28 % or $0.07 from last year’s $0.57 per share. LZB’s profit will be $30.13M for 11.97 P/E if the $0.64 EPS becomes a reality. After $0.45 actual EPS reported by La-Z-Boy Incorporated for the previous quarter, Wall Street now forecasts 42.22 % EPS growth.

Botty Investors Llc holds 5.28% of its portfolio in La-Z-Boy Incorporated for 542,726 shares. Monroe Bank & Trust Mi owns 91,820 shares or 1% of their US portfolio. Moreover, Smith Graham & Co. Investment Advisors Lp has 0.97% invested in the company for 331,562 shares. The Michigan-based Regal Investment Advisors Llc has invested 0.81% in the stock. Silvercrest Asset Management Group Llc, a New York-based fund reported 2.48 million shares.

Since January 1, 0001, it had 0 buys, and 1 sale for $2.09 million activity.

La-Z-Boy Incorporated (NYSE:LZB) Ratings Coverage

Ratings analysis reveals 0 of La-Z-Boy Inc’s analysts are positive. Out of 2 Wall Street analysts rating La-Z-Boy Inc, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. LZB was included in 2 notes of analysts from November 30, 2017. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, November 30.

Another recent and important La-Z-Boy Incorporated (NYSE:LZB) news was published by Globenewswire.com which published an article titled: “La-Z-Boy Declares Quarterly Dividend” on May 01, 2018.

La-Z-Boy Incorporated (NYSE:LZB) Institutional Positions Chart

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