Gray Financial Group Ga Adv Adv adds La-Z-Boy Incorporated (LZB) to its portfolio

La-Z-Boy Incorporated (LZB) : Gray Financial Group Ga Adv Adv added new position in La-Z-Boy Incorporated during the most recent quarter end. The investment management firm now holds 5,588 shares of La-Z-Boy Incorporated which is valued at $166,746 , the company said in a statement filed on Jul 19, 2016 with the SEC.La-Z-Boy Incorporated makes up approximately 0.07% of Gray Financial Group Ga Adv Adv’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab boosted its stake in LZB in the latest quarter, The investment management firm added 18,059 additional shares and now holds a total of 23,472 shares of La-Z-Boy Incorporated which is valued at $700,404. Cutler Group Lp added LZB to its portfolio by purchasing 1,655 company shares during the most recent quarter which is valued at $48,343.Bnp Paribas Arbitrage Sa boosted its stake in LZB in the latest quarter, The investment management firm added 8,372 additional shares and now holds a total of 16,800 shares of La-Z-Boy Incorporated which is valued at $478,128. Kistler-tiffany Companies added LZB to its portfolio by purchasing 14 company shares during the most recent quarter which is valued at $398.

La-Z-Boy Incorporated opened for trading at $29.79 and hit $30.07 on the upside on Wednesday, eventually ending the session at $29.84, with a gain of 0.40% or 0.12 points. The heightened volatility saw the trading volume jump to 2,41,510 shares. Company has a market cap of $1,460 M.

On the company’s financial health, La-Z-Boy Incorporated reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jun 21, 2016. Analyst had a consensus of $0.48. The company had revenue of $417.07 million for the quarter, compared to analysts expectations of $416.48 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

La-Z-Boy Incorporated manufactures markets imports distributes and retails upholstery furniture products. In addition the Company imports distributes and retails accessories and case goods (wood) furniture products. The Company operates through segments including the Upholstery segment the Casegoods segment and the Retail. Its Upholstery segment consists of two operating units: La-Z-Boy and its England subsidiary. The Upholstery segment manufactures imports and exports upholstered furniture. The Company’s Casegoods segment is an importer marketer and distributor of casegoods (wood) furniture such as bedroom sets dining room sets entertainment centers and occasional pieces and also manufactures some coordinated upholstered furniture. The Casegoods segment consists of three brands: American Drew Hammary and Kincaid. Its Retail segment consists of 110 company owned La-Z-Boy Furniture Galleries stores. The Retail segment primarily sells upholstered furniture.

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