La-z-boy Inc (LZB): Kurt L Darrow , Chairman, President & CEO of La-z-boy Inc sold 110,729 shares on Jun 30, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $27.78 per share for a total value of $3,077,192.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Mark Bacon (Senior Vice President) sold 24,504 shares at $27.34 per share price.On Jun 28, 2016, John Douglas Collier (Senior Vice President) sold 15,000 shares at $26.86 per share price.Also, On Jun 27, 2016, Louis M Jr Riccio (Senior VP and CFO) sold 8,000 shares at $28.17 per share price.On Sep 15, 2015, Steven M Kincaid (Senior Vice President) sold 15,000 shares at $26.95 per share price.
Shares of La-Z-Boy Incorporated (LZB) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.38 points or -1.37% at $27.44 with 4,75,188 shares getting traded. Post opening the session at $27.94, the shares hit an intraday low of $27.39 and an intraday high of $28.28 and the price vacillated in this range throughout the day. The company has a market cap of $1,342 M and the number of outstanding shares has been calculated to be 4,89,21,157 shares. The 52-week high of La-Z-Boy Incorporated is $29.34 and the 52-week low is $19.56.
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.