La-z-boy Inc (LZB): John Douglas Collier , Senior Vice President of La-z-boy Inc sold 26,874 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $26.17 per share for a total value of $703,222.69 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 2, 2016, Mark Bacon (Senior Vice President) sold 43,452 shares at $26.67 per share price.On Aug 29, 2016, Otis S Sawyer (Senior Vice President) sold 5,935 shares at $27.46 per share price.Also, On Jul 5, 2016, Kurt L Darrow (Chairman, President & CEO) sold 110,729 shares at $27.78 per share price.On Jun 28, 2016, John Douglas Collier (Senior Vice President) sold 15,000 shares at $26.86 per share price.
La-Z-Boy Incorporated: On Thursday, Sep 22, 2016 heightened volatility was witnessed in La-Z-Boy Incorporated which led to swings in the share price. The shares opened for trading at $26.02 and hit $26.31 on the upside , eventually ending the session at $26.15, with a gain of 1.04% or 0.27 points. The heightened volatility saw the trading volume jump to 2,79,083 shares. The 52-week high of the share price is $31.22 and the company has a market cap of $1,290 M . The 52-week low of the share price is at $19.56.
Company has been under the radar of several Street Analysts.La-Z-Boy Incorporated is Initiated by Longbow to Neutral. The Rating was issued on Aug 5, 2016.
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.