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Comerica Bank Reduces Stake in La-Z-Boy by 22.7%

26 April, 2023

Comerica Bank has announced a 22.7% reduction in its stake in shares of La-Z-Boy Incorporated (NYSE:LZB). The holding was cut to 26,113 shares from the initial purchase of 33,783. The move was made during the fourth quarter of the company, which ended on December 31st, 2020, and was detailed in its latest filing with the Securities & Exchange Commission (SEC). According to the same document, Comerica Bank owned approximately 0.06% of La-Z-Boy worth $695,000 as of its most recent SEC filing.

La-Z-Boy aims to capitalize on customer insights with new SaaS partner

18 April, 2023

MONROE, Mich. — In an effort to better glean customer insight, Top 100 retailer La-Z-Boy is partnering with Swedish software-as-a-service provider Stravito. The partnership is part of the Monroe, Mich.-based brand’s effort to create a customer insights department as it approaches 100 years in business.

Responsible for the foundational learning behind La-Z-Boy’s consumer growth targets, Megan Battig, senior consumer insights manager, explored how the implementation of the new insights division could unlock brand growth and help achieve the company’s Century Vision goals by 2027.

Maryland State Retirement & Pension System Acquires Stake in La-Z-Boy, Securing Position in Furniture Industry Leader

4 April, 2023

Maryland State Retirement & Pension System has recently acquired a new stake in La-Z-Boy Incorporated, as reported by its most recent filing with the Securities and Exchange Commission. The purchase amounted to 17,940 shares at approximately $409,000. This move solidifies Maryland State Retirement & Pension System’s position in a company that engages in the production of reclining chairs and manufacture and distribution of residential furniture.

La-Z-Boy Furniture Galleries brings on retail veteran, realigns executive team

30 March, 2023

MONROE, Mich. — La-Z-Boy Inc. is realigning its executive team in conjunction with several upcoming retirements. As of April 17, Rebecca Reeder will be president, Retail La-Z-Boy Furniture Galleries.

In this role, Reeder will have executive oversight and P&L responsibility for the company’s retail segment, which includes 168 of the 346 La-Z-Boy Furniture Galleries stores. She will assume responsibility for sales to the remaining independently owned La-Z-Boy Furniture Galleries stores.

Returns On Capital At La-Z-Boy (NYSE:LZB) Have Hit The Brakes

28 March, 2023

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we’d want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it’s a company with a great business model and plenty of profitable reinvestment opportunities. So, when we ran our eye over La-Z-Boy’s (NYSE:LZB) trend of ROCE, we liked what we saw.

Marshall Wace LLP increases its stake in La-Z-Boy Incorporated.

16 March, 2023

Marshall Wace LLP increased its holdings in La-Z-Boy Incorporated (NYSE: LZB) during the third quarter, as stated in the most recent report that the company has submitted to the Securities and Exchange Commission (SEC).

The company spent approximately $5,078,000 to purchase 224,950 shares of stock.

This brings the total number of shares owned by the company to 537,500.

 

La-Z-Boy to Present at Sidoti Investor Conference

14 March, 2023

MONROE, Mich., March 14, 2023 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Chief Financial Officer, will present at the Sidoti Small-Cap Conference, on Thursday, March 23, 2023, at 2:30 p.m. Eastern. The presentation will be webcast live and will be archived for 90 days. It will be available at https://lazboy.gcs-web.com/.

Cubist Systematic Strategies LLC sells La-Z-Boy Incorporated (NYSE:LZB) stock.

8 March, 2023

The most recent 13F filing that Cubist Systematic Strategies LLC submitted with the Securities and Exchange Commission (SEC) revealed that during the third quarter, the company’s investment in La-Z-Boy Incorporated (NYSE: LZB) was reduced by 63.1%.

The business was left in possession of 134,496 shares of the company’s stock after selling 229,847 shares during the period above.

AlphaCrest Capital Management LLC sells shares of La-Z-Boy Incorporated (NYSE:LZB)

5 March, 2023

The most recent disclosure that AlphaCrest Capital Management LLC made to the Securities and Exchange Commission indicated that the company’s holdings in La-Z-Boy Incorporated (NYSE: LZB) were reduced by 46.1% during the third quarter of 2018.

This information was provided in response to a request from the SEC.

As a result of the fund selling 48,728 shares of the company’s stock during the quarter, the total number of shares it currently holds in its portfolio is 56,999.

 

La-Z-Boy expands its board with new member

1 March, 2023

MONROE, Mich. — La-Z-Boy Inc. named Mark S. LaVigne to its board of directors, expanding the board to 10 members. He will serve on the board’s audit committee.

LaVigne is the president and CEO of Energizer Holdings. Also an attorney, he has expertise in corporate law, including mergers, acquisitions and securities. Energizer’s brand portfolio includes Energizer, Ray-O-Vac and Eveready batteries and portable lighting, and auto care brands such as Armor All, STP and Lexol.