As La (LZB) Share Value Declined, Shareholder Botty Investors LLC Has Trimmed Holding

July 18, 2017 - By Nellie Frank

Investors sentiment decreased to 1.02 in 2016 Q4. Its down 0.02, from 1.04 in 2016Q3. It fall, as 23 investors sold LZB shares while 68 reduced holdings. 31 funds opened positions while 62 raised stakes. 41.39 million shares or 2.51% less from 42.45 million shares in 2016Q3 were reported. Envestnet Asset Mgmt owns 1,093 shares. Bnp Paribas Arbitrage Sa holds 13,154 shares or 0% of its portfolio. Aqr Capital Ltd Liability Corp reported 274,550 shares. New York-based Jpmorgan Chase & has invested 0% in La-Z-Boy Incorporated (NYSE:LZB). Group Incorporated One Trading Limited Partnership holds 303 shares. Comerica Bancorp invested in 52,664 shares. Glenmede Trust Na reported 0% stake. The New York-based Gabelli Funds Ltd Llc has invested 0.04% in La-Z-Boy Incorporated (NYSE:LZB). 390,173 are held by Principal Financial Gp Inc. 27,109 were accumulated by Pinebridge Lp. Moors Cabot holds 0.11% or 22,303 shares. Moreover, Numeric Limited Liability has 0.12% invested in La-Z-Boy Incorporated (NYSE:LZB). Goldman Sachs Group Inc Inc has 0% invested in La-Z-Boy Incorporated (NYSE:LZB) for 238,163 shares. Louisiana State Employees Retirement System reported 0.03% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB). The Maryland-based Price T Rowe Associates Md has invested 0% in La-Z-Boy Incorporated (NYSE:LZB).

Botty Investors Llc decreased its stake in La (LZB) by 28.75% based on its latest 2016Q4 regulatory filing with the SEC. Botty Investors Llc sold 245,794 shares as the company’s stock declined 6.70% while stock markets rallied. The institutional investor held 609,135 shares of the home furnishings company at the end of 2016Q4, valued at $18.91M, down from 854,929 at the end of the previous reported quarter. Botty Investors Llc who had been investing in La for a number of months, seems to be less bullish one the $1.54 billion market cap company. The stock increased 0.39% or $0.12 on July 17, reaching $31.9. About shares traded. La-Z-Boy Incorporated (NYSE:LZB) has risen 10.10% since July 18, 2016 and is uptrending. It has underperformed by 6.60% the S&P500.

More recent La-Z-Boy Incorporated (NYSE:LZB) news were published by: which released: “Earnings Reaction History: La-Z-Boy Incorporated, 57.1% Follow-Through …” on June 20, 2017. Also published the news titled: “Why La-Z-Boy Incorporated Stock Popped Today” on June 21, 2017.‘s news article titled: “Why La-Z-Boy Incorporated Stock Jumped 22.6% in June” with publication date: July 04, 2017 was also an interesting one.

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

Among 7 analysts covering La-Z-Boy (NYSE:LZB), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. La-Z-Boy has $32 highest and $28 lowest target. $30’s average target is -5.96% below currents $31.9 stock price. La-Z-Boy had 8 analyst reports since August 20, 2015 according to SRatingsIntel. Longbow initiated the stock with “Neutral” rating in Friday, August 5 report. KeyBanc Capital Markets maintained it with “Overweight” rating and $28 target in Thursday, October 6 report. BB&T Capital downgraded the shares of LZB in report on Wednesday, January 27 to “Hold” rating. On Thursday, February 23 the stock rating was downgraded by Stifel Nicolaus to “Hold”. Barrington Research maintained it with “Outperform” rating and $32 target in Thursday, August 20 report. On Thursday, January 5 the stock rating was downgraded by Raymond James to “Mkt Perform”. The rating was initiated by Sidoti with “Buy” on Wednesday, March 2. The stock of La-Z-Boy Incorporated (NYSE:LZB) earned “Hold” rating by Zacks on Tuesday, August 18.

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