Today it was reported that the COB, Pres & CEO of La-Z-Boy Inc (NYSE: LZB), Kurt Darrow, exercised options to sell 45,720 LZB shares at $11.97 a share, for a total transaction value of $1.58M.
Following Kurt Darrow’s last LZB Sell transaction on June 26, 2017, the stock climbed by 1.6%. In addition to Kurt Darrow, one other LZB executive reported Sell trades in the last month.
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Based on La-Z-Boy Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $385 million and quarterly net profit of $18.23 million. In comparison, last year the company earned revenue of $357 million and had a net profit of $11.59 million. LZB’s market cap is $1.55B and the company has a P/E ratio of 18.20. Currently, La-Z-Boy Inc has an average volume of 354.4K.
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La-Z-Boy, Inc. is a manufacturer, marketer, importer, distributor and retailer of upholstery products. It also imports, distribute and retail accessories and casegoods furniture products. The company operates through its segments: Upholstery, Casegoods and Retail.
