The SVP of La-Z-Boy Inc is Exercising Options


Today it was reported that the SVP of La-Z-Boy Inc (NYSE: LZB), Otis Sawyer, exercised options to sell 88,806 LZB shares at $16.99 a share, for a total transaction value of $3.07M.

Following Otis Sawyer’s last LZB Sell transaction on January 02, 2018, the stock climbed by 2.2%. In addition to Otis Sawyer, 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 354.5K.

Otis Sawyer’s trades have generated a -15.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.

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