494,569 Shares in La-Z-Boy Incorporated $LZB Purchased by M&T Bank Corp

M&T Bank Corp has acquired 494,569 shares of La-Z-Boy Incorporated (NYSE:LZB) worth approximately $18.43 million, establishing a 1.20% ownership stake. This purchase comes as La-Z-Boy reported strong Q4 earnings, beating analyst estimates with an EPS of $0.61 and revenue of $541.6 million, and declared a quarterly dividend of $0.242 per share. The company maintains a “Moderate Buy” consensus rating from analysts with an average target price of $42.50.

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