BlackRock Amends La-Z-Boy Stake, Passive Investment Update
Ticker: LZB · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 57131
| Field | Detail |
|---|---|
| Company | La-Z-Boy INC (LZB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in La-Z-Boy, filed on Jan 22, 2024.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in their ownership of La-Z-Boy Inc. common stock as of December 31, 2023. This filing, Amendment No. 4, updates their previous disclosures regarding their passive investment in the furniture company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy for La-Z-Boy, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated passive investment in La-Z-Boy, which can influence market perception and potentially the stock price due to the size and reputation of BlackRock.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note that BlackRock's updated filing is a routine passive investment disclosure. While it doesn't signal an aggressive move, it confirms BlackRock's continued interest in La-Z-Boy. Smart investors might monitor future BlackRock filings for any significant changes in their percentage ownership, which could indicate a shift in their investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- La-Z-Boy Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A amendment
- Amendment No. 4 (number) — the specific amendment number to the Schedule 13G
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 4' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as identified under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is LA-Z-BOY INCORPORATED, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LA-Z-BOY INC'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding LA-Z-BOY INC (LZB).