Lee Carol Young Acquires Shares in La-Z-Boy Incorporated
La-Z-Boy's VP & CIO, Lee Carol Young, purchased 12,103 shares on June 22.
Key Points
- Lee Carol Young, La-Z-Boy's VP & CIO, bought 12,103 shares on June 22, 2026.
- La-Z-Boy (NYSE:LZB) traded at $40.3 on Thursday with a market cap of $1.64 billion.
- Analysts from Sidoti & Co. and Keybanc recently upgraded La-Z-Boy to a 'buy' rating.
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Lee Carol Young, Vice President and Chief Information Officer at La-Z-Boy Incorporated, purchased 12,103 shares of the company on June 22, 2026. This insider transaction did not indicate a planned purchase. The shares were acquired at an unspecified price, but La-Z-Boy shares traded at $40.3 on Thursday.
Other Institutional Activity in La-Z-Boy
BlackRock, Inc. grew its holdings by 39,348 shares, ending with 6,421,949 shares valued at about $206.4 million. Vanguard Portfolio Management LLC initiated a new position with 2,739,563 shares worth approximately $88 million. Dimensional Fund Advisors LP increased its stake by 38,870 shares to a total of 2,694,255 shares, valued at $86.6 million. Meanwhile, Franklin Resources Inc. reduced its holdings by 180,323 shares, leaving it with 1,671,550 shares worth $53.7 million.
La-Z-Boy Incorporated Stock Up 23.7%
Shares of NYSE:LZB traded near $40.3 on Thursday. La-Z-Boy has a market cap of approximately $1.64 billion and a P/E ratio of 19.83. The company's stock has a 52-week low of $29.03 and a high of $44.9. Its 50-day moving average is $35.81, while the 200-day moving average is $35.46. The company has a current ratio of 1.66 and a quick ratio of 0.99, with a debt-to-equity ratio of 53.88.
$LZB stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
La-Z-Boy reported revenue of $2.13 billion with a growth rate of 3.8%. The company achieved a net margin of 3.93% and a return on equity of 8.09%. Earnings per share stood at $2.00. The next earnings report is expected on August 18, 2026.
Dividend
La-Z-Boy offers an annual dividend rate of $0.97, yielding 2.76% with a payout ratio of 45.1%. The company's ex-dividend date was not specified.
Insider Buying and Selling at La-Z-Boy Incorporated
On June 22, 2026, La-Z-Boy saw several insider transactions. Katherine Vanderjagt, VP & Chief HR Officer, bought 15,162 shares. She also sold 2,436 shares at $39.99 each. Taylor Edward Luebke, SVP and CFO, acquired 15,340 shares. Michael Adam Leggett, Sr VP & Chief Supply Chain Officer, sold 3,011 shares at $39.99 each. Terrence James Linz, President of Wholesale Brands, sold 3,021 shares at the same price.
Analysts Set New Price Targets
On November 19, 2025, Sidoti & Co. upgraded La-Z-Boy to a 'buy' rating with a price target of $39. Keybanc also upgraded the stock to a 'buy' on April 25, 2025, setting a price target of $46. The consensus recommendation is a 'buy' with an average target price of $44.5 from two analysts.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, is a leading manufacturer and retailer of upholstered furniture products. The company operates through its Wholesale and Retail segments, offering products like recliners, sofas, and bedroom furniture. La-Z-Boy also manages the Joybird brand, focusing on e-commerce sales. With approximately 10,600 employees, the company continues to serve customers globally under the leadership of CEO Mr. Taylor E. Luebke.
Bottom Line
The insider purchase by Lee Carol Young reflects confidence in La-Z-Boy's prospects. Investors often track insider activity for potential insights into company performance. As a reminder, insider transactions are reported after they occur and may not indicate future trends.
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