Lee Carol Young Sells Shares of La-Z-Boy
Lee Carol Young, VP & CIO at La-Z-Boy, sold 262 shares on June 24.
Key Points
- Lee Carol Young, VP & CIO at La-Z-Boy, sold 262 shares valued at $10,964.70 on June 24, 2026.
- La-Z-Boy (NYSE:LZB) shares traded near $40.80 on Saturday with a market cap of about $1.63 billion.
- Vanguard Portfolio Management opened a new position in La-Z-Boy, holding 2,739,563 shares worth $88.05 million.
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On June 24, 2026, Lee Carol Young, the Vice President and Chief Information Officer of La-Z-Boy Incorporated, sold 262 shares of the company. The shares were sold at an average price of $41.85, amounting to a total of $10,964.70. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at La-Z-Boy Incorporated
In addition to Lee Carol Young, several other executives at La-Z-Boy made stock transactions on June 24, 2026. Melinda Whittington, the President and CEO, sold 5,096 shares, while Robert Sundy, President of Retail, sold 497 shares. Michael Adam Leggett, Senior VP and Chief Supply Chain Officer, sold 9,000 shares, with each transaction also priced at approximately $41.85 per share.
Other Institutional Activity in La-Z-Boy
Among institutional investors, Vanguard Portfolio Management LLC opened a new position in La-Z-Boy, acquiring 2,739,563 shares valued at about $88.05 million. BlackRock, Inc. increased its holdings by 39,348 shares, bringing its total to 6,421,949 shares worth approximately $206.40 million, marking a 0.6% increase. Meanwhile, Dimensional Fund Advisors LP added 38,870 shares, ending with 2,694,255 shares valued at about $86.59 million, a 1.5% increase.
La-Z-Boy Incorporated Stock Up 25.7%
Shares of La-Z-Boy Incorporated (NYSE:LZB) traded near $40.80 on Saturday. The company has a market capitalization of approximately $1.63 billion. It currently holds a P/E ratio of 16.5 and a forward P/E of 12.4, with a beta of 1.282. The stock's 52-week range has seen a low of $29.03 and a high of $44.90. Its 50-day moving average is $36.51, and the 200-day moving average is $35.57.
$LZB stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Recently, analysts have adjusted their price targets for La-Z-Boy. On November 19, 2025, Sidoti & Co. upgraded the stock to a 'buy' rating with a price target of $39.00. Earlier, on April 25, 2025, Keybanc also upgraded La-Z-Boy to a 'buy' rating, setting a target price of $46.00. The consensus among analysts is a 'buy', with an average target price of $46.00 based on two opinions.
About La-Z-Boy
La-Z-Boy Incorporated is a well-known name in the furniture industry, producing and selling a range of upholstery furniture. The company operates through its Wholesale and Retail segments, offering products like recliners, sofas, chairs, and casegoods. Headquartered in Monroe, Michigan, La-Z-Boy also owns Joybird, an online retailer. The company was founded in 1927 and is led by CEO Taylor E. Luebke.
Bottom Line
Lee Carol Young's recent stock sale is part of broader insider activity at La-Z-Boy. Investors often watch such transactions for potential insights into company sentiment. However, it's important to remember that these trades reflect past actions and may not indicate future performance. As always, 13F filings and insider reports provide a historical snapshot, not a real-time view.
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