Leggett Michael Adam Purchases La-Z-Boy Shares
La-Z-Boy's SVP Michael Leggett acquired 17,615 shares, reflecting insider confidence.
Key Points
- Leggett Michael Adam, Senior VP at La-Z-Boy, bought 17,615 shares on June 22, 2026.
- Shares of NYSE:LZB traded at $41.85 on Thursday, with a market cap of $1.64 billion and a P/E ratio of 19.83.
- BlackRock and Dimensional Fund Advisors also increased their La-Z-Boy holdings, while Franklin Resources decreased its stake.
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Leggett Michael Adam, the Senior Vice President and Chief Supply Chain Officer at La-Z-Boy Incorporated, made a significant stock purchase. On June 22, 2026, he acquired 17,615 shares of the company, reflecting a notable insider move.
Insider Buying and Selling at La-Z-Boy Incorporated
Michael Leggett's purchase of 17,615 shares wasn't the only recent insider activity at La-Z-Boy. On the same day, Melinda Whittington, the President and CEO, bought 126,217 shares, while also selling 27,194 shares at $39.99 each. Katherine VanderJagt, the VP and Chief HR Officer, also bought 15,162 shares.
Other Institutional Activity in La-Z-Boy
Institutional investors have also been active in La-Z-Boy. BlackRock, Inc. increased its holdings by 39,348 shares, bringing its total to 6,421,949 shares worth about $206.4 million. Dimensional Fund Advisors LP added 38,870 shares, resulting in a total of 2,694,255 shares valued at approximately $86.6 million. On the other hand, Franklin Resources Inc. trimmed its position by 180,323 shares, leaving it with 1,671,550 shares valued at $53.7 million.
La-Z-Boy Incorporated Stock Up 28.5%
Shares of NYSE:LZB traded near $41.85 on Thursday. La-Z-Boy has a market cap of $1.64 billion and a P/E ratio of 19.83. The stock's 52-week range is between $29.03 and $44.90, with a 50-day moving average of $35.81 and a 200-day moving average of $35.46. The company's current ratio is 1.66, indicating good short-term liquidity.
$LZB stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
La-Z-Boy reported revenue of approximately $2.13 billion, with a modest growth rate of 3.8%. The company has a net margin of 3.93% and a return on equity of 8.09%. Its next earnings report is expected on August 18, 2026.
Dividend
La-Z-Boy pays an annual dividend of $0.97, yielding 2.76%. Its dividend payout ratio stands at 45.1%.
Analysts Set New Price Targets
Analysts have shown optimism about La-Z-Boy. On April 25, 2025, Keybanc upgraded the stock to a 'buy' rating, setting a price target of $46.00. Sidoti & Co. also upgraded the stock to a 'buy' with a target of $39.00 on November 19, 2025. The consensus recommendation remains a 'buy' with a mean target price of $44.50.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated is a leading manufacturer and retailer of upholstery furniture, based in Monroe, Michigan. Founded in 1927, the company operates in both Wholesale and Retail segments, offering a range of products including recliners, sofas, and casegoods furniture. It also operates the Joybird brand, focusing on e-commerce sales. The company is led by CEO Mr. Taylor E. Luebke and employs approximately 10,600 people.
Bottom Line
Insider buying at La-Z-Boy, particularly by key executives, is often seen as a positive indicator of confidence in the company's future. The stock's performance and institutional interest suggest that it remains under close watch by investors. As always with 13F filings, it is important to remember that they reflect past positions and may not represent current holdings.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.