La-Z-Boy President Sells Shares
Terrence Linz, President of Wholesale Brands at La-Z-Boy, sold shares worth over $20,000.
Key Points
- Terrence Linz, President of Wholesale Brands at La-Z-Boy, sold 482 shares at $41.85 each on June 24, totaling $20,171.70.
- La-Z-Boy's stock traded near $40.95 on Saturday with a market cap of about $1.63 billion and a P/E ratio of 16.58.
- Institutional investors like BlackRock and Dimensional Fund Advisors have been adjusting their positions in La-Z-Boy, with BlackRock increasing its holdings by 39,348 shares.
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Terrence Linz, President of Wholesale Brands at La-Z-Boy Incorporated, sold 482 shares of the company on June 24. The shares were sold at an average price of $41.85, amounting to a total transaction value of $20,171.70. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at La-Z-Boy Incorporated
In addition to Terrence Linz, several other insiders at La-Z-Boy have recently sold shares. On June 24, Taylor Edward Luebke, Senior Vice President and CFO, sold 159 shares, while Carol Young Lee, VP & Chief Information Officer, sold 262 shares. Raphaell Richmond, VP, GC & Chief Compliance Officer, also sold 474 shares on the same day. Jennifer Lynn McCurry, Chief Accounting Officer, sold 193 shares on June 24 and another 3,715 shares on June 25.
Other Institutional Activity in La-Z-Boy
Institutional investors have been active in La-Z-Boy recently. BlackRock, Inc. increased its holdings by 39,348 shares, bringing its total to about 6.42 million shares valued at approximately $206.4 million. Dimensional Fund Advisors LP also added 38,870 shares, ending with 2.69 million shares worth roughly $86.6 million. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC opened new positions with 2.74 million and 1.83 million shares, respectively. Franklin Resources Inc, however, reduced its stake by 180,323 shares to 1.67 million shares, valued at about $53.7 million.
La-Z-Boy Incorporated Stock Up 25.7%
Shares of NYSE:LZB traded near $40.95 on Saturday. La-Z-Boy has a market cap of approximately $1.63 billion and a P/E ratio of 16.58. The stock has a 52-week range between $29.03 and $44.90. Its 50-day moving average is $36.65, and the 200-day moving average is $35.60. The company maintains a current ratio of 1.8 and a quick ratio of 1.104, with a debt-to-equity ratio of 53.101.
$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 slight decline in revenue growth. The company achieved a net margin of 4.8% and a return on equity of 9.8%. Earnings per share stood at $2.47. The next earnings report is expected on August 18, 2026.
Dividend
La-Z-Boy pays an annual dividend of $0.97 per share, yielding 2.36%. The dividend payout ratio is 37.41%.
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. Earlier, on April 25, 2025, Keybanc also upgraded the stock to a 'buy' with a $46 target. The consensus recommendation is 'buy', with a mean target price of $46 based on two analyst opinions.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, is a leading manufacturer and retailer of upholstery furniture products. The company operates through Wholesale and Retail segments, offering a range of products including recliners, sofas, and casegoods furniture. La-Z-Boy also owns Joybird, a direct-to-consumer brand. The company, led by CEO Taylor E. Luebke, employs around 10,200 people.
Bottom Line
Terrence Linz's recent sale of La-Z-Boy shares is part of ongoing insider transactions. Investors often monitor such activities for potential insights into company performance. It's important to note that these transactions are historical and may not reflect current insider sentiment. La-Z-Boy remains a focal point for institutional investors and analysts, with activity suggesting continued interest in the stock.
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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.