La-Z-Boy CFO Sells Shares Amid Institutional Activity
La-Z-Boy's CFO sold 976 shares for $39,030 on June 22, while funds adjusted their positions.
Key Points
- La-Z-Boy's CFO, Edward Luebke, sold 976 shares valued at $39,030 on June 22.
- Shares of NYSE:LZB traded near $40.30 on Thursday, with a market cap of about $1.64 billion.
- BlackRock added 39,348 shares of La-Z-Boy, while Franklin Resources reduced holdings by 180,323 shares.
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La-Z-Boy's Senior Vice President and CFO, Edward Luebke, sold 976 shares of the company on June 22, 2026. The shares were sold at an average price of $39.99, totaling approximately $39,030. This transaction was not part of a pre-planned trading program.
What Changed in Luebke's La-Z-Boy Position
Edward Luebke, La-Z-Boy's CFO, reduced his holdings by 976 shares, translating into a sale worth about $39,030. The shares were sold at an average price of $39.99 per share, as reported on June 22, 2026.
Other Institutional Activity in La-Z-Boy
BlackRock increased its stake in La-Z-Boy by 39,348 shares, bringing its total to 6,421,949 shares worth approximately $206.4 million. Meanwhile, Vanguard Portfolio Management initiated a new position with 2,739,563 shares valued at around $88.0 million. Dimensional Fund Advisors added 38,870 shares, ending with 2,694,255 shares valued at about $86.6 million. In contrast, Franklin Resources trimmed its holdings by 180,323 shares, leaving it with 1,671,550 shares worth nearly $53.7 million.
La-Z-Boy Incorporated Stock Up 23.7%
Shares of NYSE:LZB traded near $40.30 on Thursday. La-Z-Boy has a market capitalization of approximately $1.64 billion and a P/E ratio of 19.83. Its stock has seen a 52-week low of $29.03 and a high of $44.90. The company's 50-day moving average is $35.81, and its 200-day moving average is $35.46. La-Z-Boy maintains 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 revenue growth rate of 3.8%. The company achieved an EPS of $2.00, a net margin of 3.93%, and a return on equity of 8.09%. La-Z-Boy is expected to announce its next earnings results on August 18, 2026.
Dividend
La-Z-Boy pays an annual dividend of $0.97 per share, yielding 2.76%. The dividend payout ratio is 45.1%.
Insider Buying and Selling at La-Z-Boy Incorporated
On June 22, 2026, several insiders at La-Z-Boy were active in the market. Katherine VanderJagt, VP & Chief HR Officer, bought 15,162 shares, while selling 2,436 shares at $39.99 each. Carol Young Lee, VP & Chief Information Officer, sold 1,583 shares at the same price. Michael Adam Leggett, Sr VP & Chief Supply Chain Officer, and Terrence James Linz, President of Wholesale Brands, both sold shares at $39.99 each, totaling 3,011 and 3,021 shares respectively.
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 "buy" on April 25, 2025, setting a price target of $46. The consensus among analysts is a "buy" rating, with an average price target of $44.50 based on two analyst opinions.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, designs and sells furniture products, including recliners, sofas, and chairs. It operates through wholesale and retail segments, with products available in the U.S., Canada, and internationally. The company also owns Joybird, an online furniture retailer. La-Z-Boy employs about 10,600 people and is led by CEO Taylor E. Luebke.
Bottom Line
La-Z-Boy's recent insider transactions and institutional activity highlight its dynamic market presence. Investors often track such moves for insights into company sentiment. It's important to remember that 13F filings and insider trades reflect past actions and may not indicate current positions.
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