La-Z-Boy SVP & CFO Sells Shares Amid Insider Activity
La-Z-Boy's SVP & CFO sold 159 shares on June 24, 2026, amid other insider transactions.
Key Points
- La-Z-Boy SVP & CFO Taylor Edward Luebke sold 159 shares for $6,654.15 on June 24, 2026.
- Shares of NYSE:LZB traded near $40.95 on Saturday, with a market cap of $1.63 billion and a P/E ratio of 16.58.
- Analysts upgraded the stock to a 'buy' with a consensus target price of $46.00.
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La-Z-Boy Incorporated's Senior Vice President and Chief Financial Officer, Taylor Edward Luebke, sold 159 shares of the company on June 24, 2026. The shares were sold at an average price of $41.85, bringing the total transaction value to $6,654.15. This transaction was not part of a planned sale.
Insider Buying and Selling at La-Z-Boy Incorporated
The recent sale by Luebke is part of a series of insider transactions at La-Z-Boy. On June 24, 2026, several other executives also sold shares: Jennifer Lynn McCurry, Chief Accounting Officer, sold 193 shares; Terrence James Linz, President of Wholesale Brands, sold 482 shares; Carol Young Lee, VP & Chief Information Officer, sold 262 shares; and Raphaell Richmond, VP, GC & Chief Compliance Officer, sold 474 shares. None of these transactions were planned sales.
Other Institutional Activity in La-Z-Boy
Institutional investors have been active in La-Z-Boy as well. BlackRock, Inc. increased its holdings by 39,348 shares, ending with 6,421,949 shares worth about $206.4 million, reflecting a 0.6% increase. Vanguard Portfolio Management LLC opened a new position with 2,739,563 shares valued at approximately $88.0 million. Similarly, Vanguard Capital Management LLC also opened a new position with 1,832,607 shares worth about $58.9 million. Dimensional Fund Advisors LP added 38,870 shares, now holding 2,694,255 shares valued at $86.6 million, marking a 1.5% increase. On the other hand, Franklin Resources Inc. reduced its stake by 180,323 shares, now holding 1,671,550 shares worth $53.7 million, a 9.7% decrease.
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 $1.63 billion and a P/E ratio of 16.58. The stock has a 52-week low of $29.03 and a 52-week high of $44.90. Its 50-day moving average is $36.65, and the 200-day moving average is $35.60. The company shows 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 approximately $2.13 billion, with a slight decline in revenue growth. The company's net margin stands at 4.8%, and it has a return on equity of 9.8%. Investors can look forward to the next earnings report scheduled for August 18, 2026.
Dividend
La-Z-Boy offers an annual dividend rate of $0.97, yielding 2.36%. The dividend payout ratio is 37.41%.
Analysts Set New Price Targets
Analysts have shown a positive outlook on La-Z-Boy. On November 19, 2025, Sidoti & Co. upgraded the stock to a 'buy' with a target price of $39.00. Similarly, Keybanc upgraded it to a 'buy' with a target price of $46.00 on April 25, 2025. The consensus recommendation is a 'buy' with a mean target price of $46.00, based on two analyst opinions.
About La-Z-Boy
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, designs and sells furniture including recliners, sofas, and chairs. The company operates through two main segments: Wholesale and Retail. It manufactures and imports upholstered furniture and casegoods, selling them through La-Z-Boy stores and other retailers. La-Z-Boy also owns Joybird, an online and retail furniture brand. Founded in 1927, La-Z-Boy is a well-known name in the furniture industry.
Bottom Line
Insider transactions, such as the recent sale by La-Z-Boy's SVP & CFO, are closely watched by investors for potential insights into company sentiment. It's important to note that such filings are backward-looking, reflecting past actions. La-Z-Boy remains a significant player in the furniture industry, with a robust market presence and favorable analyst ratings.
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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.