La-Z-Boy Insider Jennifer Lynn Sells Shares
La-Z-Boy's Chief Accounting Officer sold shares worth $48,587.85.
Key Points
- Jennifer Lynn, Chief Accounting Officer at La-Z-Boy, sold 1,215 shares valued at $48,587.85 on June 22, 2026.
- La-Z-Boy stock traded near $40.30 on Thursday, with a market cap of approximately $1.64 billion and a P/E ratio of 19.83.
- BlackRock added 39,348 shares of La-Z-Boy, while Franklin Resources reduced its holdings by 180,323 shares.
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La-Z-Boy Incorporated's Chief Accounting Officer, Jennifer Lynn, sold 1,215 shares of the company on June 22, 2026. The shares were sold at an average price of $39.99, totaling $48,587.85. This transaction was not part of a pre-planned trading program.
What Changed in Jennifer Lynn's La-Z-Boy Position
Jennifer Lynn's recent sale of 1,215 shares of La-Z-Boy did not significantly alter her overall position in the company. The transaction, executed at $39.99 per share, was part of regular insider trading activity.
Other Institutional Activity in La-Z-Boy
BlackRock, Inc. grew its holdings in La-Z-Boy by 39,348 shares, bringing its total to 6,421,949 shares worth about $206.4 million. Vanguard Portfolio Management LLC opened a new position with 2,739,563 shares, valued at approximately $88.05 million. Dimensional Fund Advisors LP increased its stake by 38,870 shares to hold 2,694,255 shares, valued at $86.59 million. Franklin Resources Inc reduced its holdings by 180,323 shares, ending with 1,671,550 shares valued at $53.72 million. American Century Companies Inc added 142,945 shares, bringing its total to 1,629,918 shares worth about $52.39 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 cap of approximately $1.64 billion, with a P/E ratio of 19.83 and a forward P/E of 12.05. The stock's 52-week range is between $29.03 and $44.90. It has 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, with a quick ratio of 0.99 and 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, reflecting a growth of 3.8%. The net margin stood at 3.93%, with a return on equity of 8.09%. The company's earnings per share were $2.00. La-Z-Boy is expected to release its next earnings report on August 18, 2026.
Dividend
La-Z-Boy pays an annual dividend rate of $0.97, 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 executed trades. Katherine Vanderjagt, VP & Chief HR Officer, bought 15,162 shares. Carol Young Lee, VP & Chief Information Officer, sold 1,583 shares at $39.99 each. Taylor Edward Luebke, SVP and CFO, acquired 15,340 shares. Michael Adam Leggett, Sr VP & Chief Supply Chain Officer, sold 3,011 shares at $39.99 each. Terrence James Linz, President of Wholesale Brands, sold 3,021 shares at the same price.
Analysts Set New Price Targets
On November 19, 2025, Sidoti & Co. upgraded La-Z-Boy to a 'buy' rating with a $39.00 price target. Earlier, Keybanc also upgraded the stock to 'buy' with a $46.00 target on April 25, 2025. The consensus recommendation is 'buy', with a mean target price of $44.50 from two analysts.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated, based in Monroe, Michigan, designs, manufactures, and sells furniture. It operates through Wholesale and Retail segments, offering products like recliners, sofas, and more. The company also runs Joybird, an online retailer. La-Z-Boy employs around 10,600 people and is led by CEO Taylor E. Luebke.
Bottom Line
Jennifer Lynn's recent sale of shares is part of regular insider trading activity at La-Z-Boy. Investors often track these insider transactions for insights into company sentiment. It's important to remember that such filings reflect past actions and may not indicate current positions.
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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.