La-Z-Boy Chief Accounting Officer Sells Shares
Jennifer Lynn McCurry sold 201 shares of La-Z-Boy valued at $8,100 on June 23, 2026.
Key Points
- Jennifer Lynn McCurry, La-Z-Boy's Chief Accounting Officer, sold 201 shares on June 23, 2026, for approximately $8,100.
- La-Z-Boy's stock traded near $41.85 on Friday, with a market cap of about $1.64 billion and a P/E ratio of 19.83.
- Institutional investors like BlackRock and Dimensional Fund Advisors adjusted their La-Z-Boy holdings, while analysts from Sidoti & Co. and Keybanc have set new price targets.
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On June 23, 2026, Jennifer Lynn McCurry, the Chief Accounting Officer of La-Z-Boy Incorporated, sold 201 shares of the company at an average price of $40.30, totaling about $8,100. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at La-Z-Boy Incorporated
Several other insiders also sold shares of La-Z-Boy around the same time. Michael Adam Leggett, Senior Vice President and Chief Supply Chain Officer, sold 9,000 shares on June 24, while on June 23, he sold an additional 526 shares. Raphael Richmond, VP, GC & Chief Compliance Officer, sold 489 shares, and Carol Young Lee, VP & Chief Information Officer, sold 344 shares. Katherine Vanderjagt, VP & Chief HR Officer, and Robert Sundy II, President of Retail, sold 480 and 604 shares respectively on the same day.
Other Institutional Activity in La-Z-Boy
BlackRock, Inc. increased its stake in La-Z-Boy by 39,348 shares, bringing its total holdings to approximately 6.42 million shares valued at about $206.4 million, reflecting a 0.6% increase. Vanguard Portfolio Management LLC opened a new position with 2.74 million shares worth roughly $88.05 million. Dimensional Fund Advisors LP added 38,870 shares, ending with 2.69 million shares valued at approximately $86.59 million, a 1.5% increase. Conversely, Franklin Resources Inc. reduced its holdings by 180,323 shares, leaving it with 1.67 million shares valued at about $53.72 million, marking a 9.7% decrease.
La-Z-Boy Incorporated Stock Up 25.3%
Shares of NYSE:LZB traded near $41.85 on Friday. La-Z-Boy has a market cap of approximately $1.64 billion, a P/E ratio of 19.83, and a forward P/E of 12.05. The stock's 52-week range has been between $29.03 and $44.90. Its 50-day moving average is $35.81, and the 200-day moving average is $35.46. The company has a beta of 1.282, indicating a somewhat higher volatility compared to the market. The current ratio stands at 1.659, 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 with a growth of 3.8% year-over-year. The company's earnings per share (EPS) is $2.00, with a net margin of 3.93% and a return on equity (ROE) of 8.09%. The next earnings report is expected on August 18, 2026.
Dividend
La-Z-Boy pays an annual dividend rate of $0.97, yielding 2.76% with a payout ratio of approximately 45.1%. The ex-dividend date was not specified.
Analysts Set New Price Targets
Sidoti & Co. upgraded La-Z-Boy to a 'buy' rating with a price target of $39.00 on November 19, 2025. Keybanc also upgraded the stock to 'buy', setting a price target of $46.00 on April 25, 2025. The consensus among analysts is a 'buy', with an average target price of $44.50 based on two opinions.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated, based in Monroe, Michigan, designs and sells upholstery furniture products across the United States, Canada, and internationally. Founded in 1927, the company operates through Wholesale and Retail segments, offering a variety of furniture including recliners, sofas, and bedroom sets. The company also operates Joybird, an online furniture retailer. La-Z-Boy employs around 10,600 people and is led by CEO Mr. Taylor E. Luebke.
Bottom Line
Insider transactions at La-Z-Boy, including those by Jennifer Lynn McCurry, are part of regular trading activities and provide insight into executive confidence in the company. Investors often track these moves for potential market signals. It's important to remember that these insider sales are historical data and may not indicate future performance.
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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.