Raphaell Richmond Acquires Shares in La-Z-Boy
La-Z-Boy's VP, Raphaell Richmond, purchased 16,099 shares.
Key Points
- Raphaell Richmond, a VP at La-Z-Boy, purchased 16,099 shares on June 22, 2026, with no disclosed transaction value.
- La-Z-Boy's stock traded at $40.3 on Thursday, with a market cap of about $1.64 billion and a P/E ratio of 19.83.
- Insider activity includes multiple trades by CEO Melinda Whittington, with significant holdings changes at major funds like BlackRock and Vanguard.
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Raphaell Richmond, Vice President and Chief Compliance Officer at La-Z-Boy Incorporated, recently acquired 16,099 shares of the company's stock. This insider purchase took place on June 22, 2026, although the transaction's value was not disclosed. Richmond's move is part of broader insider activity at the company.
Insider Buying and Selling at La-Z-Boy Incorporated
The recent activity at La-Z-Boy includes several transactions by insiders. On June 22, 2026, Melinda Whittington, the CEO, bought 126,217 shares. Katherine Vanderjagt, the VP and Chief HR Officer, also acquired 15,162 shares on the same day. These transactions were not part of any pre-arranged trading plan.
Other Institutional Activity in La-Z-Boy
Institutional investors have also been active in La-Z-Boy. BlackRock, Inc. increased its holdings by 39,348 shares, bringing its total to 6,421,949 shares valued at approximately $206.4 million. Vanguard Portfolio Management LLC opened a new position with 2,739,563 shares, valued at around $88.0 million. Dimensional Fund Advisors LP added 38,870 shares, ending with 2,694,255 shares worth about $86.6 million. However, Franklin Resources Inc. reduced its stake by 180,323 shares, now holding 1,671,550 shares valued at about $53.7 million.
La-Z-Boy Incorporated Stock Up 23.7%
Shares of NYSE:LZB traded near $40.3 on Thursday. La-Z-Boy has a market cap of approximately $1.64 billion and a P/E ratio of 19.83. The stock's 52-week range is between $29.03 and $44.9. It has a 50-day moving average of $35.81 and a 200-day moving average of $35.46. The company's current ratio stands at 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 about $2.13 billion, with a revenue growth rate of 3.8%. The net margin was 3.9%, and return on equity was 8.09%. The company earned $2.00 per share. The next earnings report is scheduled for August 18, 2026.
Analysts Set New Price Targets
Recently, 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 a 'buy' with a target price of $46.00 on April 25, 2025. The consensus among analysts is a 'buy', with a mean price target of $44.50.
Dividend
La-Z-Boy offers an annual dividend rate of $0.97, yielding 2.76% with a payout ratio of 45.1%. The company's dividend policy reflects a commitment to returning value to shareholders.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated, based in Monroe, Michigan, is a leading manufacturer and retailer of upholstery furniture. Operating through its Wholesale and Retail segments, the company produces and sells a wide range of furniture, including recliners, sofas, and bedroom sets. La-Z-Boy also operates Joybird, an online furniture retailer. With a history dating back to 1927, La-Z-Boy employs around 10,600 people under the leadership of CEO Mr. Taylor E. Luebke.
Bottom Line
Insider transactions like Richmond's purchase of La-Z-Boy shares provide insights into the company's internal sentiment. Investors often track these activities as they might indicate confidence in the company's future. However, it's important to remember that these filings reflect past actions and may not represent 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.