Raphaell Richmond Sells Shares of La-Z-Boy
La-Z-Boy's VP, GC & Chief Compliance Officer sells 2,775 shares on June 22.
Key Points
- Raphaell Richmond sold 2,775 shares of La-Z-Boy at an average price of $39.99, totaling $110,972.25 on June 22.
- La-Z-Boy's stock traded near $40.30 on Thursday with a market cap of $1.64 billion and a P/E ratio of 19.83.
- Analysts from Sidoti & Co. and Keybanc have set price targets of $39 and $46 respectively, rating the stock as a 'buy'.
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Raphaell Richmond, Vice President, General Counsel, and Chief Compliance Officer of La-Z-Boy Incorporated, sold 2,775 shares of the company on June 22, 2026. The shares were sold at an average price of $39.99 each, bringing the total transaction value to $110,972.25. This sale was not part of a pre-arranged trading plan.
Insider Buying and Selling at La-Z-Boy Incorporated
In addition to Raphaell Richmond's transaction, several other insiders at La-Z-Boy Incorporated were active on the same date. Katherine Vanderjagt, VP & Chief HR Officer, bought 15,162 shares, while also selling 2,436 shares. Carol Young Lee, VP & Chief Information Officer, sold 1,583 shares, and Michael Adam Leggett, Sr VP & Chief Supply Chain Officer, sold 3,011 shares. Terrence James Linz, President of Wholesale Brands, sold 3,021 shares. Taylor Edward Luebke, SVP and CFO, bought 15,340 shares.
Other Institutional Activity in La-Z-Boy
Several institutional investors adjusted their positions in La-Z-Boy recently. BlackRock, Inc. added 39,348 shares, increasing its holdings to 6,421,949 shares worth about $206.4 million, representing a 0.6% increase. Vanguard Portfolio Management LLC opened a new position with 2,739,563 shares valued at approximately $88.0 million. Dimensional Fund Advisors LP increased its stake by 38,870 shares to a total of 2,694,255 shares, valued at $86.6 million, marking a 1.5% increase. Conversely, Franklin Resources Inc reduced its holdings by 180,323 shares, ending with 1,671,550 shares worth $53.7 million, a 9.7% decrease.
La-Z-Boy Incorporated Stock Up 23.7%
Shares of NYSE:LZB traded near $40.30 on Thursday. La-Z-Boy Incorporated has a market capitalization of approximately $1.64 billion and a P/E ratio of 19.83. The stock has a 52-week low of $29.03 and a 52-week high of $44.90. Its 50-day moving average is $35.81, while the 200-day moving average is $35.46. The company 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.
Analysts Set New Price Targets
Analysts have been revisiting their outlook on La-Z-Boy. On November 19, 2025, Sidoti & Co. upgraded the stock to a 'buy' with a price target of $39. Earlier, on April 25, 2025, Keybanc also upgraded the stock to a 'buy' with a price target of $46. The consensus among analysts is a 'buy' rating, with a mean target price of $44.50 based on two analyst opinions.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, is a leading manufacturer and retailer of upholstery furniture products. The company operates through its Wholesale and Retail segments, offering products like recliners, sofas, chairs, and sectionals. La-Z-Boy serves customers in the United States, Canada, and internationally, with a notable presence in both physical retail stores and online through its Joybird brand. The company employs approximately 10,600 people and is led by CEO Mr. Taylor E. Luebke.
Bottom Line
La-Z-Boy's insider activity, including Raphaell Richmond's recent sale of shares, is part of the regular trading activities disclosed by the company. Investors often track such insider transactions for potential insights into company management's view of the business's prospects. While these trades can be informative, they are just one piece of the broader investment puzzle. As always, it's important to consider the broader market context and other company fundamentals when evaluating stock 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.