Raphaell Richmond Sells La-Z-Boy Shares
La-Z-Boy's VP, GC & Chief Compliance Officer, Raphaell Richmond, sold 608 shares on June 26, 2026.
Key Points
- Raphaell Richmond, VP at La-Z-Boy, sold 608 shares valued at $24,897.6 on June 26, 2026.
- La-Z-Boy trades on NYSE under LZB, with a market cap of $1.63 billion and a P/E ratio of 16.58.
- Funds like BlackRock and Vanguard have adjusted their positions in La-Z-Boy recently.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Raphaell Richmond, Vice President, General Counsel & Chief Compliance Officer at La-Z-Boy Incorporated, sold 608 shares of the company on June 26, 2026. The shares were sold at an average price of $40.95, totaling $24,897.6. This transaction was not under a pre-arranged 10b5-1 trading plan.
Insider Buying and Selling at La-Z-Boy Incorporated
In addition to Richmond's transaction, there were other insider activities at La-Z-Boy. On June 29, 2026, Richmond also bought 13,671 shares at a price of $24.41 per share. Terrence James Linz, President of Wholesale Brands, sold 295 shares on June 28, 2026, and 661 shares on June 26, 2026, both at $40.95 per share.
Other Institutional Activity in La-Z-Boy
Several institutional investors have been active in La-Z-Boy recently. BlackRock, Inc. increased its holdings by 39,348 shares, bringing its total to about 6.42 million shares, valued at approximately $206.4 million, a 0.6% increase. Vanguard Portfolio Management LLC opened a new position with 2.74 million shares worth about $88.05 million. Dimensional Fund Advisors LP also grew its stake by 38,870 shares, ending with 2.69 million shares valued at $86.59 million, marking a 1.5% increase. Meanwhile, Franklin Resources Inc. reduced its holdings by 180,323 shares to 1.67 million shares, valued at $53.72 million, a 9.7% decrease.
La-Z-Boy Incorporated Stock Up 26.8%
Shares of NYSE:LZB traded near $39.95 on Wednesday. La-Z-Boy has a market cap of about $1.63 billion and a P/E ratio of 16.58. The stock's 52-week range is between $29.03 and $44.90, with a 50-day moving average of $36.65 and a 200-day moving average of $35.60. The company's current ratio is 1.8, and its quick ratio is 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 revenue decline of 0.1%. The company achieved a net margin of 4.8% and a return on equity of 9.8%. Its earnings per share stood at $2.47. The next earnings report is expected on August 18, 2026.
Dividend
La-Z-Boy pays an annual dividend rate of $0.97, yielding 2.36% with a payout ratio of 37.41%. The ex-dividend date was not provided.
Analysts Set New Price Targets
Analysts have recently updated their ratings for La-Z-Boy. On November 19, 2025, Sidoti & Co. upgraded the stock to a 'buy' with a target price of $39. On April 25, 2025, Keybanc also upgraded it to a 'buy', setting a target price of $46. The consensus among analysts is a 'buy' with an average target price of $46.0 based on 2 opinions.
About La-Z-Boy
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, designs, manufactures, and sells a range of furniture products. The company operates through Wholesale and Retail segments, offering recliners, sofas, and other furniture items. It also runs Joybird, an online and retail furniture brand. La-Z-Boy was founded in 1927 and employs about 10,200 people.
Bottom Line
Raphaell Richmond's recent stock sale is part of ongoing insider activity at La-Z-Boy. Investors keep a close watch on such transactions for potential signals about the company's future. Institutional interest remains strong, with major funds adjusting their positions. Remember, insider transactions are reported after the fact and may not reflect the current positions of the insiders.
Get La-Z-Boy Incorporated alerts
New 13F filings, insider trades, and analyst moves on $LZB, sent to your inbox. Free, and you can unsubscribe anytime.
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.