Sundy Robert II Purchases Shares of La-Z-Boy
La-Z-Boy's President of Retail, Sundy Robert II, acquired 18,972 shares.
Key Points
- Sundy Robert II, President of Retail at La-Z-Boy, bought 18,972 shares on June 22, 2026.
- La-Z-Boy stock traded near $40.30 on Thursday, with a market cap of $1.64 billion and a P/E ratio of 19.83.
- Major institutional investors like BlackRock and Vanguard have been adjusting their positions in La-Z-Boy.
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Sundy Robert II, President of Retail at La-Z-Boy Incorporated, made a notable move by purchasing 18,972 shares of the company. This transaction took place on June 22, 2026, and reflects his confidence in the company's prospects. The shares were acquired without a set average price or total value disclosed.
Insider Buying and Selling at La-Z-Boy Incorporated
In addition to Sundy Robert II's purchase, other insiders have been active at La-Z-Boy. On June 23, 2026, Melinda Whittington, President & CEO, engaged in several transactions, including buying 126,217 shares. Katherine Vanderjagt, VP & Chief HR Officer, also purchased 15,162 shares on June 22, 2026. These transactions were not part of any pre-planned trading programs.
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 worth about $88 million. Dimensional Fund Advisors LP added 38,870 shares, totaling 2,694,255 shares valued at $86.6 million. Meanwhile, Franklin Resources Inc. reduced its stake by 180,323 shares, now holding 1,671,550 shares valued at $53.7 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 capitalization of about $1.64 billion and a P/E ratio of 19.83. The stock's 52-week range is between $29.03 and $44.90. Its 50-day moving average stands at $35.81, while the 200-day moving average is $35.46. The company maintains a current ratio of 1.659 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.
Recent Earnings
La-Z-Boy reported revenue of approximately $2.13 billion, reflecting a growth of 3.8%. The company achieved a net margin of 3.93% and a return on equity of 8.09%. Its earnings per share were $2.00. The next earnings report is expected on August 18, 2026.
Dividend
La-Z-Boy pays an annual dividend rate of $0.97 per share, yielding 2.76%. The dividend payout ratio is 45.1%.
Analysts Set New Price Targets
Analysts have been adjusting their views on La-Z-Boy. Sidoti & Co. upgraded the stock to a "buy" rating with a price target of $39.00 on November 19, 2025. Keybanc also upgraded the stock to "buy" with a target of $46.00 on April 25, 2025. The consensus among analysts is a "buy" rating with an average price target of $44.50 based on two opinions.
About La-Z-Boy
La-Z-Boy Incorporated is a leading furniture manufacturer and retailer, known for its recliners and motion furniture. Headquartered in Monroe, Michigan, the company operates through Wholesale and Retail segments. It sells products directly to La-Z-Boy Furniture Galleries and other retailers. La-Z-Boy also owns Joybird, an e-commerce furniture retailer. The company was founded in 1927 and employs around 10,600 people.
Bottom Line
Sundy Robert II's recent share purchase signals insider confidence in La-Z-Boy's future. The company's solid market position and recent institutional interest highlight its appeal. Investors often track these insider transactions for potential insights, though it's important to remember that these filings reflect past actions and not necessarily 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.