La-Z-Boy Insider Sundy Robert II Sells Shares
Sundy Robert II, President of Retail at La-Z-Boy, sold 3,119 shares on June 22.
Key Points
- Sundy Robert II, La-Z-Boy's President of Retail, sold 3,119 shares on June 22, valued at $124,728.81.
- La-Z-Boy's market cap is $1.64 billion with a P/E ratio of 19.83 and a 52-week high of $44.9.
- BlackRock increased its La-Z-Boy holdings by 39,348 shares, now holding 6,421,949 shares worth about $206.4 million.
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Sundy Robert II, the President of Retail at La-Z-Boy Incorporated, sold 3,119 shares of the company's stock on June 22, 2026. The shares were sold at an average price of $39.99, bringing the total transaction value to approximately $124,728.81. This insider activity was not conducted under a pre-planned trading arrangement.
Insider Buying and Selling at La-Z-Boy Incorporated
In addition to Sundy Robert II's sale, several other La-Z-Boy insiders were active on June 22. Katherine Vanderjagt, VP & Chief HR Officer, bought 15,162 shares. Meanwhile, 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. These transactions were part of routine trading activities and not under any pre-arranged plans.
Other Institutional Activity in La-Z-Boy
Several institutional investors have adjusted their holdings in La-Z-Boy. BlackRock, Inc. grew its stake 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 roughly $88.0 million. Dimensional Fund Advisors LP increased its holdings by 38,870 shares, now holding 2,694,255 shares valued at about $86.6 million. Conversely, Franklin Resources Inc reduced its position by 180,323 shares, ending with 1,671,550 shares worth approximately $53.7 million.
La-Z-Boy Incorporated Stock Up 23.7%
As of Thursday, shares of NYSE:LZB traded near $40.30. La-Z-Boy has a market capitalization of approximately $1.64 billion and a P/E ratio of 19.83. The stock's beta is 1.282, indicating moderate volatility compared to the market. Over the past 52 weeks, the stock has ranged between $29.03 and $44.90. The 50-day moving average stands at $35.81, while the 200-day moving average is $35.46.
$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 company's net margin is 3.93%, and its return on equity is 8.09%. Earnings per share (EPS) are reported at $2.00. The next earnings report is scheduled for August 18, 2026.
Dividend
La-Z-Boy currently offers an annual dividend rate of $0.97 per share, resulting in a dividend yield of 2.76%. The company's dividend payout ratio is 45.1%, reflecting its commitment to returning value to shareholders.
Analysts Set New Price Targets
Analysts have recently updated their views on La-Z-Boy. On November 19, 2025, Sidoti & Co. upgraded the stock to a "buy" rating with a price target of $39.00. Earlier, on April 25, 2025, Keybanc also upgraded the stock to a "buy" with a $46.00 price target. The consensus among analysts is a "buy" with a mean target price of $44.50.
About La-Z-Boy
La-Z-Boy Incorporated, founded in 1927 and headquartered in Monroe, Michigan, is a leading manufacturer and retailer of furniture. The company operates through its Wholesale and Retail segments, offering a wide range of upholstered furniture, including recliners, sofas, and sectionals. La-Z-Boy sells its products in the United States, Canada, and internationally, and also operates the Joybird e-commerce platform. The company employs about 10,600 people and is led by CEO Mr. Taylor E. Luebke.
Bottom Line
Insider trades at La-Z-Boy, like those by Sundy Robert II, provide insights into the company's internal sentiment. Investors often track these activities for additional context on stock performance. Keep in mind that these trades are reported after the fact and may not reflect current insider 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.