Sundy Robert II Sells Shares of La-Z-Boy
Sundy Robert II sold 497 shares of La-Z-Boy on June 24, 2026, for $20,799.45.
Key Points
- Sundy Robert II, President of Retail at La-Z-Boy, sold 497 shares at $41.85 each on June 24, 2026.
- La-Z-Boy shares traded near $40.80 on Saturday with a market cap of $1.63 billion and a P/E ratio of 16.5.
- Institutional investors like BlackRock and Vanguard have adjusted their positions in La-Z-Boy recently.
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On June 24, 2026, Sundy Robert II, the President of Retail at La-Z-Boy Incorporated, sold 497 shares of the company, which trades on the NYSE under the ticker LZB. The shares were sold at an average price of $41.85 each, bringing the total transaction value to $20,799.45. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at La-Z-Boy Incorporated
Several insiders at La-Z-Boy made transactions on June 24, 2026. Besides Sundy Robert II, Melinda Whittington, the President and CEO, sold 5,096 shares, and Michael Adam Leggett, Senior VP & Chief Supply Chain Officer, sold 9,000 shares at an average price of $41.66. Other executives, including Lee Carol Young, Raphaell Richmond, and Katherine Vanderjagt, also sold shares on the same date.
Other Institutional Activity in La-Z-Boy
In recent institutional activity, BlackRock, Inc. increased its holdings by 39,348 shares, bringing its total to about 6.42 million shares valued at $206.4 million, marking a 0.6% increase. Vanguard Portfolio Management LLC opened a new position with 2.74 million shares valued at $88.0 million. Dimensional Fund Advisors LP also boosted its stake by 38,870 shares to a total of 2.69 million shares worth approximately $86.6 million, a 1.5% increase. Meanwhile, Franklin Resources Inc. reduced its position by 180,323 shares, ending with 1.67 million shares, a 9.7% decrease.
La-Z-Boy Incorporated Stock Up 25.7%
Shares of NYSE:LZB traded near $40.80 on Saturday. La-Z-Boy has a market cap of about $1.63 billion, with a P/E ratio of 16.5 and a forward P/E of 12.4. The stock's 52-week range is between $29.03 and $44.90. Its 50-day moving average is $36.51, while the 200-day moving average is $35.57. The company maintains a current ratio of 1.8 and a quick ratio of 1.1, with a debt-to-equity ratio of 53.1.
$LZB stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
La-Z-Boy reported revenue of approximately $2.13 billion, showing a slight decrease from the prior period. The company's net margin stands at 4.8%, with a return on equity of 9.8%. Earnings per share were $2.47. The next earnings report is expected on June 16, 2026.
Dividend
La-Z-Boy pays an annual dividend rate of $0.97, yielding 2.37%. Its dividend payout ratio is 37.4%, with the next ex-dividend date yet to be announced.
Analysts Set New Price Targets
On November 19, 2025, Sidoti & Co. upgraded La-Z-Boy to a buy rating with a price target of $39. Similarly, on April 25, 2025, Keybanc also upgraded the stock to a buy, setting a target price of $46. The consensus among analysts is a buy recommendation, with an average target price of $46.
About La-Z-Boy
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, is a well-known manufacturer and retailer of furniture products, including recliners, sofas, and casegoods. Operating through Wholesale and Retail segments, the company sells its products through La-Z-Boy stores and other retailers. La-Z-Boy also operates Joybird, an online furniture retailer. Founded in 1927, the company is led by CEO Taylor E. Luebke and employs about 10,200 people.
Bottom Line
Sundy Robert II's recent sale of La-Z-Boy shares is one of several insider transactions at the company. While insider sales can be part of normal portfolio management, they are closely watched by investors. La-Z-Boy's stock performance, institutional interest, and analyst upgrades suggest that the company remains a point of interest in the furnishings sector. As always, remember that insider and institutional data is often backward-looking.
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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.