Katherine Vanderjagt Sells Shares of La-Z-Boy Incorporated
La-Z-Boy's VP & Chief HR Officer sold 408 shares for over $17,000.
Key Points
- Katherine Vanderjagt, La-Z-Boy's VP & Chief HR Officer, sold 408 shares at $41.85 each on June 24, totaling $17,074.80.
- La-Z-Boy shares traded at $40.80 on Saturday, with a market cap of about $1.63 billion and a P/E ratio of 16.52.
- Analysts have set a target mean price of $46, with recent upgrades from Sidoti & Co. and Keybanc to a 'buy' rating.
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Katherine Vanderjagt, the Vice President and Chief Human Resources Officer at La-Z-Boy Incorporated, sold 408 shares of the company's stock on June 24, 2026. The shares were sold at an average price of $41.85 each, bringing the total transaction value to $17,074.80. This sale was not part of a pre-arranged trading plan.
Other Institutional Activity in La-Z-Boy
BlackRock, Inc. increased its stake in La-Z-Boy by 39,348 shares, ending with 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 $88.05 million. Dimensional Fund Advisors LP added 38,870 shares, bringing its total to 2,694,255 shares valued at $86.59 million. Franklin Resources Inc. reduced its holdings by 180,323 shares, leaving it with 1,671,550 shares valued at $53.72 million. American Century Companies Inc. grew its position by 142,945 shares to 1,629,918 shares, worth about $52.39 million.
La-Z-Boy Incorporated Stock Up 25.7%
Shares of NYSE:LZB traded near $40.80 on Saturday. La-Z-Boy Incorporated has a market cap of approximately $1.63 billion and a P/E ratio of 16.52, with a forward P/E of 12.35. The stock has a 52-week low of $29.03 and a high of $44.90. The company's 50-day moving average is $36.51, and the 200-day moving average is $35.57. La-Z-Boy maintains a current ratio of 1.8 and a quick ratio of 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 $2.13 billion, with a slight decline in growth. The company achieved a net margin of 4.8% and a return on equity of 9.8%. Earnings per share stood at $2.47. The next earnings report is scheduled for June 16, 2026.
Dividend
La-Z-Boy pays an annual dividend rate of $0.97, yielding 2.37%. The dividend payout ratio is 37.41%.
Insider Buying and Selling at La-Z-Boy Incorporated
In addition to Katherine Vanderjagt, several other insiders sold shares on June 24, 2026. Lee Carol Young, VP & Chief Information Officer, sold 262 shares. Raphael Richmond, VP, GC & Chief Compliance Officer, sold 474 shares. Melinda Whittington, President & CEO, sold 5,096 shares. Robert Sundy II, President of Retail, sold 497 shares. Michael Adam Leggett, Sr VP & Chief Supply Chain Officer, sold 9,000 shares at a slightly lower price of $41.66.
Analysts Set New Price Targets
On November 19, 2025, Sidoti & Co. upgraded La-Z-Boy to a 'buy' with a price target of $39. Keybanc also upgraded the stock to a 'buy' with a target of $46 on April 25, 2025. The consensus among analysts is a 'buy' rating, with a target mean price of $46 based on two analyst opinions.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, designs and sells furniture globally. It operates through its Wholesale and Retail segments, offering products like recliners, sofas, and bedroom sets. The company also runs Joybird, an online and retail brand. Founded in 1927, La-Z-Boy employs about 10,200 people.
Bottom Line
Katherine Vanderjagt's recent sale of La-Z-Boy shares is part of a broader insider selling trend. Investors keep a close eye on insider transactions as they can provide insight into how company executives view the company's prospects. It's important to remember that insider sales can occur for many reasons and don't necessarily indicate a negative outlook. The company's recent earnings and analyst upgrades suggest continued interest in La-Z-Boy's stock.
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