La-Z-Boy CEO Melinda Whittington Increases Stake
Melinda Whittington, CEO of La-Z-Boy, purchased 26,639 shares valued at over $883,000.
Key Points
- La-Z-Boy CEO Melinda Whittington bought 26,639 shares at $33.15 each, totaling $883,082.85 on June 22, 2026.
- La-Z-Boy's stock traded near $40.30 on Thursday, with a market cap of about $1.64 billion and a P/E ratio of 19.83.
- BlackRock and Dimensional Fund Advisors increased their positions in La-Z-Boy, while Franklin Resources reduced its stake.
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Melinda Whittington, the President and CEO of La-Z-Boy Incorporated, recently bought 26,639 shares of the company on June 22, 2026. The shares were purchased at an average price of $33.15 each, bringing the total transaction value to approximately $883,082.85. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at La-Z-Boy Incorporated
On June 22, 2026, Melinda Whittington, President & CEO of La-Z-Boy, purchased 26,639 shares at $33.15 per share, totaling about $883,082.85. This purchase was not under a Rule 10b5-1 plan. Additionally, on June 23, 2026, she sold 7,364 shares at $40.00 each in a planned transaction. Katherine Vanderjagt, VP & Chief HR Officer, also bought 15,162 shares on June 22, 2026, without a pre-arranged plan.
Other Institutional Activity in La-Z-Boy
Several institutional investors have adjusted their positions in La-Z-Boy. BlackRock, Inc. increased its holdings by 39,348 shares, ending with 6,421,949 shares valued at about $206.4 million, reflecting a 0.6% increase. Dimensional Fund Advisors LP also grew its stake by 38,870 shares to 2,694,255 shares, worth approximately $86.6 million, marking a 1.5% increase. Meanwhile, Franklin Resources Inc. reduced its position by 180,323 shares, now holding 1,671,550 shares valued at $53.7 million, a 9.7% decrease. New positions were opened by Vanguard Portfolio Management LLC and Vanguard Capital Management LLC.
La-Z-Boy Incorporated Stock Up 28.5%
Shares of NYSE:LZB traded near $40.30 on Thursday. The company has a market capitalization of roughly $1.64 billion and a P/E ratio of 19.83. La-Z-Boy's stock has ranged from a 52-week low of $29.03 to a high of $44.90. Its 50-day moving average is about $35.81, and 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 53.875.
$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 growth rate of 3.8%. The company's earnings per share stood at $2.00, and it achieved a net margin of 3.93% with a return on equity of 8.09%. The next earnings report is scheduled for August 18, 2026.
Dividend
La-Z-Boy pays an annual dividend rate of $0.97, yielding 2.76%. The dividend payout ratio is 45.1%, indicating a stable dividend policy.
Analysts Set New Price Targets
Analysts have shown interest in La-Z-Boy with Sidoti & Co. upgrading the stock to a 'buy' rating on November 19, 2025, with a price target of $39.00. Keybanc also upgraded its rating to 'buy' with a target of $46.00 on April 25, 2025. The consensus recommendation for La-Z-Boy is a 'buy', with an average target price of $44.50 based on two analyst opinions.
About La-Z-Boy
La-Z-Boy Incorporated is a leading manufacturer and retailer of upholstery furniture, including recliners, sofas, and sectionals. Operating through its Wholesale and Retail segments, the company sells its products across the United States, Canada, and internationally. Headquartered in Monroe, Michigan, La-Z-Boy also operates the Joybird e-commerce platform. With around 10,600 employees, the company is led by CEO Mr. Taylor E. Luebke.
Bottom Line
Melinda Whittington's recent share purchase reflects her confidence in La-Z-Boy's future prospects. Investors often track executive transactions for insights into company leadership's outlook. Remember, insider transactions are disclosed after the fact and may not indicate future performance.
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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.