La-Z-Boy CEO Melinda Whittington Sells Shares

Melinda Whittington, the President and CEO of La-Z-Boy Incorporated, sold 26,639 shares of the company on June 22, 2026. This transaction was not part of a pre-arranged trading plan. On Thursday, shares of La-Z-Boy, trading under the ticker NYSE:LZB, were priced around $40.30.

Insider Buying and Selling at La-Z-Boy Incorporated

Melinda Whittington, La-Z-Boy's CEO, was active in trading the company's stock recently. On June 22, 2026, she sold 26,639 shares. The following day, she executed a planned sale of 7,364 shares at $40.00 each. Additionally, she made an unplanned purchase of 7,364 shares at $33.15. On the same day, Katherine Vanderjagt, the VP & Chief HR Officer, also bought 15,162 shares, in an unplanned transaction.

Other Institutional Activity in La-Z-Boy Incorporated

Institutional investors have been adjusting their positions in La-Z-Boy. Vanguard Portfolio Management LLC opened a new position, adding 2,739,563 shares worth approximately $88.05 million. BlackRock, Inc. increased its holdings by 39,348 shares, bringing its total to 6,421,949 shares valued at about $206.40 million. Dimensional Fund Advisors LP also increased its stake by 38,870 shares, ending with 2,694,255 shares valued at roughly $86.59 million. Conversely, Franklin Resources Inc reduced its position by 180,323 shares, now holding 1,671,550 shares worth about $53.72 million.

La-Z-Boy Incorporated Stock Up 28.5%

As of Thursday, La-Z-Boy's stock was trading near $40.30. The company has a market capitalization of approximately $1.64 billion and a P/E ratio of 19.83. Its 52-week range spans from a low of $29.03 to a high of $44.90. The stock's 50-day moving average is $35.81, and its 200-day moving average is $35.46. La-Z-Boy maintains a current ratio of 1.66 and a quick ratio of 0.99, with a debt-to-equity ratio of 53.88.

Analysts Set New Price Targets

Analyst firms have shown interest in La-Z-Boy's stock. Sidoti & Co. upgraded the stock to a 'buy' rating with a price target of $39.00 on November 19, 2025. Similarly, Keybanc upgraded it to a 'buy' with a target price of $46.00 on April 25, 2025. The consensus recommendation remains a 'buy', with a target mean price of $44.50 based on two analyst opinions.

About La-Z-Boy Incorporated

La-Z-Boy Incorporated is a well-known manufacturer of furniture products, including recliners, sofas, and sectionals. The company operates through wholesale and retail segments, distributing its products across the United States, Canada, and internationally. Headquartered in Monroe, Michigan, La-Z-Boy also owns Joybird, an e-commerce platform for upholstered furniture. With approximately 10,600 employees, the company is led by CEO Mr. Taylor E. Luebke.

Bottom Line

Melinda Whittington's recent sale of La-Z-Boy shares is part of her ongoing management of her holdings in the company. Investors often track insider transactions like these to gauge executive sentiment. While 13F filings show past positions, they are useful for understanding institutional interest in a company's stock.