La-Z-Boy CEO Melinda Whittington Sells Shares
Melinda Whittington, CEO of La-Z-Boy, sold 7,364 shares on June 23, 2026.
Key Points
- La-Z-Boy CEO Melinda Whittington sold 7,364 shares valued at $294,560 on June 23, 2026.
- Shares of NYSE:LZB traded near $40.30 on Thursday, with a market cap of $1.64 billion and a P/E ratio of 19.83.
- BlackRock increased its La-Z-Boy stake by 39,348 shares, while Franklin Resources reduced its position by 180,323 shares.
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Melinda Whittington, the President and CEO of La-Z-Boy Incorporated, recently sold 7,364 shares of the company. The transaction, valued at $294,560, took place on June 23, 2026, at an average price of $40.00 per share. This sale was conducted as part of a pre-arranged trading plan under Rule 10b5-1.
Insider Buying and Selling at La-Z-Boy Incorporated
Melinda Whittington, in her role as President and CEO, executed several trades on June 23, 2026. In addition to selling 7,364 shares at $40.00 per share, she executed other transactions on the same day, including a planned sale of 7,364 shares and a purchase of 7,364 shares at $33.15. Earlier, on June 22, 2026, she also bought 126,217 shares and sold 27,194 shares at $39.99.
Other Institutional Activity in La-Z-Boy
Among institutional investors, BlackRock, Inc. increased its holdings in La-Z-Boy 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 about $88.05 million. Dimensional Fund Advisors LP added 38,870 shares, ending with 2,694,255 shares valued at $86.59 million, reflecting a 1.5% increase. Conversely, Franklin Resources Inc. reduced its stake by 180,323 shares, resulting in 1,671,550 shares valued at $53.72 million.
La-Z-Boy Incorporated Stock Up 25.3%
Shares of NYSE:LZB traded near $40.30 on Thursday. La-Z-Boy has a market cap of approximately $1.64 billion, with a P/E ratio of 19.83 and a forward P/E of 12.05. Its beta is 1.282, indicating moderate volatility. The stock's 52-week range spans from $29.03 to $44.90, with 50-day and 200-day moving averages of $35.81 and $35.46, respectively. The company's current ratio stands at 1.659, and it has a quick ratio of 0.99, with a debt-to-equity ratio of 53.88.
$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 revenue growth rate of 3.8%. The company achieved an earnings per share (EPS) of $2.00. Its net margin is 3.93%, and it has a return on equity (ROE) of 8.09%. The next earnings report is scheduled for August 18, 2026.
Dividend
La-Z-Boy offers an annual dividend rate of $0.97, yielding 2.76%. The dividend payout ratio is 45.1%, and the company maintains a consistent dividend payment schedule.
Analysts Set New Price Targets
Analysts have been revising their targets for La-Z-Boy. On November 19, 2025, Sidoti & Co. upgraded the stock to a 'buy' rating with a $39.00 price target. Earlier, on April 25, 2025, Keybanc also upgraded the stock to a 'buy' with a $46.00 target. The consensus recommendation is a 'buy', with a mean target price of $44.50 based on two analyst opinions.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated is a leading furniture manufacturer based in Monroe, Michigan. It designs, produces, and retails a wide range of furniture, including recliners, sofas, and sectionals, through its Wholesale and Retail segments. The company distributes its products through La-Z-Boy Furniture Galleries and other retailers, and also operates Joybird, an online furniture retailer. Founded in 1927, La-Z-Boy employs around 10,600 people and is led by CEO Mr. Taylor E. Luebke.
Bottom Line
Melinda Whittington's recent stock sale at La-Z-Boy is part of her planned trading activities. Investors often watch insider transactions for insights into executive sentiment. La-Z-Boy shows stable financial metrics, and its stock is closely monitored by analysts who maintain a positive outlook.
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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.