La-Z-Boy CEO Melinda Whittington Sells Shares
CEO Melinda Whittington sold 5,096 shares of La-Z-Boy on June 24, 2026.
Key Points
- La-Z-Boy CEO Melinda Whittington sold 5,096 shares at $41.85 each, totaling $213,267.60.
- La-Z-Boy stock traded at $40.80 on Saturday, with a market cap of $1.63 billion and a P/E ratio of 16.5.
- Analysts from Sidoti & Co. and Keybanc have upgraded La-Z-Boy to 'buy' with price targets of $39 and $46, respectively.
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La-Z-Boy Incorporated's President and CEO Melinda Whittington sold 5,096 shares of the company on June 24, 2026. The shares were sold at an average price of $41.85, bringing the total transaction value to approximately $213,267.60. This insider transaction was not part of a pre-planned trading program.
Insider Buying and Selling at La-Z-Boy Incorporated
On the same day as Whittington's sale, several other executives at La-Z-Boy also sold shares. Lee Carol Young, the VP & Chief Information Officer, sold 262 shares, and Richmond Raphaell, the VP, GC & Chief Compliance Officer, sold 474 shares. Additionally, Robert Sundy II, President of Retail, sold 497 shares, and Katherine Vanderjagt, VP & Chief HR Officer, sold 408 shares. Michael Adam Leggett, Sr VP & Chief Supply Chain Officer, sold 9,000 shares at a slightly lower price of $41.66 each. None of these sales were pre-planned.
Other Institutional Activity in La-Z-Boy
BlackRock, Inc. increased its holdings in La-Z-Boy by 39,348 shares, ending with 6,421,949 shares valued at approximately $206.4 million, marking a 0.6% increase. Vanguard Portfolio Management LLC opened a new position with 2,739,563 shares worth about $88.0 million. Dimensional Fund Advisors LP added 38,870 shares, bringing its total to 2,694,255 shares valued at approximately $86.6 million, a 1.5% increase. Franklin Resources Inc. reduced its stake by 180,323 shares, leaving it with 1,671,550 shares valued at roughly $53.7 million, 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 capitalization of about $1.63 billion, with a P/E ratio of 16.5 and a forward P/E of 12.4. The stock's beta is 1.282, indicating a higher volatility relative to the market. Over the past year, its shares have ranged from a low of $29.03 to a high of $44.90. The stock's 50-day moving average is $36.51, and the 200-day moving average is $35.57. The company shows 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 about $2.13 billion, with a slight decline in revenue growth. The company achieved a net margin of 4.8% and 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 offers an annual dividend rate of $0.97, yielding 2.37%. The company's dividend payout ratio stands at 37.41%.
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. Earlier, on April 25, 2025, Keybanc also upgraded the stock to 'buy', setting a higher price target of $46. The consensus recommendation is a 'buy', with a mean target price of $46 based on two analyst opinions.
About La-Z-Boy
La-Z-Boy Incorporated, headquartered in Monroe, Michigan, is a leading manufacturer and retailer of furniture products. The company operates through its Wholesale and Retail segments, producing a wide range of upholstered furniture, including recliners, sofas, and sectional pieces, as well as casegoods like bedroom and dining room furniture. La-Z-Boy sells its products through its retail stores and online platforms, including Joybird, an omni-channel retailer. Founded in 1927, the company employs around 10,200 people.
Bottom Line
Investors keep an eye on insider transactions like Melinda Whittington's sale for insights into executive sentiment. Remember, these sales do not necessarily indicate a lack of confidence in the company. La-Z-Boy's stock remains an interesting play with its recent upgrades from analysts and a consistent dividend yield. The information on insider sales and institutional activity provides a snapshot of recent movements, but always consider the backward-looking nature of these reports.
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