Rep. Josh Gottheimer Sells Off Shares of La-Z-Boy Incorporated (NYSE:LZB)

Posted by Brenda Bartman on Apr 13th, 2026

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of La-Z-Boy Incorporated (NYSE:LZB). In a filing disclosed on April 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in La-Z-Boy stock on March 12th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Fabrinet (NYSE:FN) on 3/24/2026.
Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 3/24/2026.
Sold $1,001 – $15,000 in shares of ENN Energy (OTCMKTS:XNGSY) on 3/24/2026.
Sold $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) on 3/12/2026.
Sold $1,001 – $15,000 in shares of HDFC Bank (NYSE:HDB) on 3/12/2026.
Sold $1,001 – $15,000 in shares of Alcon (NYSE:ALC) on 3/12/2026.
Sold $1,001 – $15,000 in shares of Intapp (NASDAQ:INTA) on 3/12/2026.
Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/10/2026.
Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/6/2026.
Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 3/5/2026.

La-Z-Boy Price Performance

Shares of LZB stock opened at $33.79 on Monday. The business’s fifty day moving average price is $34.74 and its 200 day moving average price is $35.45. La-Z-Boy Incorporated has a 1-year low of $29.03 and a 1-year high of $44.49. The firm has a market capitalization of $1.38 billion, a PE ratio of 16.73 and a beta of 1.28.

La-Z-Boy (NYSE:LZB – Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. La-Z-Boy had a return on equity of 10.79% and a net margin of 3.93%.The firm had revenue of $541.59 million for the quarter, compared to analyst estimates of $535.47 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. La-Z-Boy’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Tuesday, March 3rd were issued a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, March 3rd. La-Z-Boy’s dividend payout ratio is currently 47.52%.

Insider Activity

In other news, SVP Michael Adam Leggett sold 2,200 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $37.00, for a total value of $81,400.00. Following the sale, the senior vice president directly owned 42,473 shares in the company, valued at $1,571,501. This represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.66% of the stock is owned by corporate insiders.

Institutional Trading of La-Z-Boy

A number of institutional investors have recently bought and sold shares of LZB. Allspring Global Investments Holdings LLC lifted its position in shares of La-Z-Boy by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 721,029 shares of the company’s stock valued at $24,400,000 after acquiring an additional 113,396 shares in the last quarter. American Century Companies Inc. lifted its position in shares of La-Z-Boy by 7.2% in the third quarter. American Century Companies Inc. now owns 1,434,642 shares of the company’s stock valued at $49,237,000 after acquiring an additional 95,737 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of La-Z-Boy by 7.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,391,236 shares of the company’s stock valued at $47,747,000 after acquiring an additional 100,416 shares in the last quarter. CSM Advisors LLC purchased a new stake in shares of La-Z-Boy in the third quarter valued at $3,958,000. Finally, JPMorgan Chase & Co. lifted its position in shares of La-Z-Boy by 12.6% in the second quarter. JPMorgan Chase & Co. now owns 246,590 shares of the company’s stock valued at $9,166,000 after acquiring an additional 27,510 shares in the last quarter. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LZB shares. Zacks Research lowered La-Z-Boy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. KeyCorp reiterated an “overweight” rating on shares of La-Z-Boy in a research report on Wednesday, December 17th. Wall Street Zen upgraded La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of La-Z-Boy in a research report on Monday, December 22nd. Finally, Needham & Company LLC reiterated a “buy” rating on shares of La-Z-Boy in a research report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, La-Z-Boy has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Read Our Latest Stock Report on La-Z-Boy

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About La-Z-Boy

(Get Free Report)

La-Z-Boy Incorporated (NYSE: LZB) is a leading U.S. manufacturer and marketer of residential furniture, best known for its upholstered recliners, sofas, stationary chairs and sleeper sofas. The company offers a broad range of products in both fabric and leather, complemented by occasional tables, desks, lamps and other home furnishings through its branded retail network.

Founded in 1927 by cousins Edward Knabusch and Edwin Shoemaker in Monroe, Michigan, La-Z-Boy pioneered the modern reclining chair.