La-Z-Boy (NYSE:LZB) CEO Sells $294,560.00 in Stock

Posted by George Bondi on Jun 24th, 2026

La-Z-Boy Incorporated (NYSE:LZB – Get Free Report) CEO Melinda Whittington sold 7,364 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $40.00, for a total value of $294,560.00. Following the transaction, the chief executive officer directly owned 415,061 shares in the company, valued at $16,602,440. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock traded up $1.58 during midday trading on Wednesday, reaching $41.88. 790,207 shares of the company’s stock traded hands, compared to its average volume of 651,032. The stock has a 50 day moving average of $36.55 and a 200-day moving average of $36.42. La-Z-Boy Incorporated has a 12 month low of $29.03 and a 12 month high of $44.90. The company has a market cap of $1.67 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

La-Z-Boy (NYSE:LZB – Get Free Report) last released its quarterly earnings results on Tuesday, June 16th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.44. The business had revenue of $570.34 million for the quarter, compared to analysts’ expectations of $569.23 million. La-Z-Boy had a net margin of 4.80% and a return on equity of 11.97%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. On average, equities analysts anticipate that La-Z-Boy Incorporated will post 2.98 earnings per share for the current fiscal year.

La-Z-Boy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd were given a $0.242 dividend. This represents a $0.97 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 2nd. La-Z-Boy’s dividend payout ratio (DPR) is currently 39.27%.

Analyst Ratings Changes

LZB has been the topic of several research analyst reports. Wall Street Zen upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. Weiss Ratings upgraded shares of La-Z-Boy from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, La-Z-Boy presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

View Our Latest Research Report on La-Z-Boy

Institutional Investors Weigh In On La-Z-Boy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in La-Z-Boy by 11.1% in the first quarter. Royal Bank of Canada now owns 16,056 shares of the company’s stock worth $628,000 after purchasing an additional 1,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in La-Z-Boy by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,836 shares of the company’s stock valued at $971,000 after buying an additional 769 shares during the period. Norges Bank bought a new stake in shares of La-Z-Boy during the 2nd quarter valued at $404,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of La-Z-Boy during the 2nd quarter valued at $736,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of La-Z-Boy by 290.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 901 shares of the company’s stock worth $33,000 after buying an additional 670 shares during the period. 99.62% of the stock is owned by hedge funds and other institutional investors.

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.