La-Z-Boy (NYSE:LZB) Director Janet Kerr Sells 3,653 Shares

Posted by Francis Steltz on Sep 10th, 2026

La-Z-Boy Incorporated (NYSE:LZB – Get Free Report) Director Janet Kerr sold 3,653 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $31.75, for a total transaction of $115,982.75. Following the transaction, the director owned 4,125 shares of the company’s stock, valued at $130,968.75. This represents a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

La-Z-Boy Stock Down 0.7%

Shares of NYSE LZB opened at $31.44 on Thursday. The company’s 50-day simple moving average is $37.74 and its 200-day simple moving average is $36.32. La-Z-Boy Incorporated has a 52-week low of $29.03 and a 52-week high of $44.90. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 1.07 and a beta of 1.23.

La-Z-Boy (NYSE:LZB – Get Free Report) last released its earnings results on Tuesday, August 18th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $475.69 million for the quarter, compared to analysts’ expectations of $501.44 million. La-Z-Boy had a return on equity of 11.79% and a net margin of 3.86%.The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Equities research analysts anticipate that La-Z-Boy Incorporated will post 2.7 EPS for the current fiscal year.

La-Z-Boy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.242 per share. This represents a $0.97 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, September 3rd. La-Z-Boy’s payout ratio is 49.24%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LZB. KeyCorp decreased their target price on La-Z-Boy from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, August 20th. Weiss Ratings cut La-Z-Boy from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Zacks Research downgraded La-Z-Boy from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen lowered La-Z-Boy from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.50.

Read Our Latest Stock Analysis on La-Z-Boy

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its holdings in shares of La-Z-Boy by 3.5% during the 2nd quarter. Osaic Holdings Inc. now owns 9,258 shares of the company’s stock worth $344,000 after purchasing an additional 310 shares during the last quarter. Raymond James Financial Inc. lifted its position in La-Z-Boy by 2.3% during the third quarter. Raymond James Financial Inc. now owns 14,703 shares of the company’s stock worth $505,000 after buying an additional 336 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in La-Z-Boy by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 7,827 shares of the company’s stock worth $252,000 after buying an additional 379 shares in the last quarter. Versant Capital Management Inc boosted its stake in La-Z-Boy by 172.8% during the second quarter. Versant Capital Management Inc now owns 652 shares of the company’s stock worth $26,000 after buying an additional 413 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in La-Z-Boy by 1.4% during the second quarter. California State Teachers Retirement System now owns 38,634 shares of the company’s stock worth $1,436,000 after buying an additional 528 shares during the last quarter. 99.62% of the stock is owned by hedge funds and other institutional investors.

La-Z-Boy Company Profile

(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.