La-Z-Boy (LZB) Insider Leggett Michael Adam Buys 17,615 Shares

Michael Leggett Expands Holdings at La-Z-Boy Incorporated

Michael Leggett, who serves as senior vice president and chief supply chain officer at La-Z-Boy Incorporated NYSE:LZB, picked up 17,615 shares on June 22, 2026. This transaction stands out because top leaders at publicly traded companies usually trim their personal holdings rather than add to them through open market or award transactions, especially during stretches of heavy insider selling.

A Busy Period of Executive Stock Sales

While the supply chain chief added to his stake, several other corporate officers moved in the opposite direction during late June. Chief Financial Officer Edward Taylor Luebke parted with 159 shares on June 24, 2026, at $41.85 apiece for a total value of $6,654.15. Around the same time, President of Wholesale Brands Terrence James Linz executed multiple sales, dropping 482 shares on June 24 for $20,171.70 followed by another 661 shares on June 26 at $40.95 each, totaling $27,067.95. Chief Accounting Officer Jennifer Lynn McCurry also trimmed her holdings, selling 193 shares on June 24 at $41.85 per share for $8,077.05, and later unloading 3,715 shares on June 25 at $41.05 for a value of $152,500.75. Finally, general counsel Raphaell Richmond sold 608 shares on June 26 at $40.95 for $24,897.60.

Where La-Z-Boy Stock Trades Today

The furniture maker's shares trade at $41.85, putting the equity near the upper end of its 52-week trading range that spans from a low of $29.03 up to a high of $44.90. The stock changes hands well above its short-term and long-term trend lines, remaining comfortably clear of its 50-day moving average of $36.43 and its 200-day moving average of $36.58. With a market capitalization near $1.19 billion, the company operates with a trailing price-to-earnings ratio of 15.1 and a forward earnings multiple of 10.6.

Analysts Set New Price Targets

Analyst coverage includes a recent update from Keybanc. On August 20, 2026, Keybanc maintained an overweight rating on the stock while adjusting its price target to $40.00 from $46.00. Across the broader professional community, opinion reflects a mean price target of $41.00 based on a small group of active analyst opinions.

Inside the Business Operations

La-Z-Boy Incorporated designs, builds, and distributes living room furniture, recliners, and other home goods through both wholesale channels and its own branded retail showrooms. The enterprise also runs Joybird, a direct-to-consumer digital brand focused on modern upholstered furnishings. This operational footprint gives the supply chain chief a direct window into inventory flows, shipping expenses, and manufacturing output across domestic and international facilities.

Looking Ahead for Shareholders

Market participants will monitor upcoming financial releases to see how supply chain execution translates into top-line revenue and net income. The organization plans to share its next quarterly financial results on November 17, 2026. Insider filing disclosures remain backward-looking snapshots of past executive decisions rather than indicators of short-term price movement.