La-Z-Boy (LZB) President Linz Terrence James Sells $20K of Stock
President of Wholesale Brands at La-Z-Boy, Linz Terrence James, sold 482 shares on June 24, 2026.
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Linz Terrence James, President, Wholesale Brands at La-Z-Boy Incorporated ($LZB), sold 482 shares at an average price of $41.85, worth about $20,171.70, on June 24, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $LZB is down 5.0% after 1 week, down 5.2% after 1 month and down 27.6% to date (from the $41.53 close on Jun 24, 2026).
LZB
La-Z-Boy Incorporated
Key Points
- On June 24, 2026, Linz Terrence James sold 482 shares of La-Z-Boy for about $20,171.70.
- La-Z-Boy shares now trade at $40.95, sitting near the higher end of its recent range between $29.03 and $44.90.
- Analysts maintain a consensus price target of $41.00, reflecting cautious optimism following recent insider sales.
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Linz Terrence James, the President of Wholesale Brands at La-Z-Boy Incorporated, sold 482 shares on June 24, 2026. The transaction was valued at approximately $20,171.70, with shares priced at $41.85 at the time of sale.
Inside Linz Terrence James's Trade
James's sale reduces his holdings in La-Z-Boy as the stock trades close to $40.95. This sale is part of a recent string of insider transactions, including his earlier sale of 661 shares for about $27,067.95 on June 26, 2026.
Other Institutional Activity in La-Z-Boy
Several institutional investors have been active in La-Z-Boy recently. BlackRock Inc. increased its holdings by 196,514 shares, bringing its total to 6,618,524 shares valued at roughly $197.6 million. Vanguard Portfolio Management LLC raised its stake by 259,707 shares, ending with 2,999,232 shares worth about $89.6 million. American Century Companies Inc purchased 206,021 additional shares, raising its total to 1,835,932 shares valued at approximately $54.8 million.
La-Z-Boy Incorporated Stock Up 37.2%
Currently, La-Z-Boy shares are trading at $40.95, near its 52-week high of $44.90. The stock has performed well since hitting a low of $29.03, reflecting investor interest. The company has a market cap of about $1.19 billion and a P/E ratio of 15.08, indicating reasonable valuation compared to its earnings.
Recent Earnings
La-Z-Boy reported revenue of $2.11 billion, with a net margin of approximately 3.86%. The company’s next earnings report is scheduled for November 17, 2026.
Dividend
La-Z-Boy pays an annual dividend of $0.97 per share, resulting in a yield of about 3.24%. This payout represents a reasonable portion of its earnings, with a dividend payout ratio of 48.02%.
Insider Buying and Selling at La-Z-Boy Incorporated
In addition to James's recent sale, Raphaell Richmond, VP and Chief Compliance Officer, sold 608 shares on June 26 for about $24,897.60. Richmond also sold 13,671 shares on June 29 for approximately $544,515.93. On the same day as James's sale, Taylor Edward Luebke, SVP and CFO, sold 159 shares worth about $6,654.15.
Analysts Set New Price Targets
On August 20, 2026, Keybanc maintained its Overweight rating on La-Z-Boy with a price target of $40.00, down from a previous target of $46.00. Currently, analysts have a consensus price target of $41.00 based on two opinions.
About La-Z-Boy
La-Z-Boy Incorporated manufactures and sells a wide range of upholstery furniture products. The company operates through wholesale and retail segments, reaching customers both in the U.S. and internationally. Its recent stock activity and insider sales indicate a shift in investor sentiment as it approaches its next earnings date.
Bottom Line
Investors should keep an eye on the upcoming earnings release on November 17, 2026, and any further insider trades. Remember, the recent Form 4 filings reflect past transactions and may not represent current positions or future intentions.
Related Filing Alerts
Source: Linz Terrence James's Form 4 filing on $LZB (Jun 24, 2026). Find the original filing: LZB Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts