La-Z-Boy (LZB) Insider Raphaell Richmond Buys 16,099 Shares
La-Z-Boy's VP, GC & Chief Compliance Officer, Raphaell Richmond, purchased 16,099 shares on June 22, 2026.
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Raphaell Richmond, VP, GC & Chief Compliance Off at La-Z-Boy Incorporated ($LZB), bought 16,099 shares on June 22, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $LZB is down 0.1% after 1 week, down 1.7% after 1 month and down 24.2% to date (from the $39.69 close on Jun 22, 2026).
LZB
La-Z-Boy Incorporated
Key Points
- Raphaell Richmond bought 16,099 shares of La-Z-Boy at a price around $40.30, totaling approximately $650,000 on June 22, 2026.
- Richmond's purchase comes amid a wave of insider selling, including his recent sale of 608 shares for about $24,898 on June 26, 2026.
- Analysts maintain a cautious outlook, with Keybanc recently lowering its price target to $40.00 from $46.00 while keeping an Overweight rating.
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Insider Buying and Selling at La-Z-Boy Incorporated
Raphaell Richmond, La-Z-Boy's VP, GC & Chief Compliance Officer, bought 16,099 shares of the company on June 22, 2026. This purchase is valued at approximately $650,000 based on a share price of about $40.30. This move comes at a time when other insiders have been selling shares, indicating a complex sentiment within the company.
Insider Buying and Selling at La-Z-Boy Incorporated
Richmond's recent purchase contrasts sharply with his own recent sale of 608 shares on June 26, 2026, valued at about $24,897. Other insiders have also sold shares, including Linz Terrence James, who sold 661 shares for around $27,068 on the same day. These sales suggest that while Richmond is increasing his stake, others may be cashing in on their holdings.
How La-Z-Boy Incorporated Stock Has Traded
La-Z-Boy shares are currently trading around $40.30, which is above its 50-day moving average of $36.43. The stock has seen a 52-week range between $29.03 and $44.90, and Richmond's purchase comes as the company navigates a challenging market environment.
Recent Earnings
In its most recent fiscal year, La-Z-Boy reported revenue of approximately $2.11 billion, with a net margin of 3.86%. The company is set to announce its next earnings report on November 17, 2026, which will provide further insights into its financial health.
Analysts Set New Price Targets
On August 20, 2026, Keybanc maintained an Overweight rating on La-Z-Boy with a price target of $40.00, down from a previous target of $46.00. This reflects a cautious outlook amid recent market trends, with two analysts currently providing opinions on the stock.
What La-Z-Boy Incorporated Does
La-Z-Boy Incorporated manufactures and sells a wide range of upholstered furniture products, both in the U.S. and internationally. The company operates through wholesale and retail segments, providing various options for consumers and retailers alike.
What's Ahead for La-Z-Boy Incorporated
As Richmond's purchase adds to his stake, investors will be watching closely for the company's upcoming earnings report in November. Additionally, the recent insider selling may raise questions about the executives' confidence in the company's future. Remember, the purchase reflects the holdings as of June 22, 2026, and may not represent Richmond's current position.
Related Filing Alerts
Source: Raphaell Richmond's Form 4 filing on $LZB (Jun 22, 2026). Find the original filing: LZB Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts