La-Z-Boy (LZB) Insider Raphaell Richmond Sells $111K of Stock

Raphaell Richmond, VP, GC & Chief Compliance Officer at La-Z-Boy Incorporated (NYSE: LZB), sold 2,775 shares on June 22, 2026, at a price of $39.99 each. This sale, totaling about $110,972.25, reflects ongoing trading activity from the company's executives. Richmond's decision comes after several recent transactions, including a notable sale of 13,671 shares just days later on June 29.

Inside Raphaell Richmond's Trade

Richmond's recent sale adds to his previous transactions, where he sold 608 shares on June 26 for about $24,897.6 and another significant sale of 13,671 shares for approximately $544,516 a few days later. These actions indicate a busy period for the executive, as he navigates La-Z-Boy's stock performance.

Other Institutional Activity in La-Z-Boy

While Richmond has been active, other institutional investors have also adjusted their positions in La-Z-Boy. Blackrock Inc. holds 6,618,524 shares valued at about $197.6 million, having increased its stake by 196,514 shares. Vanguard Portfolio Management LLC similarly grew its holdings by 259,707 shares, totaling 2,999,232 shares worth approximately $89.6 million. Dimensional Fund Advisors LP and Vanguard Capital Management LLC also maintained their positions, with minor changes to their share counts. American Century Companies Inc. saw a more significant adjustment, adding 206,021 shares, bringing its total to 1,835,932 shares valued at about $54.8 million.

La-Z-Boy Incorporated Stock Up 35.1%

La-Z-Boy shares are currently trading around $40.30, relatively close to its 52-week high of $44.90, suggesting strong market interest. The stock's performance follows a slight revenue decline, with a recent reported revenue of about $2.11 billion and a P/E ratio of 15.08. Investors may watch how broader market trends affect the company's stock moving forward.

Recent Earnings

In its latest financial results, La-Z-Boy reported a revenue of approximately $2.11 billion, reflecting a slight decrease compared to previous periods. The company has a net margin of 3.86% and a return on equity (ROE) of about 8.05%. The next earnings report is expected on November 17, 2026.

Dividend

La-Z-Boy pays an annual dividend rate of $0.97, resulting in a yield of 3.24% based on its current stock price. The company maintains a relatively low payout ratio of 48.02%, suggesting room for growth in dividends.

Insider Buying and Selling at La-Z-Boy Incorporated

Besides Richmond's recent sales, Linz Terrence James, President of Wholesale Brands, sold 661 shares for about $27,067.95 on June 26. On June 24, Taylor Edward Luebke, the SVP and CFO, sold 159 shares valued at approximately $6,654.15. These transactions indicate a pattern of executives adjusting their positions amidst market fluctuations.

Analysts Set New Price Targets

On August 20, 2026, Keybanc maintained its Overweight rating on La-Z-Boy but lowered the price target to $40 from a previous $46. The current analyst consensus suggests a mean price target of $41, reflecting a cautious optimism about the company’s future performance.

About La-Z-Boy

La-Z-Boy Incorporated is based in Monroe, Michigan, and specializes in manufacturing and marketing upholstered furniture. It operates through wholesale and retail segments, selling a variety of products both domestically and internationally. The company has about 10,200 employees and is a well-known name in the furnishings industry.

Bottom Line

Investors should watch for La-Z-Boy's next earnings date on November 17, 2026, as the company continues to experience executive trading activity. Richmond's trades illustrate an active management response to market conditions, while the 13F filings reflect past holdings and may not represent current positions.