La-Z-Boy (LZB) Insider Raphaell Richmond Sells $545K of Stock
Raphaell Richmond, VP and Chief Compliance Officer at La-Z-Boy, sold shares valued at approximately $544,516.
Reviewed by automated data checks against the source filing. How we make and check alerts
Raphaell Richmond, VP, GC & Chief Compliance Off at La-Z-Boy Incorporated ($LZB), sold 13,671 shares at an average price of $39.83, worth about $544,515.93, on June 29, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $LZB is down 1.4% after 1 week, up 2.5% after 1 month and down 24.2% to date (from the $39.65 close on Jun 29, 2026).
LZB
La-Z-Boy Incorporated
Key Points
- On June 29, 2026, Raphaell Richmond sold 13,671 shares of La-Z-Boy (NYSE: LZB) for about $544,516, at a price of $39.83 each.
- Richmond's recent sale follows other insider transactions, including a sale of 608 shares on June 26, valued at approximately $24,898.
- La-Z-Boy has a current market cap of about $1.19 billion and reported revenue of $2.11 billion, with a dividend yield of 3.24%.
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Executive Sells Shares Amid Busy Insider Activity
Raphaell Richmond, the Vice President, General Counsel, and Chief Compliance Officer at La-Z-Boy Incorporated, sold 13,671 shares of the company. The transaction took place on June 29, 2026, at a price of $39.83 per share, totaling approximately $544,516. This sale adds to a series of recent insider transactions at the furniture company.
Related Insider Transactions
Richmond's sale comes soon after he sold 608 shares on June 26, valued at about $24,898. Another executive, Linz Terrence James, President of Wholesale Brands, sold 661 shares on the same day for approximately $27,068. Additionally, Chief Financial Officer Edward Taylor Luebke sold 159 shares on June 24, and Chief Accounting Officer Jennifer Lynn Mccurry made several sales around the same time, including 3,715 shares that were valued at $152,501 on June 25. The recent insider activity suggests increased liquidity among executives but does not necessarily indicate negative sentiment about the company.
Stock Performance Overview
As of the publication of this article, La-Z-Boy shares traded at around $40.12, which is near its 52-week high of $44.90 and significantly above the low of $29.03. Investors might view these trades in the context of the stock's performance over the past year and consider whether the recent sales reflect general market conditions.
Analysts Set New Price Targets
Analyst coverage for La-Z-Boy includes a maintenance of an Overweight rating from Keybanc, with a price target set at $40.00 as of August 20, 2026. This is a reduction from a prior target of $46.00, indicating some analysts are cautious about growth prospects in the near term. The company is set to report earnings on November 17, 2026, which could provide further insight into its financial health.
Company Profile
La-Z-Boy Incorporated manufactures and sells a variety of upholstered furniture products, operating through wholesale and retail segments. The company has been in business since 1927 and is headquartered in Monroe, Michigan. It is known for its range of furniture options, including recliners, sofas, and custom pieces available through its online platform.
What’s Next for La-Z-Boy
Looking ahead, investors will be watching La-Z-Boy’s upcoming earnings report on November 17, 2026, to assess the company's financial performance. Additionally, as the company navigates its operations amid shifting market dynamics, the insider trading activity may provide insights into executive sentiment. Remember, the disclosed insider transactions reflect past actions and might not indicate current or future expectations of the company.
Related Filing Alerts
Source: Raphaell Richmond's Form 4 filing on $LZB (Jun 29, 2026). Find the original filing: LZB Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts