La-Z-Boy (LZB) CEO Melinda Whittington Buys $244K of Stock
President and CEO Melinda Whittington acquired 7,364 shares of La-Z-Boy Incorporated stock on June 23, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
Melinda Whittington, President & CEO at La-Z-Boy Incorporated ($LZB), bought 7,364 shares at an average price of $33.15, worth about $244,116.60, on June 23, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $LZB is down 0.4% after 1 week, down 3.6% after 1 month and down 24.8% to date (from the $39.99 close on Jun 23, 2026).
LZB
La-Z-Boy Incorporated
Key Points
- La-Z-Boy Incorporated President and CEO Melinda Whittington purchased 7,364 shares of company stock on June 23, 2026, for a total value of $244,116.60.
- The stock trades around $41.85, positioned between its 52-week low of $29.03 and 52-week high of $44.90, as the company prepares for its next earnings release on November 17, 2026.
- Keybanc recently maintained an Overweight rating on the stock on August 20, 2026, adjusting its price target to $40.00.
Get $LZB trade alerts by text
We text you when insiders, Congress or big funds trade $LZB. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated La-Z-Boy Incorporated alert may contain errors. Disclosures
CEO Melinda Whittington Buys La-Z-Boy Shares
La-Z-Boy Incorporated President and CEO Melinda Whittington picked up 7,364 shares of the company stock on June 23, 2026. The transaction took place at a price of $33.15 per share, adding up to a total value of $244,116.60.
Where La-Z-Boy Stock Trades Today
The company shares trade at $41.85, moving well above the 50-day moving average of $36.43 and the 200-day moving average of $36.58. The furniture maker has a market value near $1.19 billion and carries a price-to-earnings ratio of 15.08. Investors continue to monitor the equity as it trades closer to the upper boundary of its 52-week range of $29.03 to $44.90.
Recent Insider Transactions at La-Z-Boy
Executive buying by the chief executive arrives alongside a wave of sales from other leaders at the furniture manufacturer. On June 26, 2026, VP, GC & Chief Compliance Officer Raphaell Richmond sold 608 shares at $40.95 for a total of $24,897.60. On the same day, President of Wholesale Brands Terrence James Linz sold 661 shares at $40.95 worth $27,067.95, following an earlier sale of 482 shares on June 24, 2026, valued at $20,171.70. CFO and Senior Vice President Taylor Edward Luebke parted with 159 shares on June 24, 2026, at $41.85 totaling $6,654.15. Chief Accounting Officer Jennifer Lynn McCurry executed two sales, parting with 193 shares at $41.85 on June 24, 2026, and another 3,715 shares at $41.05 on June 25, 2026, worth $152,500.75.
Analysts Set New Price Targets
Wall Street firms continue to update their outlooks on the furniture maker. On August 20, 2026, Keybanc maintained its Overweight rating on the stock while adjusting its price target from $46.00 to $40.00. The broader consensus currently reflects a mean price target of $41.00 based on analyst opinions.
What La-Z-Boy Incorporated Does
La-Z-Boy Incorporated builds and sells residential upholstery and casegoods furniture. The Monroe, Michigan-based firm distributes recliners, sofas, bedroom sets, and dining room collections through wholesale channels, company retail stores, and online direct-to-consumer platforms like Joybird.
Next Steps for Investors
Market participants will look ahead to the company's next earnings report, scheduled for November 17, 2026, to gauge upcoming revenue and profit trends. Insider filings will also remain in focus to see if executive buying broadens across the leadership team.
Related Filing Alerts
Source: Melinda Whittington's Form 4 filing on $LZB (Jun 23, 2026). Find the original filing: LZB Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts