La-Z-Boy (LZB) CEO Melinda Whittington Sells $213K of Stock
La-Z-Boy President and CEO Melinda Whittington sold over 5,000 shares, continuing a trend of insider transactions at the company.
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Melinda Whittington, President & CEO at La-Z-Boy Incorporated ($LZB), sold 5,096 shares at an average price of $41.85, worth about $213,267.60, 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
- Melinda Whittington sold 5,096 shares of La-Z-Boy for about $213,268 at a price of $41.85 on June 24, 2026.
- The stock is currently trading around $40.95, close to its 52-week high of $44.90, indicating strong market interest.
- Recent insider sales include Raphaell Richmond and Linz Terrence James, who also sold shares in late June 2026.
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Melinda Whittington, President and CEO of La-Z-Boy Incorporated, sold 5,096 shares on June 24, 2026, for about $213,268. She executed the sale at a price of $41.85 per share. This move comes amid a series of insider sales at the company, suggesting increased activity among executives.
Inside Melinda Whittington's Trade
Whittington's recent transaction adds to the growing list of insider sales at La-Z-Boy. With this sale, she now holds fewer shares, reflecting her actions during a time of transition in the company. The shares were sold as part of a broader trend seen among La-Z-Boy executives in recent weeks.
Other Institutional Activity in La-Z-Boy
Several institutional investors have also been active with La-Z-Boy shares. Blackrock Inc. raised its holdings by 196,514 shares, ending with a total of 6,618,524 shares valued at about $197.6 million. Vanguard Portfolio Management LLC increased its shares by 259,707 to reach 2,999,232 shares worth approximately $89.6 million. Additionally, American Century Companies Inc. boosted its stake by 206,021 shares, totaling 1,835,932 shares valued at around $54.8 million.
La-Z-Boy Incorporated Stock Up 37.2%
La-Z-Boy shares are currently trading at about $40.95. This price is close to its 52-week high of $44.90, reflecting strong performance in the market. The stock has seen significant movement lately, with a previous close of $29.84, indicating a positive trend.
Recent Earnings
In its latest earnings report, La-Z-Boy posted revenue of $2.11 billion with a net margin of 3.86%. The company is scheduled to announce its next earnings on November 17, 2026, which may shed more light on its performance amid recent sales activity.
Dividend
La-Z-Boy pays an annual dividend of $0.97 per share, which translates to a yield of 3.24%. The company has a payout ratio of 48.02%, indicating a balanced approach to returning value to shareholders.
Insider Buying and Selling at La-Z-Boy Incorporated
In addition to Whittington's sale, other insiders have been active as well. Raphaell Richmond, VP and Chief Compliance Officer, sold 608 shares at $40.95, valued at about $24,898 on June 26, 2026. Linz Terrence James, President of Wholesale Brands, sold 661 shares for approximately $27,068 on the same day. Richmond made another significant sale on June 29, disposing of 13,671 shares for around $544,516.
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. The current consensus suggests analyst confidence in the stock remains steady despite recent adjustments.
About La-Z-Boy
La-Z-Boy Incorporated, based in Monroe, MI, manufactures and sells upholstered furniture products. The company operates in both wholesale and retail segments, catering to customers in the U.S. and internationally. The recent insider trades may signal significant shifts within the company as it navigates market conditions.
Bottom Line
Investors should keep an eye on La-Z-Boy's upcoming earnings announcement and any future insider transactions. The recent activity highlights the dynamic environment within the company, and the 13F filings will continue to provide insights into institutional holdings.
Related Filing Alerts
Source: Melinda Whittington'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