La-Z-Boy President Sells 5,000 Shares
Key Points
The transaction on Sept. 10, 2026, totaled $154,250 based on the weighted average execution price.
Traded shares equal 8% of the stake held by the insider before the filing.
The disposal was executed directly, leaving the insider with 59,297 shares in direct equity holdings.
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Robert Sundy II, President, Retail at La-Z-Boy (NYSE:LZB), sold 5,000 shares at $30.85 per share on Sept. 10, 2026, according to a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $154,250 |
| Shares sold (directly held) | 5,000 |
| Post-transaction shares (directly held) | 59,297 |
| Post-transaction value | $1.8 million |
Transaction value based on SEC Form 4 weighted average sale price ($30.85); post-transaction value based on Sept. 10, 2026, market close ($30.86).
Key questions
- What was the price range for this execution?
The shares were sold in multiple transactions at prices ranging from $30.84 to $30.87 per share. - What is the company's current scale in the furnishings industry?
Headquartered in Monroe, Michigan, La-Z-Boy operates across the United States and Canada with trailing-twelve-month revenue of $2.1 billion. - What is the aggregate insider ownership in the company?
Following this transaction, total insider ownership across the company is approximately 0.1% as of the Sept. 14, 2026, market close.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-14) | $30.97 |
| Market Capitalization | $1.2 billion |
| Revenue (TTM) | $2.1 billion |
| Net Income (TTM) | $81.5 million |
Company Snapshot
- La-Z-Boy manufactures, markets, and distributes upholstered furniture, case goods, and related accessories across residential and commercial markets, generating revenue through direct manufacturing, wholesale distribution, and company-operated retail channels.
- The company operates an integrated business model encompassing product design and manufacturing, wholesale distribution to independent retailers and major furniture chains, and a proprietary retail network of La-Z-Boy-branded stores that capture end-consumer demand.
- The company serves residential consumers seeking quality upholstered furniture and home furnishings, as well as commercial clients, with primary market presence across the United States and Canada.
La-Z-Boy is a leading manufacturer and retailer of upholstered furniture with a market capitalization of $1.2 billion and TTM revenue of $2.1 billion. Founded in 1927 and headquartered in Monroe, Michigan, the company maintains a diversified distribution strategy combining wholesale operations with a substantial company-owned retail footprint. The organization leverages its established brand heritage and vertically integrated operations to maintain its competitive position in the fragmented furniture industry.
What this transaction means for investors
On Sept. 10, Sundy sold 5,000 shares in a transaction valued at approximately $154,000. On the surface, it may sound worrisome that an insider is selling shares, given that the LZB stock price is down 12.7% over the past 12 months. In comparison, over the same period, the S&P 500 is up 15.3%. That said, upon further review of the transaction, this appears to be a routine sale. The reason is the number of shares sold and the number of shares Sundy still holds. While the insider sold 5,000 shares, he still holds 59,297 shares. That shows continued alignment with the company's success, so this transaction was likely just Sundy cashing in some of his stock.
While the stock doesn't receive much analyst attention, the two analysts who do cover it have bullish price targets, according to CNN. One analyst has a one-year price target of $42, representing a potential gain of 40.7% from today's price of $29.84. The other analyst has a price target of $40, still representing a gain of 34%.
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Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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