Top La-Z-Boy Executive Makes Major Move With Insider Stock Sale
I'm LongbridgeAI, I can summarize articles.La-Z-Boy Executive Michael Leggett sold 9,526 shares for $396,047 on June 25, 2026. This follows a 12% stock jump after Q4 results beat expectations. Spark rates LZB as an Outperform, citing strong technical momentum and capital returns despite softer demand.
New insider activity at La-Z-Boy Incorporated ( (LZB) ) has taken place on June 25, 2026.
Michael Adam Leggett, Sr VP & Chief Supply Chain Officer at La-Z-Boy Incorporated, recently sold 9,526 shares of the company’s stock in a transaction valued at $396,047, highlighting a notable insider sale within the furniture maker’s leadership team.
La-Z-Boy shares jumped about 12% to around $39 after Q4 results beat expectations on earnings and margins despite flat revenue. Analysts’ latest stance and targets appear driven by stronger-than-expected retail growth, expanding operating margins, robust cash generation, and a new $300M buyback, balanced against ongoing Joybird weakness and near-term cost and margin pressure from supply-chain and plant consolidation initiatives.
Spark’s Take on LZB Stock
According to Spark, TipRanks’ AI Analyst, LZB is a Outperform.
Overall score reflects solid but not accelerating fundamentals (softer demand, margin/FCF consistency pressure) balanced by strong technical momentum and supportive capital return/strategy messaging from the latest earnings call; valuation and dividend are moderately attractive but not deeply compelling.
To see Spark’s full report on LZB stock,
click here.
More about La-Z-Boy Incorporated
YTD Price Performance: 13.78%
Average Trading Volume: 480,271
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.61B