Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of La-Z-Boy Incorporated NYSE: LZB. In a filing disclosed on April 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in La-Z-Boy stock on March 12th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.
Representative Josh Gottheimer also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of ENN Energy OTCMKTS: XNGSY on 3/24/2026.
- Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 3/24/2026.
- Purchased $1,001 - $15,000 in shares of Fabrinet NYSE: FN on 3/24/2026.
- Sold $1,001 - $15,000 in shares of Intapp NASDAQ: INTA on 3/12/2026.
- Sold $1,001 - $15,000 in shares of Alcon NYSE: ALC on 3/12/2026.
- Sold $1,001 - $15,000 in shares of HDFC Bank NYSE: HDB on 3/12/2026.
- Sold $1,001 - $15,000 in shares of Infineon Technologies OTCMKTS: IFNNY on 3/12/2026.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/10/2026.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 3/6/2026.
- Sold $1,001 - $15,000 in shares of Columbia Banking System NASDAQ: COLB on 3/5/2026.
La-Z-Boy Price Performance
La-Z-Boy stock opened at $33.21 on Friday. The firm has a 50-day moving average of $34.79 and a 200-day moving average of $35.44. La-Z-Boy Incorporated has a one year low of $29.03 and a one year high of $44.49. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 16.44 and a beta of 1.28.
La-Z-Boy (NYSE:LZB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.02. La-Z-Boy had a net margin of 3.93% and a return on equity of 10.79%. The company had revenue of $541.59 million during the quarter, compared to the consensus estimate of $535.47 million. During the same period in the prior year, the business posted $0.68 EPS. The company's quarterly revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts expect that La-Z-Boy Incorporated will post 2.99 earnings per share for the current year.
La-Z-Boy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd were paid a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, March 3rd. La-Z-Boy's dividend payout ratio is currently 47.52%.
Insider Transactions at La-Z-Boy
In other La-Z-Boy news, SVP Michael Adam Leggett sold 2,200 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $37.00, for a total transaction of $81,400.00. Following the completion of the sale, the senior vice president directly owned 42,473 shares in the company, valued at $1,571,501. This trade represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.66% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on LZB shares. Weiss Ratings restated a "hold (c)" rating on shares of La-Z-Boy in a research note on Monday, December 22nd. Zacks Research downgraded shares of La-Z-Boy from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. Needham & Company LLC restated a "buy" rating on shares of La-Z-Boy in a research note on Wednesday, December 17th. KeyCorp restated an "overweight" rating on shares of La-Z-Boy in a research note on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of La-Z-Boy from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $42.50.
View Our Latest Stock Analysis on La-Z-Boy
Institutional Investors Weigh In On La-Z-Boy
Several hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its stake in La-Z-Boy by 159.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the company's stock valued at $43,000 after purchasing an additional 713 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in La-Z-Boy by 112.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,510 shares of the company's stock worth $56,000 after acquiring an additional 798 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in La-Z-Boy during the fourth quarter worth approximately $4,554,000. Vident Advisory LLC acquired a new stake in La-Z-Boy during the fourth quarter worth approximately $565,000. Finally, State of Tennessee Department of Treasury lifted its position in La-Z-Boy by 11.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 26,240 shares of the company's stock worth $955,000 after acquiring an additional 2,653 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors and hedge funds.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.
Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election.
Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.
Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
La-Z-Boy Company Profile
(
Get Free Report)
La-Z-Boy Incorporated NYSE: LZB is a leading U.S. manufacturer and marketer of residential furniture, best known for its upholstered recliners, sofas, stationary chairs and sleeper sofas. The company offers a broad range of products in both fabric and leather, complemented by occasional tables, desks, lamps and other home furnishings through its branded retail network.
Founded in 1927 by cousins Edward Knabusch and Edwin Shoemaker in Monroe, Michigan, La-Z-Boy pioneered the modern reclining chair.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider La-Z-Boy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and La-Z-Boy wasn't on the list.
While La-Z-Boy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link to learn more about using beta to protect your portfolio.
Get This Free Report
