Rep. Josh Gottheimer Sells Off Shares of La-Z-Boy Incorporated (NYSE:LZB)

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):

• Purchased $1,001 – $15,000 in shares of Fabrinet (NYSE:FN) on 3/24/2026.
• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 3/24/2026.
• Sold $1,001 – $15,000 in shares of ENN Energy (OTCMKTS:XNGSY) on 3/24/2026.
• Sold $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) 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 Alcon (NYSE:ALC) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of Intapp (NASDAQ:INTA) 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 Phreesia (NYSE:PHR) on 3/5/2026.

La-Z-Boy Stock Performance

Shares of La-Z-Boy stock traded up $0.23 on Monday, reaching $34.01. 165,183 shares of the company’s stock were exchanged, compared to its average volume of 422,969. The company has a market capitalization of $1.39 billion, a P/E ratio of 16.80 and a beta of 1.28. La-Z-Boy Incorporated has a 52 week low of $29.03 and a 52 week high of $44.49. The firm’s 50-day moving average is $34.74 and its two-hundred day moving average is $35.45.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. The company had revenue of $541.59 million during the quarter, compared to analyst estimates of $535.47 million. La-Z-Boy had a return on equity of 10.79% and a net margin of 3.93%.The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. On average, analysts expect that La-Z-Boy Incorporated will post 2.99 EPS for the current fiscal year.

La-Z-Boy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Tuesday, March 3rd were issued a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, March 3rd. La-Z-Boy’s dividend payout ratio is presently 47.52%.

Insider Activity

In other news, SVP Michael Adam Leggett sold 2,200 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $37.00, for a total value 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 represents a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LZB shares. Needham & Company LLC reiterated a “buy” rating on shares of La-Z-Boy in a research report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of La-Z-Boy in a research note on Monday, December 22nd. Wall Street Zen raised La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Zacks Research cut La-Z-Boy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of La-Z-Boy in a research note on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.50.

Institutional Trading of La-Z-Boy

Several institutional investors have recently made changes to their positions in LZB. Osaic Holdings Inc. raised its position in La-Z-Boy by 3.5% during the 2nd quarter. Osaic Holdings Inc. now owns 9,258 shares of the company’s stock valued at $344,000 after purchasing an additional 310 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of La-Z-Boy by 75.2% in the third quarter. Smartleaf Asset Management LLC now owns 755 shares of the company’s stock worth $26,000 after buying an additional 324 shares during the last quarter. Raymond James Financial Inc. raised its holdings in La-Z-Boy by 2.3% in the 3rd quarter. Raymond James Financial Inc. now owns 14,703 shares of the company’s stock worth $505,000 after purchasing an additional 336 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of La-Z-Boy by 0.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 110,619 shares of the company’s stock valued at $4,126,000 after purchasing an additional 363 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in shares of La-Z-Boy by 1.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 20,666 shares of the company’s stock valued at $770,000 after purchasing an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.

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.

About La-Z-Boy

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.