La-Z-Boy Inc
NYSE:LZB
During the last 3 months La-Z-Boy Inc insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 9% over this period (open performance analysis).
The last transaction was made on
Sep 5, 2024
by
Kerr Janet
(Chair of the Board)
, who
sold
159.1k USD
worth of LZB shares.
During the last 3 months La-Z-Boy Inc insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 9% over this period (open performance analysis).
The last transaction was made on
Sep 5, 2024
by
Kerr Janet
(Chair of the Board)
, who
sold
159.1k USD
worth of LZB shares.
La-Z-Boy Inc
Glance View
In the world of furniture, La-Z-Boy Inc. stands as a quintessential American brand, renowned for its recliners that have become synonymous with comfort and leisure. Founded in 1927 in Monroe, Michigan, the company carved a niche for itself with the invention of the iconic reclining chair. This innovation, designed to provide unparalleled relaxation, fueled the company’s early growth. Over the years, La-Z-Boy expanded its product line beyond the recliner, delving into sofas, loveseats, sectionals, and home furnishings to create cohesive living spaces. The company combines style with functionality, ensuring it meets the evolving tastes of customers while maintaining the ergonomic design principles it was built upon. This blend of tradition and innovation keeps La-Z-Boy relevant in a competitive furniture market. La-Z-Boy makes money primarily through retail sales in its proprietary stores, as well as via authorized dealers and e-commerce platforms. The business model revolves around a robust manufacturing and distribution system, spread across several facilities in North America with a few international partners. In recent years, the company has focused on vertically integrating its supply chain, which helps streamline operations and manage costs effectively. The retail network acts as a direct conduit to customers, ensuring brand consistency and allowing for an immersive shopping experience, whether online or in showrooms. Additionally, La-Z-Boy leverages strategic marketing and partnerships to enhance visibility and appeal to both traditional shoppers and younger demographics seeking fashionable yet functional furniture solutions.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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