Leon’s Furniture Ltd. (TSE:LNF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.04 and traded as high as $15.82. Leon’s Furniture shares last traded at $15.70, with a volume of 5,563 shares changing hands.
A number of brokerages have recently commented on LNF. CIBC increased their target price on shares of Leon’s Furniture from C$17.00 to C$18.00 in a research report on Friday, August 16th. Desjardins increased their target price on shares of Leon’s Furniture from C$20.00 to C$21.00 in a research report on Thursday, August 15th. Finally, BMO Capital Markets increased their target price on shares of Leon’s Furniture from C$17.00 to C$18.00 in a research report on Friday, August 16th.
The stock has a market capitalization of $1.22 billion and a price-to-earnings ratio of 12.13. The company’s 50-day moving average is C$15.42 and its 200-day moving average is C$15.04. The company has a quick ratio of 0.52, a current ratio of 1.25 and a debt-to-equity ratio of 68.74.
Leon’s Furniture (TSE:LNF) last released its quarterly earnings data on Wednesday, August 14th. The company reported C$0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.23 by C$0.07. The firm had revenue of C$560.87 million for the quarter. Sell-side analysts anticipate that Leon’s Furniture Ltd. will post 1.3099999 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Friday, September 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.56%. The ex-dividend date is Thursday, September 5th. Leon’s Furniture’s payout ratio is currently 43.24%.
In related news, insider Antomel Limited sold 1,535,472 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$15.25, for a total transaction of C$23,415,948.00. Following the completion of the sale, the insider now directly owns 10,548,572 shares in the company, valued at C$160,865,723.
About Leon’s Furniture (TSE:LNF)
Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. The company also operates as a commercial retailer of appliances to builders, developers, hotels, and property management companies. It also offers household furniture, electronics, and appliance repair services; and insurance products.
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