Insider Buying: Leon’s Furniture (TSE:LNF) Insider Acquires C$36,600.00 in Stock

Leon’s Furniture Limited (TSE:LNF) insider Lewis Mark Leon purchased 1,500 shares of Leon’s Furniture stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of C$24.40 per share, for a total transaction of C$36,600.00. Following the acquisition, the insider directly owned 116,026 shares of the company’s stock, valued at approximately C$2,831,034.40. This represents a 1.31% increase in their ownership of the stock.

Leon’s Furniture Stock Up 1.0%

Shares of TSE LNF opened at C$24.39 on Friday. Leon’s Furniture Limited has a 12-month low of C$23.92 and a 12-month high of C$30.80. The company has a market capitalization of C$1.68 billion, a PE ratio of 10.84 and a beta of 0.93. The company has a debt-to-equity ratio of 38.77, a current ratio of 1.53 and a quick ratio of 0.53. The firm’s 50-day moving average is C$25.92 and its two-hundred day moving average is C$27.52.

Leon’s Furniture (TSE:LNF) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. The company had revenue of C$557.15 million for the quarter. Leon’s Furniture had a net margin of 6.06% and a return on equity of 12.69%. Equities analysts anticipate that Leon’s Furniture Limited will post 2.2104466 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial boosted their price objective on shares of Leon’s Furniture from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$33.00.

About Leon’s Furniture

Leon’s Furniture Ltd is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country’s commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores.