Leon’s Furniture (TSE:LNF) Director Edward Leon Acquires 600 Shares

Leon’s Furniture Limited (TSE:LNF) Director Edward Leon bought 600 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of C$23.99 per share, for a total transaction of C$14,394.00. Following the transaction, the director directly owned 48,983 shares of the company’s stock, valued at C$1,175,102.17. The trade was a 1.24% increase in their ownership of the stock.

Leon’s Furniture Trading Up 0.7%

TSE LNF opened at C$24.15 on Friday. The firm’s 50-day moving average is C$25.98 and its two-hundred day moving average is C$27.54. 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 debt-to-equity ratio of 38.77, a current ratio of 1.53 and a quick ratio of 0.53. The stock has a market capitalization of C$1.66 billion, a P/E ratio of 10.73 and a beta of 0.93.

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

Wall Street Analyst Weigh In

Separately, National Bank Financial upped their target price 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.00.

Leon’s Furniture Company Profile

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.