Leon's Furniture (TSE:LNF) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Leon's Furniture Limited (TSE:LNF - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$25.81 and traded as high as C$27.20. Leon's Furniture shares last traded at C$27.04, with a volume of 13,665 shares trading hands.

Analysts Set New Price Targets

LNF has been the topic of a number of recent research reports. Stifel Nicolaus set a C$30.00 price objective on shares of Leon's Furniture and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Stifel Canada raised Leon's Furniture to a "hold" rating in a research report on Tuesday, October 22nd. Finally, Acumen Capital set a C$34.00 target price on Leon's Furniture and gave the stock a "buy" rating in a research note on Wednesday, August 21st.

Leon's Furniture Trading Up 0.4 %

The firm has a market cap of C$1.85 billion, a P/E ratio of 12.69 and a beta of 0.82. The company has a debt-to-equity ratio of 41.88, a quick ratio of 0.53 and a current ratio of 1.42. The stock has a fifty day simple moving average of C$28.57 and a 200 day simple moving average of C$25.89.

Leon's Furniture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Monday, December 9th. Leon's Furniture's payout ratio is presently 37.38%.

Insider Buying and Selling at Leon's Furniture

In other news, Senior Officer John Andrew Cooney sold 3,800 shares of the firm's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$30.00, for a total transaction of C$114,000.00. Company insiders own 69.49% of the company's stock.

Leon's Furniture Company Profile

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.