Leon's Furniture (TSE:LNF) Stock Price Passes Above 200 Day Moving Average of $23.94

Leon's Furniture Limited (TSE:LNF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$23.94 and traded as high as C$29.90. Leon's Furniture shares last traded at C$29.66, with a volume of 26,755 shares traded.

Analyst Ratings Changes

Separately, Acumen Capital set a C$34.00 target price on Leon's Furniture and gave the company a "buy" rating in a research note on Wednesday, August 21st.

Leon's Furniture Stock Up 0.6 %

The firm's 50 day simple moving average is C$27.16 and its 200-day simple moving average is C$23.98. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 41.88. The stock has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 13.95 and a beta of 0.82.

Leon's Furniture (TSE:LNF - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.44 earnings per share (EPS) for the quarter. The company had revenue of C$617.66 million for the quarter. Leon's Furniture had a return on equity of 14.68% and a net margin of 5.84%. Equities analysts expect that Leon's Furniture Limited will post 2.2099407 earnings per share for the current fiscal year.

Leon's Furniture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 9th will be paid a dividend of $0.20 per share. This is an increase from Leon's Furniture's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, September 9th. Leon's Furniture's payout ratio is currently 37.38%.

Insider Activity at Leon's Furniture

In other Leon's Furniture news, Senior Officer John Andrew Cooney sold 3,800 shares of Leon's Furniture 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. 69.49% of the stock is owned by company insiders.

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.