Leon's Furniture (TSE:LNF) Share Price Crosses Above 200 Day Moving Average of $24.25

Leon's Furniture Limited (TSE:LNF - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$24.25 and traded as high as C$30.25. Leon's Furniture shares last traded at C$30.00, with a volume of 36,594 shares.

Wall Street Analyst Weigh In

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

Leon's Furniture Stock Down 0.2 %

The firm has a fifty day moving average price of C$27.99 and a 200 day moving average price of C$24.29. The company has a quick ratio of 0.53, a current ratio of 1.42 and a debt-to-equity ratio of 41.88. The company has a market cap of C$2.04 billion, a P/E ratio of 14.00 and a beta of 0.82.

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

Leon's Furniture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 9th will be issued a $0.20 dividend. This is a positive change from Leon's Furniture's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Monday, September 9th. Leon's Furniture's dividend payout ratio is currently 37.38%.

Insiders Place Their Bets

In related news, Senior Officer John Andrew Cooney sold 3,800 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$30.00, for a total value 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.