Stifel Nicolaus set a C$30.00 price objective on Leon's Furniture (TSE:LNF - Free Report) in a research report released on Wednesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
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.
View Our Latest Stock Analysis on LNF
Leon's Furniture Stock Performance
Leon's Furniture stock traded down C$1.20 during trading hours on Wednesday, hitting C$27.70. The stock had a trading volume of 41,736 shares, compared to its average volume of 18,556. The company has a 50-day moving average of C$29.18 and a two-hundred day moving average of C$25.12. 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$1.89 billion, a PE ratio of 13.01 and a beta of 0.82. Leon's Furniture has a fifty-two week low of C$16.46 and a fifty-two week high of C$30.64.
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. Leon's Furniture had a net margin of 5.84% and a return on equity of 14.68%. The company had revenue of C$617.66 million during the quarter. On average, equities research analysts anticipate that Leon's Furniture will post 2.2104466 EPS for the current fiscal year.
Leon's Furniture Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.89%. This is a boost from Leon's Furniture's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, September 9th. Leon's Furniture's dividend payout ratio is currently 37.38%.
Insider Activity
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 stock was sold at an average price of C$30.00, for a total transaction of C$114,000.00. 69.49% of the stock is currently owned by corporate insiders.
Leon's Furniture Company Profile
(
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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.
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