Leon's Furniture (TSE:LNF) Upgraded by Stifel Canada to "Hold"

Stifel Canada upgraded shares of Leon's Furniture (TSE:LNF - Free Report) to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

Several other equities analysts have also recently issued reports on LNF. Acumen Capital set a C$34.00 price target on Leon's Furniture and gave the company a "buy" rating in a report on Wednesday, August 21st. Stifel Nicolaus set a C$30.00 target price on shares of Leon's Furniture and gave the company a "hold" rating in a research report on Wednesday.

Leon's Furniture Price Performance

Shares of LNF stock traded up C$0.12 during trading hours on Tuesday, reaching C$27.82. 19,006 shares of the company were exchanged, compared to its average volume of 18,558. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53. The company has a market cap of C$1.90 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82. The stock's fifty day moving average is C$29.22 and its two-hundred day moving average is C$25.18. 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 posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.44 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts forecast that Leon's Furniture will post 2.2104466 earnings per share for the current fiscal year.

Leon's Furniture Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 9th were given 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 dividend yield of 2.88%. The ex-dividend date was Monday, September 9th. Leon's Furniture's dividend payout ratio (DPR) is currently 37.38%.

Insider Buying and Selling

In other Leon's Furniture news, Senior Officer John Andrew Cooney sold 3,800 shares of the firm's stock in a transaction dated 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 owned by insiders.

About Leon's Furniture

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.