Leon’s Furniture (TSE:LNF) Shares Cross Above 200 Day Moving Average of $21.20

Posted by Samantha Reynolds on Jun 27th, 2024

Leon’s Furniture Limited (TSE:LNF – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$21.20 and traded as high as C$22.21. Leon’s Furniture shares last traded at C$21.72, with a volume of 9,297 shares.

Analysts Set New Price Targets

Separately, BMO Capital Markets raised their target price on Leon’s Furniture from C$23.00 to C$24.00 in a report on Thursday, May 9th.

Check Out Our Latest Analysis on Leon’s Furniture

Leon’s Furniture Trading Up 2.0 %

The company has a debt-to-equity ratio of 44.31, a quick ratio of 0.53 and a current ratio of 1.41. The company’s 50 day moving average is C$22.11 and its 200 day moving average is C$21.20. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 10.60 and a beta of 0.75.

Leon’s Furniture (TSE:LNF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.24 EPS for the quarter. Leon’s Furniture had a net margin of 5.78% and a return on equity of 14.67%. The business had revenue of C$562.25 million during the quarter. On average, research analysts forecast that Leon’s Furniture Limited will post 2.0611111 EPS for the current fiscal year.

Leon’s Furniture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Monday, June 10th. Leon’s Furniture’s payout ratio is presently 34.29%.

About Leon’s Furniture

(Get Free Report)

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.