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$25.12 and traded as high as C$29.41. Leon’s Furniture shares last traded at C$28.90, with a volume of 19,738 shares changing hands.
Analysts Set New Price Targets
LNF has been the topic of several analyst reports. Stifel Nicolaus set a C$30.00 target price on shares of Leon’s Furniture and gave the stock a “hold” rating in a report on Wednesday. Stifel Canada raised shares of Leon’s Furniture to a “hold” rating in a research note on Tuesday. Finally, Acumen Capital set a C$34.00 target price on shares of Leon’s Furniture and gave the company a “buy” rating in a research note on Wednesday, August 21st.
Read Our Latest Analysis on LNF
Leon’s Furniture Stock Up 0.4 %
Leon’s Furniture (TSE:LNF – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.44 EPS for the quarter. Leon’s Furniture had a net margin of 5.84% and a return on equity of 14.68%. The firm had revenue of C$617.66 million for the quarter. Equities research analysts forecast that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.
Leon’s Furniture Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.88%. This is a positive change from Leon’s Furniture’s previous quarterly dividend of $0.18. Leon’s Furniture’s dividend payout ratio (DPR) is currently 37.38%.
Insiders Place Their Bets
In other news, Senior Officer John Andrew Cooney sold 3,800 shares of Leon’s Furniture stock in a transaction on Tuesday, August 27th. The stock was 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.
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.
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