Leon’s Furniture (TSE:LNF) Stock Passes Above 200-Day Moving Average of $19.08

Leon’s Furniture Limited (TSE:LNFGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.08 and traded as high as C$21.53. Leon’s Furniture shares last traded at C$21.19, with a volume of 17,535 shares.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reduced their target price on Leon’s Furniture from C$24.00 to C$21.00 in a report on Friday, November 10th.

Check Out Our Latest Report on Leon’s Furniture

Leon’s Furniture Price Performance

The company has a market cap of C$1.44 billion, a price-to-earnings ratio of 10.65 and a beta of 0.69. The company has a debt-to-equity ratio of 50.88, a quick ratio of 0.53 and a current ratio of 1.39. The company has a 50-day simple moving average of C$18.93 and a 200-day simple moving average of C$19.08.

Leon’s Furniture (TSE:LNFGet Free Report) last released its quarterly earnings results on Wednesday, November 8th. The company reported C$0.75 earnings per share for the quarter. Leon’s Furniture had a return on equity of 14.38% and a net margin of 5.59%. The business had revenue of C$661.00 million for the quarter. As a group, research analysts predict that Leon’s Furniture Limited will post 2.0611111 earnings per share for the current year.

Leon’s Furniture Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Friday, December 8th were issued a $0.18 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.72 dividend on an annualized basis and a yield of 3.40%. This is a boost from Leon’s Furniture’s previous quarterly dividend of $0.16. Leon’s Furniture’s dividend payout ratio (DPR) is presently 36.18%.

Insider Buying and Selling at Leon’s Furniture

In other news, Senior Officer John Andrew Cooney sold 5,000 shares of Leon’s Furniture stock in a transaction dated Monday, December 18th. The stock was sold at an average price of C$18.58, for a total transaction of C$92,909.50. 69.63% of the stock is currently owned by corporate insiders.

Leon’s Furniture Company Profile

(Get Free Report)

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. The company provides household furniture, electronics, and appliance installation and repair services; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.

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