Leon’s Furniture (TSE:LNF) Stock Price Crosses Above Two Hundred Day Moving Average of $15.04

Shares of Leon’s Furniture Ltd. (TSE:LNF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.04 and traded as high as $15.82. Leon’s Furniture shares last traded at $15.70, with a volume of 5,563 shares trading hands.

Several research firms have recently commented on LNF. CIBC upped their price objective on shares of Leon’s Furniture from C$17.00 to C$18.00 in a report on Friday, August 16th. BMO Capital Markets upped their price objective on shares of Leon’s Furniture from C$17.00 to C$18.00 in a report on Friday, August 16th. Finally, Desjardins upped their price objective on shares of Leon’s Furniture from C$20.00 to C$21.00 in a report on Thursday, August 15th.

The firm’s fifty day moving average price is C$15.42 and its 200 day moving average price is C$15.04. The firm has a market capitalization of $1.22 billion and a PE ratio of 12.13. The company has a current ratio of 1.25, a quick ratio of 0.52 and a debt-to-equity ratio of 68.74.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings data on Wednesday, August 14th. The company reported C$0.30 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.07. The business had revenue of C$560.87 million during the quarter. On average, analysts predict that Leon’s Furniture Ltd. will post 1.3099999 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Friday, September 6th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, September 5th. Leon’s Furniture’s dividend payout ratio (DPR) is currently 43.24%.

In related news, insider Antomel Limited sold 1,535,472 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$15.25, for a total transaction of C$23,415,948.00. Following the sale, the insider now directly owns 10,548,572 shares of the company’s stock, valued at C$160,865,723.

Leon’s Furniture Company Profile (TSE:LNF)

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. The company also operates as a commercial retailer of appliances to builders, developers, hotels, and property management companies. It also offers household furniture, electronics, and appliance repair services; and insurance products.

Read More: Capital gains and your 401(k) or IRA

Receive News & Ratings for Leon's Furniture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leon's Furniture and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit