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.
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.
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