Leon’s Furniture (TSE:LNF) Share Price Passes Above Two Hundred Day Moving Average of $19.97

Leon’s Furniture Limited (TSE:LNF) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$19.97 and traded as high as C$22.87. Leon’s Furniture shares last traded at C$22.71, with a volume of 13,184 shares.

Analysts Set New Price Targets

Separately, BMO Capital Markets raised their price objective on Leon’s Furniture from C$21.00 to C$23.00 in a research note on Monday, February 26th.

Leon’s Furniture Trading Up 0.3 %

The firm has a market capitalization of C$1.54 billion, a price-to-earnings ratio of 11.24 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.34 and a debt-to-equity ratio of 44.13. The business has a 50-day moving average of C$22.03 and a two-hundred day moving average of C$19.97.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.72 earnings per share for the quarter. Leon’s Furniture had a return on equity of 14.19% and a net margin of 5.66%. The company had revenue of C$686.90 million for the quarter. Research analysts predict that Leon’s Furniture Limited will post 2.0611111 EPS for the current fiscal year.

Leon’s Furniture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Friday, March 8th were 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 was Thursday, March 7th. Leon’s Furniture’s payout ratio is presently 35.64%.

Insiders Place Their Bets

In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$22.64, for a total transaction of C$226,399.00. Insiders own 69.64% of the company’s stock.

Leon’s Furniture Company Profile

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.