John Andrew Cooney Sells 2,200 Shares of Leon’s Furniture (TSE:LNF) Stock

Leon’s Furniture Limited (TSE:LNF) insider John Andrew Cooney sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of C$28.00, for a total value of C$61,600.00. Following the transaction, the insider owned 52,274 shares of the company’s stock, valued at approximately C$1,463,672. This trade represents a 4.04% decrease in their ownership of the stock.

Leon’s Furniture Stock Performance

Leon’s Furniture stock opened at C$28.00 on Friday. Leon’s Furniture Limited has a 12-month low of C$20.51 and a 12-month high of C$30.80. The firm has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 11.07 and a beta of 0.86. The firm has a 50 day moving average of C$28.54 and a 200 day moving average of C$28.52. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14.

Leon’s Furniture (TSE:LNF) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.65 earnings per share for the quarter. The business had revenue of C$678.63 million during the quarter. Leon’s Furniture had a net margin of 5.24% and a return on equity of 12.54%. As a group, research analysts predict that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, CIBC boosted their price objective on Leon’s Furniture from C$31.00 to C$32.00 in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$32.80.

Leon’s Furniture Company Profile

Leon’s Furniture Ltd is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country’s commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores.