Leon’s Furniture (TSE:LNF) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Leon’s Furniture Limited (TSE:LNF) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$28.69 and traded as high as C$28.70. Leon’s Furniture shares last traded at C$28.21, with a volume of 4,839 shares changing hands.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce upped their price target on shares of Leon’s Furniture from C$31.00 to C$32.00 in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.80.

Leon’s Furniture Stock Performance

The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of 11.15 and a beta of 0.94. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14. The firm has a fifty day simple moving average of C$28.36 and a 200 day simple moving average of C$28.69.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.65 EPS for the quarter. The company 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, sell-side analysts expect that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Insider Activity at Leon’s Furniture

In related news, insider John Andrew Cooney sold 2,200 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly 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. Insiders own 69.49% of the company’s stock.

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.