Key Points
- Insider buying: Lewis Mark Leon purchased 1,500 shares of Leon’s Furniture at an average price of C$24.40, bringing his total holdings to 116,026 shares. The transaction was worth C$36,600 and increased his position by 1.31%.
- Stock weakness: Leon’s Furniture shares were down 3.2% and opened at C$23.99, near the stock’s 12-month low of C$23.92. The stock is also trading below its 50-day and 200-day moving averages.
- Analyst outlook: National Bank Financial raised its price target to C$36.00 and maintained an outperform rating. Overall, analysts view the stock as a Moderate Buy with an average price target of C$33.00.
Leon's Furniture Limited (TSE:LNF - Get Free Report) insider Melanie Henderson purchased 420 shares of the firm's stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of C$24.67 per share, for a total transaction of C$10,361.40. Following the purchase, the insider owned 420 shares of the company's stock, valued at C$10,361.40. This represents a ∞ increase in their ownership of the stock.
Leon's Furniture Price Performance
Leon's Furniture stock opened at C$23.99 on Thursday. The company has a market cap of C$1.65 billion, a price-to-earnings ratio of 10.66 and a beta of 0.93. The firm's fifty day moving average is C$26.05 and its 200 day moving average is C$27.57. The company has a quick ratio of 0.53, a current ratio of 1.53 and a debt-to-equity ratio of 38.77. Leon's Furniture Limited has a 52-week low of C$23.92 and a 52-week high of C$30.80.
Leon's Furniture (TSE:LNF - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 earnings per share for the quarter. Leon's Furniture had a net margin of 6.06% and a return on equity of 12.69%. The business had revenue of C$557.15 million for the quarter. Sell-side analysts forecast that Leon's Furniture Limited will post 2.2104466 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial boosted their price objective on shares of Leon's Furniture from C$35.00 to C$36.00 and gave the company an "outperform" rating in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$33.00.
Get Our Latest Stock Analysis on LNF
Leon's Furniture Company Profile
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Get Free Report)
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.
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