Key Points
- Director Edward Leon bought 600 shares of Leon's Furniture at C$23.99 each, spending C$14,394 and increasing his direct stake to 48,983 shares.
- The stock was modestly higher, opening at C$24.15 and up 0.7% in Friday trading, while still sitting near its 1-year low of C$23.92.
- Analysts remain constructive on Leon's Furniture, with a consensus Moderate Buy rating and a target price of C$33.00 after National Bank Financial raised its target to C$36.00.
Leon's Furniture Limited (TSE:LNF - Get Free Report) Director Edward Leon purchased 600 shares of Leon's Furniture stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of C$23.99 per share, for a total transaction of C$14,394.00. Following the transaction, the director directly owned 48,983 shares of the company's stock, valued at approximately C$1,175,102.17. This represents a 1.24% increase in their position.
Leon's Furniture Stock Up 0.7%
Shares of LNF opened at C$24.15 on Friday. The stock has a market capitalization of C$1.66 billion, a PE ratio of 10.73 and a beta of 0.93. Leon's Furniture Limited has a 1 year low of C$23.92 and a 1 year high of C$30.80. The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.53 and a current ratio of 1.53. The company's 50-day simple moving average is C$25.98 and its 200-day simple moving average is C$27.54.
Leon's Furniture (TSE:LNF - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. The business had revenue of C$557.15 million for the quarter. Leon's Furniture had a net margin of 6.06% and a return on equity of 12.69%. Analysts forecast that Leon's Furniture Limited will post 2.2104466 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, National Bank Financial increased their price target on shares of Leon's Furniture from C$35.00 to C$36.00 and gave the stock 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 company. Based on data from MarketBeat.com, Leon's Furniture presently has a consensus rating of "Moderate Buy" and a consensus target price of C$33.00.
Read Our Latest Analysis on LNF
About Leon's Furniture
(
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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