Leon’s Furniture (TSE:LNF) Shares Pass Above 200-Day Moving Average of $19.85

Leon’s Furniture Limited (TSE:LNF) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.85 and traded as high as C$21.50. Leon’s Furniture shares last traded at C$21.11, with a volume of 20,941 shares traded.

Analyst Ratings Changes

Separately, BMO Capital Markets upped 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 Stock Performance

The company has a market cap of C$1.44 billion, a P/E ratio of 10.45 and a beta of 0.76. The company has a 50 day moving average price of C$21.88 and a 200-day moving average price of C$19.85. The company has a quick ratio of 0.53, a current ratio of 1.34 and a debt-to-equity ratio of 44.13.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.72 earnings per share (EPS) 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 during the quarter. Equities analysts expect that Leon’s Furniture Limited will post 2.0611111 EPS for the current fiscal year.

Leon’s Furniture Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Friday, March 8th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 3.41%. Leon’s Furniture’s payout ratio is 35.64%.

Insider Transactions at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 10,000 shares of the firm’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. Company 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.