Leon’s Furniture (TSE:LNF) Insider Melanie Henderson Purchases 420 Shares

Leon’s Furniture Limited (TSE:LNF) insider Melanie Henderson purchased 420 shares of Leon’s Furniture stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of C$24.67 per share, for a total transaction of C$10,361.40. Following the completion of the transaction, the insider directly owned 420 shares of the company’s stock, valued at approximately C$10,361.40. The trade was a ∞ increase in their ownership of the stock.

Leon’s Furniture Price Performance

TSE LNF traded down C$0.80 on Wednesday, reaching C$23.99. 63,094 shares of the company’s stock traded hands, compared to its average volume of 21,330. Leon’s Furniture Limited has a 12 month low of C$23.92 and a 12 month high of C$30.80. The company has a debt-to-equity ratio of 38.77, a current ratio of 1.53 and a quick ratio of 0.53. The stock has a 50-day simple moving average of C$26.05 and a 200 day simple moving average of C$27.57. The stock has a market cap of C$1.65 billion, a PE ratio of 10.66 and a beta of 0.93.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 EPS 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. As a group, research analysts predict that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Analysts Set New Price Targets

Separately, National Bank Financial raised 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 report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$33.00.

About Leon’s Furniture

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.