Leon’s Furniture (TSE:LNF) Director Purchases C$14,394.00 in Stock

Leon’s Furniture Limited (TSE:LNF) Director Edward Leon acquired 600 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of C$23.99 per share, for a total transaction of C$14,394.00. Following the completion of 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 ownership of the stock.

Leon’s Furniture Price Performance

Shares of Leon’s Furniture stock opened at C$24.39 on Friday. The stock’s 50-day simple moving average is C$25.92 and its 200-day simple moving average is C$27.52. Leon’s Furniture Limited has a 52 week low of C$23.92 and a 52 week high of C$30.80. The company has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 10.84 and a beta of 0.93. 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 (TSE:LNF) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. Leon’s Furniture had a return on equity of 12.69% and a net margin of 6.06%.The business had revenue of C$557.15 million for the quarter. As a group, analysts expect that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, National Bank Financial boosted their price objective on 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Leon’s Furniture currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.00.

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.