Leon’s Furniture (TSE:LNF) Shares Cross Above 200 Day Moving Average – What’s Next?

Leon’s Furniture Limited (TSE:LNF) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$24.83 and traded as high as C$29.79. Leon’s Furniture shares last traded at C$29.20, with a volume of 13,200 shares traded.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital set a C$34.00 target price on shares of Leon’s Furniture and gave the stock a “buy” rating in a report on Wednesday, August 21st.

Leon’s Furniture Price Performance

The company has a quick ratio of 0.53, a current ratio of 1.42 and a debt-to-equity ratio of 41.88. The company has a market capitalization of C$1.99 billion, a P/E ratio of 13.64 and a beta of 0.82. The business has a 50 day simple moving average of C$28.87 and a 200-day simple moving average of C$24.83.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.44 earnings per share for the quarter. The firm had revenue of C$617.66 million for the quarter. Leon’s Furniture had a net margin of 5.84% and a return on equity of 14.68%. Analysts predict that Leon’s Furniture Limited will post 2.2104466 EPS for the current fiscal year.

Leon’s Furniture Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Monday, September 9th. This is a boost from Leon’s Furniture’s previous quarterly dividend of $0.18. Leon’s Furniture’s payout ratio is 37.38%.

Insider Buying and Selling at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 3,800 shares of Leon’s Furniture stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$30.00, for a total transaction of C$114,000.00. 69.49% of the stock is owned by company insiders.

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.