Acumen Capital Reiterates C$34.00 Price Target for Leon’s Furniture (TSE:LNF)

Acumen Capital set a C$34.00 price target on Leon’s Furniture (TSE:LNF) in a research note published on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, BMO Capital Markets raised their price target on shares of Leon’s Furniture from C$23.00 to C$24.00 in a research report on Thursday, May 9th.

Leon’s Furniture Stock Up 2.7 %

LNF stock opened at C$29.89 on Wednesday. Leon’s Furniture has a twelve month low of C$16.46 and a twelve month high of C$29.90. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 41.88. The company has a market capitalization of C$2.04 billion, a P/E ratio of 13.97 and a beta of 0.75. The firm has a 50 day simple moving average of C$24.73 and a 200-day simple moving average of C$22.90.

Leon’s Furniture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Monday, September 9th. This is an increase from Leon’s Furniture’s previous quarterly dividend of $0.18. Leon’s Furniture’s payout ratio is currently 37.38%.

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.