Leon’s Furniture Limited (TSE:LNF – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$24.50 and traded as high as C$29.16. Leon’s Furniture shares last traded at C$29.07, with a volume of 39,649 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Acumen Capital set a C$34.00 target price on Leon’s Furniture and gave the stock a “buy” rating in a research report on Wednesday, August 21st.
View Our Latest Analysis on Leon’s Furniture
Leon’s Furniture Stock Performance
Leon’s Furniture (TSE:LNF – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.44 earnings per share (EPS) for the quarter. Leon’s Furniture had a return on equity of 14.68% and a net margin of 5.84%. The firm had revenue of C$617.66 million during the quarter. On average, research analysts predict that Leon’s Furniture Limited will post 2.2103321 earnings per share for the current year.
Leon’s Furniture Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 9th will be given a dividend of $0.20 per share. This is an increase from Leon’s Furniture’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.75%. Leon’s Furniture’s dividend payout ratio is presently 37.38%.
Insider Activity
In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 3,800 shares of the 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. Insiders own 69.49% of the company’s stock.
About Leon’s Furniture
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.
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