Stifel Canada upgraded shares of Leon’s Furniture (TSE:LNF – Free Report) to a hold rating in a research note published on Tuesday, Zacks.com reports.
A number of other brokerages have also issued reports on LNF. Acumen Capital set a C$34.00 price target on Leon’s Furniture and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Stifel Nicolaus set a C$30.00 price target on Leon’s Furniture and gave the stock a “hold” rating in a research note on Wednesday.
Read Our Latest Stock Report on LNF
Leon’s Furniture Stock Up 0.4 %
Leon’s Furniture (TSE:LNF – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.44 earnings per share for the quarter. The business had revenue of C$617.66 million for the quarter. Leon’s Furniture had a return on equity of 14.68% and a net margin of 5.84%. Equities analysts forecast that Leon’s Furniture will post 2.2104466 earnings per share for the current fiscal year.
Leon’s Furniture Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. This is a positive change from Leon’s Furniture’s previous quarterly dividend of $0.18. Leon’s Furniture’s payout ratio is 37.38%.
Insiders Place Their Bets
In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 3,800 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$30.00, for a total transaction of C$114,000.00. 69.49% of the stock is currently owned by corporate insiders.
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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