Stifel Nicolaus Analysts Give Leon’s Furniture (TSE:LNF) a C$30.00 Price Target

Stifel Nicolaus set a C$30.00 target price on Leon’s Furniture (TSE:LNF) in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

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 research report on Wednesday, August 21st.

Leon’s Furniture Price Performance

LNF stock opened at C$27.96 on Wednesday. The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 13.07 and a beta of 0.82. The company has a quick ratio of 0.53, a current ratio of 1.42 and a debt-to-equity ratio of 41.88. Leon’s Furniture has a 52-week low of C$16.46 and a 52-week high of C$30.64. The stock’s fifty day simple moving average is C$29.25 and its 200-day simple moving average is C$25.20.

Leon’s Furniture (TSE:LNF) last released its earnings results 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 return on equity of 14.68% and a net margin of 5.84%. Equities research analysts expect that Leon’s Furniture will post 2.2104466 EPS for the current year.

Leon’s Furniture Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 9th were issued a $0.20 dividend. This is a positive change from Leon’s Furniture’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 2.86%. Leon’s Furniture’s dividend payout ratio (DPR) is presently 37.38%.

Insider Buying and Selling at Leon’s Furniture

In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 3,800 shares of the stock in a transaction on 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 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.