Stifel Nicolaus set a C$30.00 target price on Leon’s Furniture (TSE:LNF – Free Report) 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.
Read Our Latest Stock Report on LNF
Leon’s Furniture Price Performance
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 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.
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