Leon’s Furniture (TSE:LNF) PT Set at C$29.00 by CIBC

CIBC set a C$29.00 price target on Leon’s Furniture (TSE:LNF) in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

LNF has been the subject of several other research reports. Acumen Capital set a C$34.00 price target on shares of Leon’s Furniture and gave the company a “buy” rating in a research note on Wednesday, August 21st. Stifel Canada upgraded Leon’s Furniture to a “hold” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus set a C$30.00 target price on Leon’s Furniture and gave the stock a “hold” rating in a report on Wednesday, October 23rd.

Leon’s Furniture Stock Down 1.1 %

Shares of TSE:LNF opened at C$26.05 on Tuesday. The firm has a market capitalization of C$1.78 billion, a PE ratio of 12.17 and a beta of 0.82. The business has a 50 day simple moving average of C$27.48 and a two-hundred day simple moving average of C$26.44. Leon’s Furniture has a 1 year low of C$18.12 and a 1 year high of C$30.64. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53.

Leon’s Furniture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Monday, December 9th. Leon’s Furniture’s dividend payout ratio (DPR) is currently 37.38%.

Insider Buying and Selling at Leon’s Furniture

In other news, Senior Officer John Andrew Cooney sold 7,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$26.15, for a total transaction of C$183,043.70. 69.49% of the stock is owned by 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.