Insider Buying: Leon’s Furniture (TSE:LNF) Insider Purchases 1,500 Shares of Stock

Leon’s Furniture Limited (TSE:LNF) insider Darci Marie Walker purchased 1,500 shares of the stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the transaction, the insider owned 2,500 shares of the company’s stock, valued at approximately C$60,000. This trade represents a 150.00% increase in their ownership of the stock.

Leon’s Furniture Trading Down 0.4%

Shares of LNF traded down C$0.10 during midday trading on Tuesday, hitting C$24.29. 21,484 shares of the stock were exchanged, compared to its average volume of 21,295. Leon’s Furniture Limited has a 52-week low of C$23.92 and a 52-week high of C$30.80. The stock has a fifty day simple moving average of C$25.86 and a 200 day simple moving average of C$27.48. The firm has a market cap of C$1.67 billion, a P/E ratio of 10.80 and a beta of 0.93. The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.53 and a current ratio of 1.53.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. Leon’s Furniture had a return on equity of 12.69% and a net margin of 6.06%.The business had revenue of C$557.15 million during the quarter. On average, research analysts anticipate that Leon’s Furniture Limited will post 2.2104466 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, National Bank Financial raised their price target on Leon’s Furniture from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.00.

Leon’s Furniture Company Profile

Leon’s Furniture Ltd is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country’s commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores.