Leon’s Furniture (TSE:LNF) Price Target Cut to C$25.50 by Analysts at Stifel Nicolaus

Leon’s Furniture (TSE:LNF) had its price objective dropped by equities researchers at Stifel Nicolaus from C$27.00 to C$25.50 in a report released on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 8.01% from the stock’s current price.

Leon’s Furniture Trading Down 0.0%

Leon’s Furniture stock traded down C$0.01 during mid-day trading on Monday, hitting C$23.61. The company’s stock had a trading volume of 27,664 shares, compared to its average volume of 23,326. The stock’s fifty day moving average is C$24.23 and its two-hundred day moving average is C$25.72. The company has a current ratio of 1.59, a quick ratio of 0.53 and a debt-to-equity ratio of 38.38. The firm has a market capitalization of C$1.63 billion, a PE ratio of 10.49 and a beta of 1.16. Leon’s Furniture has a 1 year low of C$23.24 and a 1 year high of C$30.80.

Leon’s Furniture (TSE:LNF) last posted its earnings results on Thursday, August 6th. The company reported C$0.51 EPS for the quarter. Leon’s Furniture had a return on equity of 12.76% and a net margin of 6.22%.The company had revenue of C$631.29 million for the quarter. On average, analysts anticipate that Leon’s Furniture will post 2.2104466 EPS for the current year.

Insider Transactions at Leon’s Furniture

In related news, insider Darci Marie Walker bought 1,500 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought 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 directly owned 2,500 shares of the company’s stock, valued at C$60,000. This represents a 150.00% increase in their position. Also, insider Lewis Mark Leon bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of C$24.40 per share, with a total value of C$36,600.00. Following the acquisition, the insider directly owned 116,026 shares in the company, valued at C$2,831,034.40. The trade was a 1.31% increase in their position. Insiders acquired 4,320 shares of company stock worth $104,915 in the last ninety days. 69.49% of the stock is currently owned by corporate insiders.

About Leon’s Furniture

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.