National Bank Financial Cuts Leon’s Furniture (TSE:LNF) Price Target to C$34.00

Leon’s Furniture (TSE:LNF) had its target price cut by National Bank Financial from C$35.00 to C$34.00 in a research report report published on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Stifel Nicolaus dropped their target price on shares of Leon’s Furniture from C$27.00 to C$25.50 and set a “hold” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Leon’s Furniture presently has a consensus rating of “Moderate Buy” and an average target price of C$30.88.

Leon’s Furniture Stock Performance

Shares of Leon’s Furniture stock opened at C$24.35 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.59 and a debt-to-equity ratio of 38.38. Leon’s Furniture has a 52 week low of C$23.24 and a 52 week high of C$30.80. The firm’s 50 day moving average is C$24.20 and its two-hundred day moving average is C$25.63. The firm has a market capitalization of C$1.67 billion, a P/E ratio of 10.59 and a beta of 1.16.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.51 earnings per share for the quarter. Leon’s Furniture had a net margin of 6.22% and a return on equity of 12.76%. The business had revenue of C$631.29 million during the quarter. Research analysts forecast that Leon’s Furniture will post 2.2104466 EPS for the current fiscal year.

Insider Buying and Selling at Leon’s Furniture

In other news, insider Darci Marie Walker bought 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$24.00 per share, with a total value of C$36,000.00. Following the transaction, the insider directly owned 2,500 shares in the company, valued at C$60,000. This trade represents a 150.00% increase in their ownership of the stock. Insiders own 69.49% of the company’s stock.

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.