Edward Leon Purchases 600 Shares of Leon’s Furniture (TSE:LNF) Stock

Leon’s Furniture Limited (TSE:LNF) Director Edward Leon bought 600 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of C$23.99 per share, for a total transaction of C$14,394.00. Following the acquisition, the director owned 48,983 shares of the company’s stock, valued at approximately C$1,175,102.17. This trade represents a 1.24% increase in their position.

Leon’s Furniture Trading Up 1.0%

TSE:LNF opened at C$24.39 on Friday. The firm has a market cap of C$1.68 billion, a P/E ratio of 10.84 and a beta of 0.93. The company has a current ratio of 1.53, a quick ratio of 0.53 and a debt-to-equity ratio of 38.77. The stock’s 50 day simple moving average is C$25.92 and its 200-day simple moving average is C$27.52. Leon’s Furniture Limited has a 12-month low of C$23.92 and a 12-month high of C$30.80.

Leon’s Furniture (TSE:LNF) last released its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (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 for the quarter. Equities analysts anticipate that Leon’s Furniture Limited will post 2.2104466 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.