Leon’s Furniture (TSE:LNF) Shares Pass Above Two Hundred Day Moving Average of $23.56

Leon’s Furniture Limited (TSE:LNF) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$23.56 and traded as high as C$28.16. Leon’s Furniture shares last traded at C$27.98, with a volume of 16,619 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Acumen Capital set a C$34.00 price objective on Leon’s Furniture and gave the stock a “buy” rating in a report on Wednesday, August 21st.

Leon’s Furniture Price Performance

The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53. The firm has a fifty day moving average of C$26.35 and a two-hundred day moving average of C$23.66. The stock has a market capitalization of C$2.00 billion, a P/E ratio of 13.74 and a beta of 0.82.

Leon’s Furniture (TSE:LNF) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.44 earnings per share for the quarter. Leon’s Furniture had a net margin of 5.84% and a return on equity of 14.68%. The firm had revenue of C$617.66 million during the quarter. On average, analysts predict that Leon’s Furniture Limited will post 2.208238 EPS for the current year.

Leon’s Furniture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.72%. The ex-dividend date is Monday, September 9th. This is a boost from Leon’s Furniture’s previous quarterly dividend of $0.18. Leon’s Furniture’s dividend payout ratio (DPR) is 37.38%.

Insider Activity

In related news, Senior Officer John Andrew Cooney sold 3,800 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$30.00, for a total transaction of C$114,000.00. Company insiders own 69.49% of the company’s stock.

Leon’s Furniture Company Profile

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.