Leon’s Furniture (TSE:LNF) Upgraded to “Hold” by Stifel Canada

Stifel Canada upgraded shares of Leon’s Furniture (TSE:LNF) to a hold rating in a research note released on Tuesday morning, Zacks.com reports. Stifel Canada also issued estimates for Leon’s Furniture’s Q3 2024 earnings at $0.55 EPS, Q4 2024 earnings at $0.75 EPS, FY2024 earnings at $1.97 EPS and FY2025 earnings at $2.08 EPS.

Several other research analysts have also commented on the company. Stifel Nicolaus set a C$30.00 price target on Leon’s Furniture and gave the stock a “hold” rating in a report on Wednesday. Acumen Capital set a C$34.00 target price on shares of Leon’s Furniture and gave the stock a “buy” rating in a research note on Wednesday, August 21st.

Leon’s Furniture Stock Up 0.5 %

Shares of TSE LNF opened at C$27.96 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 41.88. The company has a 50-day moving average of C$29.25 and a 200 day moving average of C$25.20. Leon’s Furniture has a 12-month low of C$16.46 and a 12-month high of C$30.64. The stock has a market cap of C$1.91 billion, a PE ratio of 13.07 and a beta of 0.82.

Leon’s Furniture (TSE:LNF) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.44 earnings per share (EPS) for the quarter. Leon’s Furniture had a return on equity of 14.68% and a net margin of 5.84%. The business had revenue of C$617.66 million during the quarter. As a group, sell-side analysts predict that Leon’s Furniture will post 2.2104466 EPS for the current fiscal year.

Leon’s Furniture Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 9th were given a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. This is an increase from Leon’s Furniture’s previous quarterly dividend of $0.18. Leon’s Furniture’s payout ratio is currently 37.38%.

Insider Transactions at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 3,800 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$30.00, for a total value 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.