Leon’s Furniture (TSE:LNF) Insider Buys C$36,600.00 in Stock

Leon’s Furniture Limited (TSE:LNF) insider Lewis Mark Leon bought 1,500 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of C$24.40 per share, for a total transaction of C$36,600.00. Following the completion of the transaction, the insider directly owned 116,026 shares of the company’s stock, valued at C$2,831,034.40. This trade represents a 1.31% increase in their position.

Leon’s Furniture Price Performance

LNF traded down C$0.66 on Wednesday, hitting C$24.13. 34,977 shares of the company were exchanged, compared to its average volume of 21,017. The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.53 and a current ratio of 1.53. The business’s fifty day moving average is C$26.12 and its 200 day moving average is C$27.61. Leon’s Furniture Limited has a fifty-two week low of C$24.02 and a fifty-two week high of C$30.80. The firm has a market capitalization of C$1.66 billion, a P/E ratio of 10.72 and a beta of 0.93.

Leon’s Furniture (TSE:LNF) last issued its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share for the quarter. The company had revenue of C$557.15 million for the quarter. Leon’s Furniture had a net margin of 6.06% and a return on equity of 12.69%. As a group, sell-side analysts anticipate that Leon’s Furniture Limited will post 2.2104466 EPS for the current year.

Analyst Ratings Changes

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

Leon’s Furniture Company Profile

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.