Leon’s Furniture (TSE:LNF) Sets New 1-Year Low – What’s Next?

Leon’s Furniture Limited (TSE:LNF) shares reached a new 52-week low on Thursday . The stock traded as low as C$23.92 and last traded at C$23.99, with a volume of 63094 shares changing hands. The stock had previously closed at C$24.79.

Analysts Set New Price Targets

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

Leon’s Furniture Trading Up 1.0%

The firm has a market capitalization of C$1.68 billion, a PE ratio of 10.84 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 1.53 and a debt-to-equity ratio of 38.77. The stock’s fifty day simple moving average is C$25.92 and its 200 day simple moving average is C$27.52.

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

Insider Activity

In other news, insider Lewis Mark Leon acquired 1,500 shares of Leon’s Furniture stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of C$24.40 per share, with a total value of C$36,600.00. Following the completion of the purchase, the insider directly owned 116,026 shares in the company, valued at approximately C$2,831,034.40. This trade represents a 1.31% increase in their position. Insiders have acquired 2,820 shares of company stock valued at $68,915 over the last three months. Corporate 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.