Melanie Henderson Buys 420 Shares of Leon’s Furniture (TSE:LNF) Stock

Leon’s Furniture Limited (TSE:LNF) insider Melanie Henderson acquired 420 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of C$24.67 per share, for a total transaction of C$10,361.40. Following the completion of the acquisition, the insider owned 420 shares of the company’s stock, valued at approximately C$10,361.40. The trade was a ? increase in their ownership of the stock.

Leon’s Furniture Stock Performance

TSE LNF opened at C$24.15 on Friday. The stock has a market cap of C$1.66 billion, a PE ratio of 10.73 and a beta of 0.93. 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 firm has a 50-day moving average of C$25.98 and a 200-day moving average of C$27.54. Leon’s Furniture Limited has a 52-week low of C$23.92 and a 52-week high of C$30.80.

Leon’s Furniture (TSE:LNF) last announced its quarterly 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 for 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 anticipate that Leon’s Furniture Limited will post 2.2104466 EPS for the current year.

Wall Street Analyst Weigh In

Separately, National Bank Financial increased their price objective on Leon’s Furniture from C$35.00 to C$36.00 and gave the stock 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 assigned a Hold rating to the company’s stock. According to MarketBeat, Leon’s Furniture currently has a consensus rating of “Moderate Buy” and an average 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.