Leon’s Furniture (TSE:LNF) Stock Price Passes Above 200-Day Moving Average of $19.62

Leon’s Furniture Limited (TSE:LNFGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$19.62 and traded as high as C$22.49. Leon’s Furniture shares last traded at C$22.41, with a volume of 4,704 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised their target price on shares of Leon’s Furniture from C$21.00 to C$23.00 in a research note on Monday, February 26th.

Check Out Our Latest Research Report on Leon’s Furniture

Leon’s Furniture Stock Performance

The company has a debt-to-equity ratio of 44.13, a current ratio of 1.34 and a quick ratio of 0.53. The stock has a market capitalization of C$1.52 billion, a P/E ratio of 11.09 and a beta of 0.76. The stock’s 50-day simple moving average is C$21.61 and its 200 day simple moving average is C$19.62.

Leon’s Furniture (TSE:LNFGet Free Report) last posted its earnings results on Wednesday, February 21st. The company reported C$0.72 earnings per share for the quarter. The company had revenue of C$686.90 million during the quarter. Leon’s Furniture had a return on equity of 14.19% and a net margin of 5.66%. Research analysts expect that Leon’s Furniture Limited will post 2.0611111 EPS for the current fiscal year.

Leon’s Furniture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 8th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, March 7th. Leon’s Furniture’s payout ratio is 35.64%.

Insider Transactions at Leon’s Furniture

In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$22.64, for a total transaction of C$226,399.00. Company insiders own 69.64% of the company’s stock.

About Leon’s Furniture

(Get Free Report)

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates through two segments, Leon's and The Brick. The company provides household furniture, home electronics, home office products, appliances, and mattresses; repair services for household furniture, electronics, and appliances; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.

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