Leon’s Furniture Limited (TSE:LNF – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$23.94 and traded as high as C$29.90. Leon’s Furniture shares last traded at C$29.66, with a volume of 26,755 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Acumen Capital set a C$34.00 price target on Leon’s Furniture and gave the company a “buy” rating in a report on Wednesday, August 21st.
Check Out Our Latest Report on Leon’s Furniture
Leon’s Furniture Trading Up 0.2 %
Leon’s Furniture (TSE:LNF – Get Free Report) last announced its quarterly earnings data 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. On average, equities research analysts anticipate that Leon’s Furniture Limited will post 2.2099407 EPS for the current fiscal year.
Leon’s Furniture Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 9th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Monday, September 9th. This is a positive change 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 other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 3,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$30.00, for a total transaction of C$114,000.00. Corporate insiders own 69.49% of the company’s stock.
About Leon’s Furniture
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.
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