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

Leon’s Furniture Limited (TSE:LNF – Get Free Report) insider Melanie Henderson purchased 420 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of C$24.67 per share, with a total value of C$10,361.40. Following the purchase, the insider directly owned 420 shares of the company’s stock, valued at C$10,361.40. This trade represents a ∞ increase in their ownership of the stock.

Leon’s Furniture Trading Down 3.2%

LNF stock traded down C$0.80 on Wednesday, reaching C$23.99. The company’s stock had a trading volume of 63,094 shares, compared to its average volume of 21,330. The business has a fifty day simple moving average of C$26.05 and a two-hundred day simple moving average of C$27.57. Leon’s Furniture Limited has a 12-month low of C$23.92 and a 12-month high of C$30.80. The firm has a market cap of C$1.65 billion, a PE ratio of 10.66 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.

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Leon’s Furniture (TSE:LNF – Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.69% and a net margin of 6.06%. As a group, research analysts forecast that Leon’s Furniture Limited will post 2.2104466 EPS for the current year.

Analysts Set New Price Targets

Separately, National Bank Financial raised their price objective on 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.00.

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Leon’s Furniture Company Profile

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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.

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