Leon’s Furniture (TSE:LNF) Hits New 1-Year Low – Should You Sell?

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

Analyst Upgrades and Downgrades

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

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Leon’s Furniture Trading Down 3.2%

The firm’s 50 day moving average price is C$26.05 and its 200-day moving average price is C$27.57. The stock has a market cap of C$1.65 billion, a P/E ratio of 10.66 and a beta of 0.93. The company has a debt-to-equity ratio of 38.77, a current ratio of 1.53 and a quick ratio of 0.53.

Leon’s Furniture (TSE:LNFGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. The firm 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%. As a group, equities research analysts forecast that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Insider Activity

In related news, insider Lewis Mark Leon acquired 1,500 shares of the firm’s 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 acquisition, the insider directly owned 116,026 shares of the company’s stock, valued at approximately C$2,831,034.40. This trade represents a 1.31% increase in their ownership of the stock. Insiders have purchased a total of 2,220 shares of company stock valued at $54,521 in the last 90 days. Corporate insiders own 69.49% of the company’s stock.

About Leon’s Furniture

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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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