Leon’s Furniture (TSE:LNF) Insider Purchases C$36,600.00 in Stock

Leon’s Furniture Limited (TSE:LNF) insider Lewis Mark Leon acquired 1,500 shares of Leon’s Furniture stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of C$24.40 per share, for a total transaction of C$36,600.00. Following the purchase, 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 position.

Leon’s Furniture Trading Down 2.7%

Shares of LNF traded down C$0.66 on Wednesday, hitting C$24.13. 34,977 shares of the stock traded hands, compared to its average volume of 21,017. The company has a quick ratio of 0.53, a current ratio of 1.53 and a debt-to-equity ratio of 38.77. The firm has a market capitalization of C$1.66 billion, a P/E ratio of 10.72 and a beta of 0.93. The stock’s 50 day moving average is C$26.12 and its two-hundred day moving average is C$27.61. Leon’s Furniture Limited has a 1 year low of C$24.02 and a 1 year high of C$30.80.

Leon’s Furniture (TSE:LNF) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 earnings per share (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%. As a group, sell-side analysts predict that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Leon’s Furniture Company Profile

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.