Stifel Nicolaus Cuts Leon’s Furniture (TSE:LNF) Price Target to C$25.50

Leon’s Furniture (TSE:LNF) had its target price cut by Stifel Nicolaus from C$27.00 to C$25.50 in a research report released on Monday,BayStreet.CA reports. They currently have a hold rating on the stock.

Leon’s Furniture Trading Down 1.0%

TSE LNF opened at C$24.35 on Monday. The firm’s 50-day moving average is C$24.20 and its two-hundred day moving average is C$25.63. Leon’s Furniture has a 12 month low of C$23.24 and a 12 month high of C$30.80. The company has a debt-to-equity ratio of 38.38, a current ratio of 1.59 and a quick ratio of 0.53. The stock has a market capitalization of C$1.67 billion, a P/E ratio of 10.59 and a beta of 1.16.

Leon’s Furniture (TSE:LNF) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.51 earnings per share for the quarter. Leon’s Furniture had a net margin of 6.22% and a return on equity of 12.76%. The business had revenue of C$631.29 million during the quarter. On average, sell-side analysts anticipate that Leon’s Furniture will post 2.2104466 earnings per share for the current year.

Insider Buying and Selling at Leon’s Furniture

In related news, insider Darci Marie Walker bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of C$24.00 per share, for a total transaction of C$36,000.00. Following the acquisition, the insider owned 2,500 shares of the company’s stock, valued at approximately C$60,000. This trade represents a 150.00% increase in their ownership of the stock. Insiders own 69.49% of the company’s stock.

About Leon’s Furniture

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.