Leon’s Furniture Limited (TSE:LNF – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$24.25 and traded as high as C$30.25. Leon’s Furniture shares last traded at C$30.00, with a volume of 36,594 shares traded.
Wall Street Analyst Weigh In
Separately, Acumen Capital set a C$34.00 target price on Leon’s Furniture and gave the stock a “buy” rating in a report on Wednesday, August 21st.
Check Out Our Latest Research Report on Leon’s Furniture
Leon’s Furniture Stock Performance
Leon’s Furniture (TSE:LNF – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.44 earnings per share 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 for the quarter. Equities analysts expect that Leon’s Furniture Limited will post 2.2099407 earnings per share 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 given a dividend of $0.20 per share. This is a positive change from Leon’s Furniture’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. Leon’s Furniture’s payout ratio is 37.38%.
Insiders Place Their Bets
In related news, Senior Officer John Andrew Cooney sold 3,800 shares of the business’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. 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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