Leon’s Furniture (TSE:LNF) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Leon’s Furniture Limited (TSE:LNF)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.81 and traded as high as C$27.20. Leon’s Furniture shares last traded at C$27.04, with a volume of 13,665 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LNF shares. Stifel Canada raised Leon’s Furniture to a “hold” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus set a C$30.00 price target on Leon’s Furniture and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Acumen Capital set a C$34.00 price target on Leon’s Furniture and gave the stock a “buy” rating in a report on Wednesday, August 21st.

Leon’s Furniture Stock Up 0.4 %

The stock has a fifty day moving average price of C$28.61 and a 200 day moving average price of C$25.81. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53. The stock has a market capitalization of C$1.84 billion, a P/E ratio of 12.64 and a beta of 0.82.

Leon’s Furniture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Monday, December 9th. Leon’s Furniture’s dividend payout ratio is 37.38%.

Insider Activity at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 3,800 shares of Leon’s Furniture stock in a transaction 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. 69.49% of the stock is owned by corporate insiders.

Leon’s Furniture Company Profile

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.