Leon’s Furniture (TSE:LNF) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Leon’s Furniture (TSE:LNF) to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus set a C$30.00 target price on shares of Leon’s Furniture and gave the company a “hold” rating in a research report on Wednesday, October 23rd. CIBC set a C$29.00 target price on Leon’s Furniture and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Finally, Stifel Canada upgraded Leon’s Furniture to a “hold” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Leon’s Furniture presently has an average rating of “Moderate Buy” and an average price target of C$29.25.

Leon’s Furniture Price Performance

Shares of LNF opened at C$25.98 on Thursday. 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 company’s fifty day moving average price is C$25.76 and its 200-day moving average price is C$27.10. Leon’s Furniture has a 1-year low of C$20.02 and a 1-year high of C$30.64. The firm has a market capitalization of C$1.77 billion, a PE ratio of 12.14 and a beta of 0.82.

Leon’s Furniture (TSE:LNF) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.54 earnings per share for the quarter, missing the consensus estimate of C$0.55 by C($0.01). Leon’s Furniture had a net margin of 5.84% and a return on equity of 14.68%. During the same period in the previous year, the company posted $0.75 EPS. On average, equities research analysts predict that Leon’s Furniture will post 2.2104466 EPS for the current year.

Leon’s Furniture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, December 9th. Leon’s Furniture’s payout ratio is currently 37.38%.

Insider Activity

In related news, Senior Officer John Andrew Cooney sold 7,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$26.15, for a total value of C$183,043.70. 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.