Leon’s Furniture (TSE:LNF) Shares Cross Above Two Hundred Day Moving Average of $21.36

Shares of Leon’s Furniture Limited (TSE:LNF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.36 and traded as high as C$23.31. Leon’s Furniture shares last traded at C$22.91, with a volume of 6,069 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their target price on shares of Leon’s Furniture from C$23.00 to C$24.00 in a report on Thursday, May 9th.

Leon’s Furniture Trading Down 2.0 %

The firm has a market capitalization of C$1.56 billion, a PE ratio of 10.91 and a beta of 0.75. The company has a quick ratio of 0.53, a current ratio of 1.41 and a debt-to-equity ratio of 44.31. The stock’s fifty day simple moving average is C$22.31 and its 200 day simple moving average is C$21.36.

Leon’s Furniture (TSE:LNF) last announced its earnings results on Wednesday, May 8th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$562.25 million during the quarter. Leon’s Furniture had a net margin of 5.78% and a return on equity of 14.67%. On average, sell-side analysts predict that Leon’s Furniture Limited will post 2.0611111 earnings per share for the current year.

Leon’s Furniture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Monday, June 10th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.14%. Leon’s Furniture’s payout ratio is currently 34.29%.

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.