Leon’s Furniture Limited (TSE:LNF – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$24.50 and traded as high as C$29.16. Leon’s Furniture shares last traded at C$29.07, with a volume of 39,649 shares changing hands.
Analysts Set New Price Targets
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.
Read Our Latest Stock Analysis on LNF
Leon’s Furniture Stock Up 0.2 %
Leon’s Furniture (TSE:LNF – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.44 earnings per share (EPS) for the quarter. Leon’s Furniture had a net margin of 5.84% and a return on equity of 14.68%. The company had revenue of C$617.66 million for the quarter. As a group, analysts expect that Leon’s Furniture Limited will post 2.2103321 earnings per share for the current year.
Leon’s Furniture Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 9th will be issued a $0.20 dividend. This is an increase from Leon’s Furniture’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.75%. Leon’s Furniture’s dividend payout ratio (DPR) is presently 37.38%.
Insiders Place Their Bets
In other news, Senior Officer John Andrew Cooney sold 3,800 shares of the firm’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 value of C$114,000.00. 69.49% of the stock is currently owned by insiders.
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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