Insider Selling: Leon’s Furniture Limited (TSE:LNF) Senior Officer Sells 7,000 Shares of Stock

Leon’s Furniture Limited (TSE:LNF) Senior Officer John Andrew Cooney sold 7,000 shares of the business’s stock in a transaction that occurred 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.

Leon’s Furniture Trading Down 2.1 %

LNF stock opened at C$25.50 on Thursday. Leon’s Furniture Limited has a 12 month low of C$18.16 and a 12 month high of C$30.64. The firm’s 50-day moving average is C$27.43 and its 200 day moving average is C$26.46. The company has a market capitalization of C$1.74 billion, a PE ratio of 11.92 and a beta of 0.82. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53.

Leon’s Furniture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders 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 dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, December 9th. Leon’s Furniture’s dividend payout ratio is presently 37.38%.

Analysts Set New Price Targets

Several research analysts have commented on LNF shares. CIBC set a C$29.00 price objective on shares of Leon’s Furniture and gave the stock a “neutral” rating in a research note on Tuesday. Acumen Capital set a C$34.00 price target on shares of Leon’s Furniture and gave the company a “buy” rating in a report on Wednesday, August 21st. Stifel Canada raised shares of Leon’s Furniture to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus set a C$30.00 target price on Leon’s Furniture and gave the company a “hold” rating in a research note on Wednesday, October 23rd.

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.