Leon’s Furniture (TSE:LNF) Insider Melanie Henderson Acquires 420 Shares of Stock

Leon’s Furniture Limited (TSE:LNF) insider Melanie Henderson bought 420 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of C$24.67 per share, with a total value of C$10,361.40. Following the completion of the transaction, the insider directly owned 420 shares of the company’s stock, valued at C$10,361.40. This trade represents a ? increase in their position.

Leon’s Furniture Stock Performance

Shares of TSE LNF opened at C$23.99 on Thursday. The firm has a 50 day moving average of C$26.05 and a 200 day moving average of C$27.57. The company has a current ratio of 1.53, a quick ratio of 0.53 and a debt-to-equity ratio of 38.77. The firm has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 10.66 and a beta of 0.93. Leon’s Furniture Limited has a 12-month low of C$23.92 and a 12-month high of C$30.80.

Leon’s Furniture (TSE:LNF) last announced its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. The company had revenue of C$557.15 million during the quarter. Leon’s Furniture had a net margin of 6.06% and a return on equity of 12.69%. On average, research analysts anticipate that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Analyst Ratings Changes

Separately, National Bank Financial boosted their target price on shares of Leon’s Furniture from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Leon’s Furniture has a consensus rating of “Moderate Buy” and a consensus target price of C$33.00.

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.