Leon’s Furniture Ltd. (TSE:LNF) Insider Antomel Limited Sells 1,535,472 Shares

Leon’s Furniture Ltd. (TSE:LNF) insider Antomel Limited sold 1,535,472 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$15.25, for a total transaction of C$23,415,948.00. Following the sale, the insider now directly owns 10,548,572 shares of the company’s stock, valued at approximately C$160,865,723.

TSE:LNF traded down C$0.06 during midday trading on Thursday, reaching C$15.10. 2,606 shares of the stock traded hands, compared to its average volume of 17,314. Leon’s Furniture Ltd. has a 12-month low of C$14.01 and a 12-month high of C$18.37. The business has a 50-day moving average of C$15.22 and a two-hundred day moving average of C$14.96. The company has a debt-to-equity ratio of 68.74, a quick ratio of 0.52 and a current ratio of 1.25. The stock has a market capitalization of $1.20 billion and a PE ratio of 11.71.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Friday, September 6th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.71%. Leon’s Furniture’s dividend payout ratio is currently 43.24%.

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of Leon’s Furniture from C$17.00 to C$18.00 in a research report on Friday, August 16th. Desjardins increased their target price on shares of Leon’s Furniture from C$20.00 to C$21.00 in a research report on Thursday, August 15th. Finally, CIBC increased their target price on shares of Leon’s Furniture from C$17.00 to C$18.00 in a research report on Friday, August 16th.

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. The company also operates as a commercial retailer of appliances to builders, developers, hotels, and property management companies. It also offers household furniture, electronics, and appliance repair services; and insurance products.

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Insider Buying and Selling by Quarter for Leon`s Furniture (TSE:LNF)

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