Leon’s Furniture (TSE:LNF) Insider John Andrew Cooney Sells 2,200 Shares

Leon’s Furniture Limited (TSE:LNF) insider John Andrew Cooney sold 2,200 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of C$28.00, for a total value of C$61,600.00. Following the sale, the insider directly owned 52,274 shares of the company’s stock, valued at C$1,463,672. This represents a 4.04% decrease in their ownership of the stock.

Leon’s Furniture Price Performance

LNF traded up C$0.15 during trading on Wednesday, hitting C$28.15. The company’s stock had a trading volume of 2,700 shares, compared to its average volume of 19,902. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14. The stock has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 11.13 and a beta of 0.86. The firm’s 50 day moving average price is C$28.57 and its two-hundred day moving average price is C$28.53. Leon’s Furniture Limited has a 12 month low of C$20.51 and a 12 month high of C$30.80.

Leon’s Furniture (TSE:LNF) last announced its earnings results on Thursday, November 6th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$678.63 million during the quarter. Leon’s Furniture had a return on equity of 12.54% and a net margin of 5.24%. Sell-side analysts forecast that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, CIBC increased their price target on shares of Leon’s Furniture from C$31.00 to C$32.00 in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$32.80.

Leon’s Furniture Company Profile

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.