Darci Marie Walker Buys 1,500 Shares of Leon’s Furniture (TSE:LNF) Stock

Leon’s Furniture Limited (TSE:LNF) insider Darci Marie Walker bought 1,500 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of C$24.00 per share, for a total transaction of C$36,000.00. Following the purchase, the insider owned 2,500 shares in the company, valued at approximately C$60,000. This trade represents a 150.00% increase in their position.

Leon’s Furniture Stock Performance

TSE:LNF opened at C$24.25 on Thursday. The firm’s fifty day simple moving average is C$25.75 and its 200 day simple moving average is C$27.41. The company has a current ratio of 1.53, a quick ratio of 0.53 and a debt-to-equity ratio of 38.77. Leon’s Furniture Limited has a twelve month low of C$23.92 and a twelve month high of C$30.80. The firm has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 10.78 and a beta of 0.93.

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

Analyst Upgrades and Downgrades

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

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.