Insider Selling: Leon’s Furniture Limited (TSE:LNF) Senior Officer Sells C$183,043.70 in Stock

Leon’s Furniture Limited (TSE:LNF) Senior Officer John Andrew Cooney sold 7,000 shares of Leon’s Furniture 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 Stock Down 2.1 %

Shares of LNF opened at C$25.50 on Thursday. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53. The stock has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 11.92 and a beta of 0.82. Leon’s Furniture Limited has a 1 year low of C$18.16 and a 1 year high of C$30.64. The business’s 50 day simple moving average is C$27.43 and its 200-day simple moving average is C$26.46.

Leon’s Furniture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Monday, December 9th. Leon’s Furniture’s payout ratio is 37.38%.

Analyst Upgrades and Downgrades

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

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.