Insider Selling: Leon's Furniture (TSE:LNF) Insider Sells 1,100 Shares of Stock

Key Points

• Darci Marie Walker, an insider at Leon's Furniture, sold 1,100 shares at C$29.00 each, totaling C$31,900, resulting in a 2.66% decrease in their ownership.
• The company's stock has recently shown resilience, trading at C$29.00 with a market cap of C$1.98 billion and a P/E ratio of 12.39.
• Several analysts have upgraded their target prices for Leon's Furniture, with the consensus reaching C$32.20, indicating a Moderate Buy rating overall.

Leon's Furniture Limited (TSE:LNF - Get Free Report) insider Darci Marie Walker sold 1,100 shares of Leon's Furniture stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of C$29.00, for a total value of C$31,900.00. Following the sale, the insider owned 40,329 shares in the company, valued at C$1,169,541. This trade represents a 2.66% decrease in their position.

Leon's Furniture Price Performance

Leon's Furniture stock traded down C$0.04 during mid-day trading on Monday, hitting C$28.83. 489 shares of the company were exchanged, compared to its average volume of 20,147. Leon's Furniture Limited has a 12-month low of C$20.51 and a 12-month high of C$30.80. The company has a market capitalization of C$1.97 billion, a P/E ratio of 12.32 and a beta of 0.93. The business's 50 day simple moving average is C$28.80 and its two-hundred day simple moving average is C$26.40. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. National Bankshares raised their price objective on shares of Leon's Furniture from C$34.00 to C$35.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Royal Bank Of Canada increased their price objective on shares of Leon's Furniture from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Stifel Nicolaus lifted their price target on shares of Leon's Furniture from C$27.00 to C$30.00 and gave the company a "hold" rating in a report on Friday, August 8th. Finally, BMO Capital Markets boosted their target price on shares of Leon's Furniture from C$29.00 to C$32.00 and gave the company a "market perform" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$32.20.

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.