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 the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$29.00, for a total transaction of C$31,900.00. Following the sale, the insider owned 40,329 shares of the company's stock, valued at C$1,169,541. This trade represents a 2.66% decrease in their ownership of the stock.

Leon's Furniture Stock Performance

LNF stock traded up C$0.12 during mid-day trading on Monday, hitting C$28.95. 16,864 shares of the company were exchanged, compared to its average volume of 20,238. The business has a 50 day simple moving average of C$28.82 and a 200-day simple moving average of C$26.43. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14. The stock has a market capitalization of C$1.97 billion, a PE ratio of 12.37 and a beta of 0.93. Leon's Furniture Limited has a 1-year low of C$20.51 and a 1-year high of C$30.80.

Wall Street Analysts Forecast Growth

LNF has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of Leon's Furniture from C$27.00 to C$30.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price target 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. BMO Capital Markets lifted their price target 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. Finally, National Bankshares lifted their price target on shares of Leon's Furniture from C$34.00 to C$35.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Leon's Furniture presently 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.