Leon's Furniture (TSE:LNF) Price Target Lowered to C$32.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered Leon’s Furniture’s price target to C$32 from C$33 while maintaining an “outperform” rating, implying 35.54% upside from the prior close.
• Analyst sentiment remains positive overall: National Bank Financial also cut its target to C$34 with an “outperform” rating, while Stifel Nicolaus reduced its target to C$25.50 and maintained a “hold” rating. The stock has a “Moderate Buy” consensus rating and an average target of C$30.88.
• Leon's shares recently traded at C$23.61, near their 52-week low, while insiders purchased 4,320 shares worth about C$104,915 over the past 90 days. The company most recently reported quarterly EPS of C$0.51 on revenue of C$631.29 million.

Leon's Furniture (TSE:LNF - Get Free Report) had its target price decreased by analysts at Royal Bank Of Canada from C$33.00 to C$32.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 35.54% from the stock's previous close.

Several other research analysts have also commented on LNF. National Bank Financial lowered their price target on Leon's Furniture from C$35.00 to C$34.00 and set an "outperform" rating for the company in a research report on Monday. Stifel Nicolaus reduced their target price on shares of Leon's Furniture from C$27.00 to C$25.50 and set a "hold" rating on the stock in a report on Monday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$30.88.

Leon's Furniture Trading Down 0.0%

Shares of TSE:LNF traded down C$0.01 during midday trading on Monday, reaching C$23.61. 27,664 shares of the company's stock were exchanged, compared to its average volume of 23,326. The stock has a market cap of C$1.63 billion, a price-to-earnings ratio of 10.49 and a beta of 1.16. Leon's Furniture has a fifty-two week low of C$23.24 and a fifty-two week high of C$30.80. The firm's 50 day simple moving average is C$24.23 and its two-hundred day simple moving average is C$25.72. The company has a debt-to-equity ratio of 38.38, a current ratio of 1.59 and a quick ratio of 0.53.

Leon's Furniture (TSE:LNF - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.51 EPS for the quarter. The company had revenue of C$631.29 million for the quarter. Leon's Furniture had a net margin of 6.22% and a return on equity of 12.76%. As a group, sell-side analysts forecast that Leon's Furniture will post 2.2104466 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Darci Marie Walker bought 1,500 shares of the business's stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of C$24.00 per share, for a total transaction of C$36,000.00. Following the completion of the transaction, the insider owned 2,500 shares of the company's stock, valued at approximately C$60,000. This trade represents a 150.00% increase in their ownership of the stock. Also, insider Lewis Mark Leon purchased 1,500 shares of the company's stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of C$24.40 per share, for a total transaction of C$36,600.00. Following the purchase, the insider directly owned 116,026 shares in the company, valued at C$2,831,034.40. The trade was a 1.31% increase in their ownership of the stock. Insiders purchased a total of 4,320 shares of company stock worth $104,915 over the last ninety days. Insiders own 69.49% of the company's stock.

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.

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