Leon's Furniture (TSE:LNF) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Leon's Furniture shares surpassed their 200-day moving average, trading at C$28.75, up from C$26.28, with a peak of C$29.00 during the session.
• Recent analyst ratings show an increasing confidence in Leon's Furniture, with price targets raised by several firms, including Stifel Nicolaus and National Bank, suggesting a positive outlook.
• The company has a market capitalization of C$1.96 billion and a debt-to-equity ratio of 38.14, indicating a manageable level of debt in relation to its equity.

Shares of Leon's Furniture Limited (TSE:LNF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$26.28 and traded as high as C$29.00. Leon's Furniture shares last traded at C$28.75, with a volume of 9,527 shares trading hands.

Analyst Ratings Changes

Several brokerages have weighed in on LNF. Stifel Nicolaus boosted their price objective on Leon's Furniture from C$27.00 to C$30.00 and gave the company a "hold" rating in a research report on Friday, August 8th. BMO Capital Markets upped their target price on Leon's Furniture from C$29.00 to C$32.00 and gave the company a "market perform" rating in a report on Friday, August 8th. Royal Bank Of Canada upped their target price on Leon's Furniture from C$33.00 to C$35.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Finally, National Bankshares upped their target price on Leon's Furniture from C$34.00 to C$35.00 and gave the company an "outperform" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$32.20.

Leon's Furniture Stock Performance

The company has a market capitalization of C$1.97 billion, a PE ratio of 12.32 and a beta of 0.93. The company has a 50 day moving average of C$28.80 and a two-hundred day moving average of C$26.38. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53.

Insider Buying and Selling at Leon's Furniture

In other news, Senior Officer John Andrew Cooney sold 4,000 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of C$27.51, for a total value of C$110,040.00. Also, insider Darci Marie Walker sold 1,100 shares of the stock in a transaction on 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 completion of the sale, the insider directly owned 40,329 shares in the company, valued at approximately C$1,169,541. This represents a 2.66% decrease in their ownership of the stock. 69.49% of the stock is owned by corporate insiders.

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.