National Bank Financial Lowers Leon's Furniture (TSE:LNF) Price Target to C$34.00

Key Points

• National Bank Financial lowered Leon’s Furniture’s price target to C$34 from C$35 while maintaining an “outperform” rating, implying 44.01% upside from the stock’s C$23.61 price.
• Stifel Nicolaus also cut its target, to C$25.50 from C$27, and assigned a “hold” rating. Overall, analysts rate the stock “Moderate Buy,” with an average target of C$30.88.
• Leon's Furniture reported quarterly EPS of C$0.51 and revenue of C$631.29 million, while insiders purchased 4,320 shares worth approximately C$104,915 over the past three months.

Leon's Furniture (TSE:LNF - Get Free Report) had its price objective lowered by National Bank Financial from C$35.00 to C$34.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price target would indicate a potential upside of 44.01% from the company's current price.

Separately, Stifel Nicolaus cut their target price on Leon's Furniture from C$27.00 to C$25.50 and set a "hold" rating on the stock in a research 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$30.88.

Leon's Furniture Price Performance

TSE:LNF traded down C$0.01 during trading hours on Monday, hitting C$23.61. The company's stock had a trading volume of 27,664 shares, compared to its average volume of 23,326. Leon's Furniture has a twelve month low of C$23.24 and a twelve month high of C$30.80. The company has a debt-to-equity ratio of 38.38, a current ratio of 1.59 and a quick ratio of 0.53. The stock has a fifty day simple moving average of C$24.23 and a 200-day simple moving average of C$25.72. The company has a market capitalization of C$1.63 billion, a P/E ratio of 10.49 and a beta of 1.16.

Leon's Furniture (TSE:LNF - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.51 EPS for the quarter. Leon's Furniture had a net margin of 6.22% and a return on equity of 12.76%. The business had revenue of C$631.29 million during the quarter. On average, analysts anticipate that Leon's Furniture will post 2.2104466 EPS for the current fiscal year.

Insider Buying and Selling at Leon's Furniture

In related news, insider Lewis Mark Leon purchased 1,500 shares of the firm's stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$24.40 per share, with a total value of C$36,600.00. Following the completion of the purchase, the insider owned 116,026 shares in the company, valued at approximately C$2,831,034.40. This trade represents a 1.31% increase in their position. Also, insider Darci Marie Walker acquired 1,500 shares of the company's stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$24.00 per share, for a total transaction of C$36,000.00. Following the acquisition, the insider directly owned 2,500 shares of the company's stock, valued at approximately C$60,000. This trade represents a 150.00% increase in their position. Over the last three months, insiders have purchased 4,320 shares of company stock worth $104,915. 69.49% of the stock is owned by insiders.

About Leon's Furniture

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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