Leon's Furniture (TSE:LNF) Share Price Breaks Above 200 Day Moving Average - Time to Sell?

Key Points

• Leon's Furniture shares broke above their 200-day moving average, reaching C$26.75 before closing at C$26.47, up 0.7%.
• Analysts remain generally positive, with two “outperform” ratings and one “hold”; the stock has a consensus “Moderate Buy” rating and a C$30.88 target price, despite recent target reductions.
• The company reported quarterly EPS of C$0.51 on revenue of C$631.29 million, with a 6.22% net margin and 12.76% return on equity.

Leon's Furniture Limited (TSE:LNF - Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$24.80 and traded as high as C$26.75. Leon's Furniture shares last traded at C$26.47, with a volume of 13,206 shares traded.

Analysts Set New Price Targets

LNF has been the subject of several research reports. Royal Bank Of Canada cut their price objective on shares of Leon's Furniture from C$33.00 to C$32.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. National Bank Financial lowered their target price on Leon's Furniture from C$35.00 to C$34.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Finally, Stifel Nicolaus reduced their price target on Leon's Furniture from C$27.00 to C$25.50 and set a "hold" rating for the company in a research note on Monday, August 10th. Two investment 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, Leon's Furniture has a consensus rating of "Moderate Buy" and a consensus target price of C$30.88.

Leon's Furniture Trading Up 0.7%

The firm has a market cap of C$1.82 billion, a price-to-earnings ratio of 11.51 and a beta of 0.99. 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 firm's fifty day moving average is C$24.77 and its 200-day moving average is C$24.80.

Leon's Furniture (TSE:LNF - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.51 EPS for the quarter. The company had revenue of C$631.29 million during the quarter. Leon's Furniture had a net margin of 6.22% and a return on equity of 12.76%. Equities analysts anticipate that Leon's Furniture Limited will post 2.21 earnings per share for the current year.

Leon's Furniture Company Profile

Leon's Furniture Limited is the largest retailer of furniture, appliances and electronics in Canada. Our retail banners include: Leon's; The Brick; Brick Outlet; and The Brick Mattress Store. Finally, with The Brick's Midnorthern Appliance banner alongside with Leon's Appliance Canada banner, this makes the Company the country's largest commercial retailer of appliances to builders, developers, hotels and property management companies. The Company has 301 retail stores from coast to coast in Canada under various banners.

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