Stifel Nicolaus Cuts Leon's Furniture (TSE:LNF) Price Target to C$25.50

Key Points

• Stifel Nicolaus lowered Leon’s Furniture’s price target to C$25.50 from C$27.00 while maintaining a “hold” rating, implying approximately 8% upside from the stock’s C$23.61 price.
• Leon's reported quarterly earnings of C$0.51 per share on revenue of C$631.29 million, with a 6.22% net margin and 12.76% return on equity.
• Insiders purchased shares worth about C$104,915 over the past three months, and corporate insiders own 69.49% of the company.

Leon's Furniture (TSE:LNF - Get Free Report) had its price objective decreased by equities research analysts at Stifel Nicolaus from C$27.00 to C$25.50 in a report issued on Monday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus' price objective would suggest a potential upside of 8.01% from the stock's current price.

Leon's Furniture Price Performance

TSE LNF traded down C$0.01 during trading hours on Monday, hitting C$23.61. 27,664 shares of the company's stock traded hands, compared to its average volume of 23,326. The company has a market capitalization of C$1.63 billion, a PE ratio of 10.49 and a beta of 1.16. 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 has a 52-week low of C$23.24 and a 52-week high of C$30.80. The firm's 50-day moving average is C$24.23 and its 200-day moving average is C$25.72.

Leon's Furniture (TSE:LNF - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.51 earnings per share for the quarter. The business 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%. Equities analysts forecast that Leon's Furniture will post 2.2104466 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Darci Marie Walker purchased 1,500 shares of Leon's Furniture 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 acquisition, the insider directly owned 2,500 shares in the company, valued at approximately C$60,000. The trade was a 150.00% increase in their ownership of the stock. Also, insider Lewis Mark Leon purchased 1,500 shares of Leon's Furniture stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of C$24.40 per share, for a total transaction of C$36,600.00. Following the acquisition, 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 ownership of the stock. Insiders have acquired 4,320 shares of company stock worth $104,915 in the last three months. 69.49% of the stock is currently owned by corporate 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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