Stifel Nicolaus set a C$30.00 price objective on Leon’s Furniture (TSE:LNF – Free Report) in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.
Separately, Acumen Capital set a C$34.00 price objective on shares of Leon’s Furniture and gave the stock a “buy” rating in a report on Wednesday, August 21st.
Get Our Latest Stock Analysis on Leon’s Furniture
Leon’s Furniture Price Performance
Leon’s Furniture (TSE:LNF – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported C$0.44 earnings per share for the quarter. The business had revenue of C$617.66 million during the quarter. Leon’s Furniture had a net margin of 5.84% and a return on equity of 14.68%. Equities research analysts anticipate that Leon’s Furniture will post 2.2104466 earnings per share for the current fiscal year.
Leon’s Furniture Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 9th were issued a dividend of $0.20 per share. This is a positive change from Leon’s Furniture’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 2.86%. The ex-dividend date was Monday, September 9th. Leon’s Furniture’s dividend payout ratio (DPR) is currently 37.38%.
Insiders Place Their Bets
In other news, Senior Officer John Andrew Cooney sold 3,800 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$30.00, for a total value of C$114,000.00. 69.49% of the stock is owned by company insiders.
Leon’s Furniture Company Profile
Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.
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