Leon’s Furniture (TSE:LNF) Reaches New 1-Year High at $29.93

Leon’s Furniture Limited (TSE:LNF)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$29.93 and last traded at C$29.89, with a volume of 1893 shares changing hands. The stock had previously closed at C$29.89.

Wall Street Analyst Weigh In

A number of brokerages have commented on LNF. Acumen Capital set a C$34.00 price objective on Leon’s Furniture and gave the company a “buy” rating in a research note on Wednesday, August 21st. BMO Capital Markets raised their price objective on Leon’s Furniture from C$23.00 to C$24.00 in a research note on Thursday, May 9th.

Leon’s Furniture Stock Performance

The company has a market cap of C$2.05 billion, a PE ratio of 14.06 and a beta of 0.82. The company has a quick ratio of 0.53, a current ratio of 1.42 and a debt-to-equity ratio of 41.88. The company has a 50-day moving average of C$25.03 and a 200-day moving average of C$23.07.

Leon’s Furniture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 9th will be given a $0.20 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 2.66%. This is a boost from Leon’s Furniture’s previous quarterly dividend of $0.18. Leon’s Furniture’s payout ratio is currently 37.38%.

About Leon’s Furniture

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.