Leon’s Furniture (TSE:LNF) Trading Down 0.2% – Time to Sell?

Leon’s Furniture Limited (TSE:LNF)’s share price dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as C$26.47 and last traded at C$26.50. Approximately 13,068 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 19,154 shares. The stock had previously closed at C$26.55.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Canada raised Leon’s Furniture to a “hold” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus set a C$30.00 price objective on Leon’s Furniture and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Acumen Capital set a C$34.00 target price on Leon’s Furniture and gave the company a “buy” rating in a research note on Wednesday, August 21st.

Leon’s Furniture Stock Performance

The stock has a 50 day moving average price of C$27.53 and a two-hundred day moving average price of C$26.38. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 41.88. The company has a market cap of C$1.79 billion, a price-to-earnings ratio of 12.26 and a beta of 0.82.

Leon’s Furniture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Monday, December 9th. Leon’s Furniture’s payout ratio is presently 37.38%.

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.