National Bank Financial Issues Pessimistic Forecast for Leon’s Furniture (TSE:LNF) Stock Price

Leon’s Furniture (TSE:LNF) had its price target cut by investment analysts at National Bank Financial from C$35.00 to C$34.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 44.01% from the stock’s previous close.

Separately, Stifel Nicolaus reduced their price objective on shares of Leon’s Furniture from C$27.00 to C$25.50 and set a “hold” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$30.88.

Leon’s Furniture Stock Down 0.0%

LNF traded down C$0.01 during mid-day trading on Monday, reaching C$23.61. 27,664 shares of the stock were exchanged, compared to its average volume of 23,326. Leon’s Furniture has a 1 year low of C$23.24 and a 1 year high of C$30.80. The company has a debt-to-equity ratio of 38.38, a quick ratio of 0.53 and a current ratio of 1.59. The stock 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 50 day moving average price of C$24.23 and a two-hundred day moving average price of C$25.72.

Leon’s Furniture (TSE:LNF) last announced its earnings results on Thursday, August 6th. The company reported C$0.51 EPS for the quarter. Leon’s Furniture had a net margin of 6.22% and a return on equity of 12.76%. The company had revenue of C$631.29 million during the quarter. As a group, research analysts anticipate that Leon’s Furniture will post 2.2104466 EPS for the current year.

Insider Transactions at Leon’s Furniture

In other Leon’s Furniture news, insider Darci Marie Walker purchased 1,500 shares of Leon’s Furniture stock in a transaction that occurred on Friday, May 15th. The shares were bought 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. This trade represents a 150.00% increase in their ownership of the stock. Also, insider Lewis Mark Leon acquired 1,500 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of C$24.40 per share, with a total value 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 position. In the last 90 days, insiders have purchased 4,320 shares of company stock worth $104,915. 69.49% of the stock is owned by company 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.