Insider Buying: Leon’s Furniture (TSE:LNF) Insider Purchases C$36,000.00 in Stock

Leon’s Furniture Limited (TSE:LNF) insider Darci Marie Walker bought 1,500 shares of Leon’s Furniture stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the purchase, the insider owned 2,500 shares in the company, valued at approximately C$60,000. This trade represents a 150.00% increase in their position.

Leon’s Furniture Trading Up 1.2%

Shares of TSE:LNF opened at C$24.54 on Friday. The company’s 50-day moving average price is C$25.70 and its two-hundred day moving average price is C$27.38. The company has a debt-to-equity ratio of 38.77, a current ratio of 1.53 and a quick ratio of 0.53. Leon’s Furniture Limited has a one year low of C$23.92 and a one year high of C$30.80. The stock has a market capitalization of C$1.69 billion, a PE ratio of 10.91 and a beta of 0.93.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. Leon’s Furniture had a net margin of 6.06% and a return on equity of 12.69%. The firm had revenue of C$557.15 million for the quarter. On average, equities analysts forecast that Leon’s Furniture Limited will post 2.2104466 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial boosted their price target on shares of Leon’s Furniture from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Leon’s Furniture presently has a consensus rating of “Moderate Buy” and an average price target of C$33.00.

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.