Leon’s Furniture (TSE:LNF) Trading Down 0.2% – Here’s Why

Shares of Leon’s Furniture Limited (TSE:LNF) were down 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 Ratings Changes

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

Leon’s Furniture Stock Performance

The stock has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 12.26 and a beta of 0.82. The company has a 50 day simple moving average of C$27.53 and a 200-day simple moving average of C$26.38. The company has a quick ratio of 0.53, a current ratio of 1.42 and a debt-to-equity ratio of 41.88.

Leon’s Furniture Announces Dividend

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