CIBC Reiterates “C$29.00” Price Target for Leon’s Furniture (TSE:LNF)

CIBC set a C$29.00 price objective on Leon’s Furniture (TSE:LNF) in a report released on Tuesday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

LNF has been the subject of several other research reports. Acumen Capital set a C$34.00 target price on shares of Leon’s Furniture and gave the company a “buy” rating in a research note on Wednesday, August 21st. Stifel Canada raised shares of Leon’s Furniture to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus set a C$30.00 price target on shares of Leon’s Furniture and gave the company a “hold” rating in a report on Wednesday, October 23rd.

Leon’s Furniture Price Performance

Shares of TSE LNF opened at C$25.75 on Tuesday. The company has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 12.03 and a beta of 0.82. The business has a 50-day moving average of C$27.35 and a 200-day moving average of C$26.49. Leon’s Furniture has a 1-year low of C$18.16 and a 1-year high of C$30.64. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53.

Leon’s Furniture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.11%. Leon’s Furniture’s dividend payout ratio is presently 37.38%.

Insider Transactions at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 7,000 shares of Leon’s Furniture stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$26.15, for a total value of C$183,043.70. Corporate insiders own 69.49% of the company’s stock.

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.