Terrence Leon Purchases 2,700 Shares of Leon’s Furniture Ltd. (LNF) Stock

Leon’s Furniture Ltd. (TSE:LNF) Director Terrence Leon acquired 2,700 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were acquired at an average cost of C$15.74 per share, for a total transaction of C$42,498.00.

Terrence Leon also recently made the following trade(s):

  • On Friday, November 16th, Terrence Leon acquired 4,200 shares of Leon’s Furniture stock. The shares were acquired at an average cost of C$15.41 per share, for a total transaction of C$64,722.00.

LNF stock traded down C$0.11 during trading on Friday, hitting C$15.00. 2,012 shares of the company’s stock traded hands, compared to its average volume of 8,626. The company has a debt-to-equity ratio of 27.23, a current ratio of 1.55 and a quick ratio of 0.65. Leon’s Furniture Ltd. has a 1 year low of C$14.93 and a 1 year high of C$19.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.73%. This is a positive change from Leon’s Furniture’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, December 6th. Leon’s Furniture’s dividend payout ratio (DPR) is presently 38.02%.

LNF has been the topic of several research reports. Desjardins cut their price objective on shares of Leon’s Furniture from C$21.00 to C$20.00 in a report on Friday, November 16th. CIBC cut their price objective on shares of Leon’s Furniture from C$21.00 to C$18.00 in a report on Friday, November 16th. Finally, BMO Capital Markets cut their price objective on shares of Leon’s Furniture from C$20.00 to C$19.00 in a report on Thursday, November 15th.

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About Leon’s Furniture

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of furniture, appliances, and home electronics in Canada. The company sells a range of home furniture, mattresses, appliances, and electronics, as well as acts as a commercial retailer of appliances to builders, developers, hotels, and property management companies under the Leon's, The Brick, The Brick Mattress Store, and The Brick Outlet banners.

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