Insider Selling: Lumber Liquidators Holdings CEO Sells 75,121 Shares of Stock (LL)
Lumber Liquidators Holdings (NYSE:LL) CEO Robert M. Lynch sold 75,121 shares of the company’s stock on the open market in a transaction dated Friday, February 21st. The stock was sold at an average price of $103.06, for a total transaction of $7,741,970.26. Following the completion of the transaction, the chief executive officer now directly owns 24,216 shares of the company’s stock, valued at approximately $2,495,701. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Lumber Liquidators Holdings in a research note on Thursday. They now have a $124.00 price target on the stock, down previously from $131.00. Separately, analysts at Zacks downgraded shares of Lumber Liquidators Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 11th. They now have a $107.30 price target on the stock. Finally, analysts at Ned Davis Research downgraded shares of Lumber Liquidators Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $120.76.
Shares of Lumber Liquidators Holdings (NYSE:LL) traded up 2.86% on Monday, hitting $106.732. The stock had a trading volume of 419,044 shares. Lumber Liquidators Holdings has a 52-week low of $53.73 and a 52-week high of $119.98. The stock has a 50-day moving average of $97.58 and a 200-day moving average of $103.0. The company has a market cap of $2.941 billion and a price-to-earnings ratio of 37.46.
Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings data on Friday, February 28th. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.02. The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $255.65 million. On average, analysts predict that Lumber Liquidators Holdings will post $2.75 earnings per share for the current fiscal year.
Lumber Liquidators Holdings, Inc (NYSE:LL) is retailer of hardwood flooring, and hardwood flooring enhancements and accessories.
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