Goldman Sachs Reiterates Buy Rating for Lumber Liquidators Holdings (LL)
Lumber Liquidators Holdings (NYSE:LL)‘s stock had its “buy” rating reiterated by investment analysts at Goldman Sachs in a note issued to investors on Tuesday. They currently have a $100.00 price objective on the stock. Goldman Sachs’ target price points to a potential upside of 31.67% from the company’s current price.
A number of other analysts have also recently weighed in on LL. Analysts at Morgan Stanley initiated coverage on shares of Lumber Liquidators Holdings in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $84.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Lumber Liquidators Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 17th. They now have a $74.80 price target on the stock. Finally, analysts at Stephens upgraded shares of Lumber Liquidators Holdings from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $107.48.
Lumber Liquidators Holdings (NYSE:LL) opened at 75.95 on Tuesday. Lumber Liquidators Holdings has a 52-week low of $72.86 and a 52-week high of $119.98. The stock has a 50-day moving average of $79.26 and a 200-day moving average of $92.04. The company has a market cap of $2.083 billion and a price-to-earnings ratio of 28.23.
Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.49 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.13. The company had revenue of $246.30 million for the quarter, compared to the consensus estimate of $262.04 million. During the same quarter last year, the company posted $0.57 earnings per share. Lumber Liquidators Holdings’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Lumber Liquidators Holdings will post $3.37 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.