Lumber Liquidators Holdings Lowered to “Neutral” at Credit Suisse (LL)
Lumber Liquidators Holdings (NYSE:LL) was downgraded by stock analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $65.00 price objective on the stock, down from their previous price objective of $100.00. Credit Suisse’s price objective would indicate a potential upside of 17.65% from the company’s current price.
A number of other analysts have also recently weighed in on LL. Analysts at Jefferies Group downgraded shares of Lumber Liquidators Holdings from a “buy” rating to a “hold” rating in a research note on Thursday. They now have a $57.00 price target on the stock, down previously from $115.00. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Lumber Liquidators Holdings in a research note on Tuesday, July 1st. They now have a $100.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.92.
Shares of Lumber Liquidators Holdings (NYSE:LL) traded down 21.54% on Thursday, hitting $55.25. 10,360,056 shares of the company’s stock traded hands. Lumber Liquidators Holdings has a 1-year low of $69.65 and a 1-year high of $119.98. The stock’s 50-day moving average is $77.76 and its 200-day moving average is $91.0. The company has a market cap of $1.515 billion and a P/E ratio of 26.18. Lumber Liquidators Holdings also was the recipient of some unusual options trading on Thursday. Investors purchased 4,919 put options on the company. This is an increase of 305% compared to the average volume of 1,215 put options.
Lumber Liquidators Holdings (NYSE:LL) last released its earnings data on Wednesday, April 30th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Lumber Liquidators Holdings will post $3.34 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.