Lumber Liquidators Holdings Trading Down 20.6% After Analyst Downgrade (LL)
Lumber Liquidators Holdings (NYSE:LL)’s share price was down 20.6% during mid-day trading on Thursday after Goldman Sachs lowered their price target on the stock to $77.00, AnalystRatingsNetwork.com reports. The stock traded as low as $54.31 and last traded at $55.94, with a volume of 7,992,342 shares traded. The stock had previously closed at $70.42.
A number of other analysts have also recently weighed in on LL. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Lumber Liquidators Holdings in a research note on Thursday. They now have a $100.00 price target on the stock, down previously from $122.00. Separately, analysts at Credit Suisse downgraded shares of Lumber Liquidators Holdings from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $65.00 price target on the stock, down previously from $100.00. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $85.92.
The stock has a 50-day moving average of $77.76 and a 200-day moving average of $91.0. The company has a market cap of $1.545 billion and a price-to-earnings ratio of 26.18.
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 $3.34 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.
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