Canaccord Genuity Lowers Lumber Liquidators Holdings Price Target to $77.00 (LL)
Stock analysts at Canaccord Genuity reduced their target price on shares of Lumber Liquidators Holdings (NYSE:LL) from $84.00 to $77.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 39.34% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Lumber Liquidators Holdings (NYSE:LL) traded up 3.40% during mid-day trading on Monday, hitting $57.14. 230,371 shares of the company’s stock traded hands. Lumber Liquidators Holdings has a 52 week low of $52.76 and a 52 week high of $119.98. The stock has a 50-day moving average of $59.6 and a 200-day moving average of $82.49. The company has a market cap of $1.549 billion and a P/E ratio of 21.58.
Lumber Liquidators Holdings (NYSE:LL) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by $0.30. The company had revenue of $263.10 million for the quarter, compared to the consensus estimate of $303.21 million. During the same quarter last year, the company posted $0.73 earnings per share. Lumber Liquidators Holdings’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that Lumber Liquidators Holdings will post $2.71 EPS for the current fiscal year.
LL has been the subject of a number of other recent research reports. Analysts at Wedbush reiterated a “neutral” rating on shares of Lumber Liquidators Holdings in a research note on Thursday, July 31st. They now have a $62.00 price target on the stock, down previously from $67.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Lumber Liquidators Holdings in a research note on Thursday, July 31st. They now have a $53.00 price target on the stock, down previously from $57.00. Finally, analysts at Raymond James upgraded shares of Lumber Liquidators Holdings from an “underperform” rating to a “market perform” rating in a research note on Thursday, July 31st. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $80.03.
In other Lumber Liquidators Holdings news, Director Douglas T. Moore sold 2,100 shares of Lumber Liquidators Holdings stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $55.03, for a total value of $115,563.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Lumber Liquidators Holdings, Inc (NYSE:LL) is retailer of hardwood flooring, and hardwood flooring enhancements and accessories.
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