Lumber Liquidators Holdings Sees Unusually Large Options Volume (LL)
Shares of Lumber Liquidators Holdings (NYSE:LL) saw some unusual options trading activity on Tuesday. Traders bought 7,713 put options on the company, American Banking News.com reports. This represents an increase of 595% compared to the typical volume of 1,109 put options.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Lumber Liquidators Holdings from $84.00 to $77.00 in a research note on Monday, August 18th. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Lumber Liquidators Holdings currently has a consensus rating of “Hold” and an average price target of $80.03.
Shares of Lumber Liquidators Holdings (NYSE:LL) traded down 0.07% during mid-day trading on Tuesday, hitting $57.97. 756,043 shares of the company’s stock traded hands. Lumber Liquidators Holdings has a 1-year low of $52.76 and a 1-year high of $119.98. The stock has a 50-day moving average of $57.08 and a 200-day moving average of $80.92. The company has a market cap of $1.571 billion and a price-to-earnings ratio of 22.65.
Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, missing the analysts’ 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.
Lumber Liquidators Holdings, Inc (NYSE:LL) is retailer of hardwood flooring, and hardwood flooring enhancements and accessories.
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