Insider Selling: Lumber Liquidators Holdings Insider Unloads 1,287 Shares of Stock (LL)
Lumber Liquidators Holdings (NYSE:LL) Insider William K. Schlegel sold 1,287 shares of Lumber Liquidators Holdings stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $58.05, for a total transaction of $74,710.35. Following the completion of the sale, the insider now directly owns 2,581 shares in the company, valued at approximately $149,827. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
LL has been the subject of a number of recent research reports. 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 investment 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 target price of $80.03.
Shares of Lumber Liquidators Holdings (NYSE:LL) traded down 1.69% on Thursday, hitting $57.47. 703,429 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 $56.12 and a 200-day moving average of $80.48. The company has a market cap of $1.558 billion and a P/E ratio of 22.83. Lumber Liquidators Holdings also was the recipient of unusually large options trading on Tuesday. Stock investors purchased 7,713 put options on the company. This is an increase of 595% compared to the average volume of 1,109 put options.
Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Lumber Liquidators Holdings will post $2.71 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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