Lumber Liquidators Holdings Raised to Outperform at Wedbush (LL)
Lumber Liquidators Holdings (NYSE:LL) was upgraded by stock analysts at Wedbush from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on LL. 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 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. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Lumber Liquidators Holdings presently has an average rating of “Hold” and an average target price of $82.03.
Shares of Lumber Liquidators Holdings (NYSE:LL) opened at 55.33 on Wednesday. Lumber Liquidators Holdings has a one year low of $52.76 and a one year high of $119.98. The stock’s 50-day moving average is $55.85 and its 200-day moving average is $79.40. The company has a market cap of $1.500 billion and a price-to-earnings ratio of 22.34.
Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings results 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. Analysts expect that Lumber Liquidators Holdings will post $2.71 EPS for the current fiscal year.
In other Lumber Liquidators Holdings news, Director Douglas T. Moore sold 2,200 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $58.39, for a total transaction of $128,458.00. 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.