Lumber Liquidators Holdings’ (LL) “Outperform” Rating Reiterated at Wedbush
Lumber Liquidators Holdings, Inc (NYSE:LL)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a report issued on Tuesday. They currently have a $35.00 price target on the specialty retailer’s stock, up from their previous price target of $27.00. Wedbush’s price target would indicate a potential downside of 2.75% from the stock’s previous close.
Other equities analysts have also issued reports about the company. ValuEngine upgraded Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Lumber Liquidators Holdings in a research note on Saturday, May 13th. Jefferies Group LLC boosted their price target on Lumber Liquidators Holdings from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. Morgan Stanley boosted their price target on Lumber Liquidators Holdings from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research lowered Lumber Liquidators Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.78.
Shares of Lumber Liquidators Holdings (LL) traded down 3.07% during midday trading on Tuesday, reaching $35.99. The company’s stock had a trading volume of 1,667,119 shares. The stock’s market capitalization is $1.02 billion. Lumber Liquidators Holdings has a 12 month low of $14.02 and a 12 month high of $37.84. The stock’s 50-day moving average is $26.40 and its 200 day moving average is $22.40.
Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The business had revenue of $263.50 million during the quarter, compared to analysts’ expectations of $256.89 million. During the same quarter in the previous year, the firm earned ($0.45) EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, analysts expect that Lumber Liquidators Holdings will post ($0.76) earnings per share for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in LL. Mason Street Advisors LLC raised its stake in Lumber Liquidators Holdings by 11.0% in the first quarter. Mason Street Advisors LLC now owns 6,606 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 652 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Lumber Liquidators Holdings by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 2,488 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Lumber Liquidators Holdings by 27.8% in the first quarter. BNP Paribas Arbitrage SA now owns 7,697 shares of the specialty retailer’s stock valued at $162,000 after buying an additional 1,676 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Lumber Liquidators Holdings by 6.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 420 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in Lumber Liquidators Holdings during the second quarter valued at $183,000. Institutional investors own 73.51% of the company’s stock.
About Lumber Liquidators Holdings
Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.
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