Lumber Liquidators Holdings, Inc (NYSE:LL) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

LL has been the subject of several other research reports. Wedbush reissued an “outperform” rating and issued a $35.00 price target (up previously from $27.00) on shares of Lumber Liquidators Holdings in a research report on Tuesday, August 8th. TheStreet raised shares of Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. increased their price target on shares of Lumber Liquidators Holdings and gave the stock an “outperform” rating in a research report on Friday, August 18th. Stifel Nicolaus increased their price target on shares of Lumber Liquidators Holdings from $20.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies set a $32.00 price target on shares of Lumber Liquidators Holdings and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $27.78.

Shares of Lumber Liquidators Holdings (LL) traded up 4.43% during midday trading on Wednesday, reaching $38.70. The company’s stock had a trading volume of 2,594,894 shares. The firm’s 50 day moving average is $30.64 and its 200 day moving average is $24.56. The firm’s market capitalization is $1.10 billion. Lumber Liquidators Holdings has a 52 week low of $14.02 and a 52 week high of $39.29.

Lumber Liquidators Holdings (NYSE:LL) last announced its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.24. The business had revenue of $263.50 million during the quarter, compared to analyst estimates of $256.89 million. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.45) earnings per share. Equities analysts forecast that Lumber Liquidators Holdings will post ($0.69) EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in shares of Lumber Liquidators Holdings by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the specialty retailer’s stock valued at $291,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Lumber Liquidators Holdings by 1.3% in the second quarter. Texas Permanent School Fund now owns 20,723 shares of the specialty retailer’s stock valued at $519,000 after buying an additional 270 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Lumber Liquidators Holdings by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 65,483 shares of the specialty retailer’s stock valued at $1,374,000 after buying an additional 336 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of 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, Nationwide Fund Advisors boosted its stake in shares of Lumber Liquidators Holdings by 3.9% in the second quarter. Nationwide Fund Advisors now owns 15,708 shares of the specialty retailer’s stock valued at $394,000 after buying an additional 590 shares in the last quarter. 78.86% of the stock is currently owned by hedge funds and other institutional investors.

Lumber Liquidators Holdings Company Profile

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.

Analyst Recommendations for Lumber Liquidators Holdings (NYSE:LL)

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