Lumber Liquidators Holdings, Inc (LL) Given Hold Rating at Piper Jaffray Companies
Lumber Liquidators Holdings, Inc (NYSE:LL)‘s stock had its “hold” rating reissued by research analysts at Piper Jaffray Companies in a report released on Friday. They currently have a $32.00 price objective on the specialty retailer’s stock. Piper Jaffray Companies’ price objective points to a potential downside of 20.91% from the stock’s current price.
Several other analysts have also weighed in on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Lumber Liquidators Holdings in a report on Saturday, May 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price objective (up previously from $19.00) on shares of Lumber Liquidators Holdings in a research report on Wednesday, August 2nd. TheStreet raised Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Wedbush increased their price target on Lumber Liquidators Holdings from $27.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub downgraded Lumber Liquidators Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Eight research 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 a consensus rating of “Hold” and a consensus price target of $27.78.
Shares of Lumber Liquidators Holdings (NYSE LL) traded up 1.94% during midday trading on Friday, hitting $40.46. 1,986,400 shares of the stock were exchanged. Lumber Liquidators Holdings has a 52-week low of $14.02 and a 52-week high of $41.33. The stock’s market cap is $1.15 billion. The firm’s 50 day moving average price is $34.35 and its 200-day moving average price is $26.04.
Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping the Zacks’ 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 company had revenue of $263.50 million for the quarter, compared to analysts’ expectations of $256.89 million. During the same period 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, equities research analysts expect that Lumber Liquidators Holdings will post ($0.69) earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of the business. Captrust Financial Advisors purchased a new stake in shares of Lumber Liquidators Holdings in the 2nd quarter valued at $118,000. Mason Street Advisors LLC grew its stake in Lumber Liquidators Holdings by 11.0% during the 1st quarter. Mason Street Advisors LLC now owns 6,606 shares of the specialty retailer’s stock worth $139,000 after purchasing an additional 652 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Lumber Liquidators Holdings by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 2,488 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Lumber Liquidators Holdings by 27.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,697 shares of the specialty retailer’s stock worth $162,000 after purchasing an additional 1,676 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Lumber Liquidators Holdings by 6.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock worth $167,000 after purchasing an additional 420 shares in the last quarter. Institutional investors own 78.91% 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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