Lumber Liquidators Holdings, Inc (LL) Price Target Increased to $39.00 by Analysts at Wedbush
Lumber Liquidators Holdings, Inc (NYSE:LL) had its price objective lifted by investment analysts at Wedbush from $35.00 to $39.00 in a report released on Wednesday, MarketBeat reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Wedbush’s price objective would indicate a potential upside of 10.92% from the stock’s current price.
LL has been the topic of several other reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $43.00 price objective on shares of Lumber Liquidators Holdings in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, July 5th. TheStreet upgraded shares of Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $32.00 price objective on shares of Lumber Liquidators Holdings and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $29.89.
Shares of Lumber Liquidators Holdings (NYSE LL) traded up 2.72% during midday trading on Wednesday, hitting $35.16. The company has a 50 day moving average of $37.58 and a 200-day moving average of $29.25. The company’s market cap is $999.04 million. Lumber Liquidators Holdings has a 12 month low of $14.02 and a 12 month high of $41.33.
Lumber Liquidators Holdings (NYSE:LL) last released 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. The company had revenue of $263.50 million for 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%. Lumber Liquidators Holdings’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.45) EPS. Equities research analysts expect that Lumber Liquidators Holdings will post ($0.69) EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Portformulas Corp acquired a new position in Lumber Liquidators Holdings in the 2nd quarter valued at about $342,000. Verition Fund Management LLC acquired a new position in Lumber Liquidators Holdings in the 2nd quarter valued at about $251,000. Private Advisory Group LLC acquired a new position in Lumber Liquidators Holdings in the 2nd quarter valued at about $307,000. The Manufacturers Life Insurance Company grew its stake in Lumber Liquidators Holdings by 5.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,889 shares of the specialty retailer’s stock valued at $549,000 after buying an additional 1,195 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Lumber Liquidators Holdings in the 2nd quarter valued at about $260,000. Institutional investors and hedge funds own 77.32% of the company’s stock.
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.
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