Lumber Liquidators Holdings, Inc (NYSE:LL) – Investment analysts at Jefferies Group lowered their FY2017 earnings estimates for shares of Lumber Liquidators Holdings in a note issued to investors on Tuesday. Jefferies Group analyst D. Binder now forecasts that the specialty retailer will post earnings per share of ($1.35) for the year, down from their previous estimate of ($0.67). Jefferies Group currently has a “Hold” rating and a $33.00 target price on the stock. Jefferies Group also issued estimates for Lumber Liquidators Holdings’ Q4 2017 earnings at $0.03 EPS, FY2018 earnings at $0.76 EPS and FY2019 earnings at $0.79 EPS.

Lumber Liquidators Holdings (NYSE:LL) last posted its earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative return on equity of 2.39% and a negative net margin of 4.57%. The business had revenue of $263.50 million during the quarter, compared to analysts’ expectations of $256.89 million. During the same period in the previous year, the business earned ($0.45) earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. WARNING: This news story was first reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/02/jefferies-group-analysts-decrease-earnings-estimates-for-lumber-liquidators-holdings-inc-ll.html.

LL has been the subject of a number of other research reports. Piper Jaffray Companies set a $34.00 price target on Lumber Liquidators Holdings and gave the stock a “neutral” rating in a research note on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price target on shares of Lumber Liquidators Holdings in a research note on Wednesday. Zacks Investment Research upgraded Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Wednesday. Wedbush set a $39.00 price target on Lumber Liquidators Holdings and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Oppenheimer Holdings, Inc. set a $34.00 price target on Lumber Liquidators Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.78.

Several institutional investors have recently modified their holdings of LL. Bank of New York Mellon Corp grew its position in shares of Lumber Liquidators Holdings by 9.3% during the first quarter. Bank of New York Mellon Corp now owns 305,991 shares of the specialty retailer’s stock valued at $6,423,000 after purchasing an additional 26,030 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Lumber Liquidators Holdings during the first quarter valued at about $220,000. Ameriprise Financial Inc. grew its position in shares of Lumber Liquidators Holdings by 7.8% during the first quarter. Ameriprise Financial Inc. now owns 149,702 shares of the specialty retailer’s stock valued at $3,142,000 after purchasing an additional 10,867 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Lumber Liquidators Holdings by 0.5% during the first quarter. JPMorgan Chase & Co. now owns 65,483 shares of the specialty retailer’s stock valued at $1,374,000 after purchasing an additional 336 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Lumber Liquidators Holdings by 3.9% during the first quarter. Prudential Financial Inc. now owns 47,578 shares of the specialty retailer’s stock valued at $999,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 76.67% 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.

Earnings History and Estimates for Lumber Liquidators Holdings (NYSE:LL)

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