Lumber Liquidators Holdings, Inc (NYSE:LL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Lumber Liquidators, Inc. is a specialty retailer of hardwood flooring. The Company offers a selection of hardwood flooring products under multiple brands. Lumber Liquidators sells its products through more than 110 Lumber Liquidators stores across the U.S., a call center, its Website and catalog. The Company offers hardwood flooring products from more than twenty five domestic and exotic wood species in both prefinished and unfinished brands of various widths and lengths. Lumber Liquidators also offers an assortment of flooring enhancements and installation accessories including moldings, noise-reducing underlays and adhesives. The Company’s product offering is substantially comprised of its own brands, including its Bellawood brand, as well as its Builder’s Pride, Virginia Mill Works, Schon, Morning Star Bamboo and Dream Home brands. “

Several other research analysts have also weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $33.00 target price on shares of Lumber Liquidators Holdings in a research note on Wednesday. Piper Jaffray Companies set a $34.00 target price on shares of Lumber Liquidators Holdings and gave the stock a “neutral” rating in a research note on Wednesday. Oppenheimer Holdings, Inc. set a $43.00 target price on shares of Lumber Liquidators Holdings and gave the stock a “buy” rating in a research note on Tuesday. Wedbush set a $39.00 target price on shares of Lumber Liquidators Holdings and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley increased their target price on shares of Lumber Liquidators Holdings from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Lumber Liquidators Holdings presently has an average rating of “Hold” and an average price target of $30.78.

Lumber Liquidators Holdings (NYSE:LL) last announced its earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. The company 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 4.57% and a negative return on equity of 2.39%. Lumber Liquidators Holdings’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.45) earnings per share.

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Institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors purchased a new position in Lumber Liquidators Holdings in the second quarter worth approximately $118,000. Crossmark Global Holdings Inc. purchased a new position in Lumber Liquidators Holdings in the third quarter worth approximately $218,000. State of Alaska Department of Revenue lifted 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 worth $140,000 after acquiring an additional 2,488 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted 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 worth $167,000 after acquiring an additional 420 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new position in Lumber Liquidators Holdings in the second quarter worth approximately $183,000. Institutional investors own 76.67% 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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Analyst Recommendations for Lumber Liquidators Holdings (NYSE:LL)

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