Lumber Liquidators Holdings, Inc (NYSE:LL) – Equities research analysts at SunTrust Banks boosted their Q1 2018 EPS estimates for Lumber Liquidators Holdings in a note issued to investors on Tuesday. SunTrust Banks analyst K. Hughes now expects that the specialty retailer will post earnings of ($0.02) per share for the quarter, up from their prior estimate of ($0.04).

A number of other analysts have also issued reports on LL. Piper Jaffray Companies set a $34.00 price target on shares of Lumber Liquidators Holdings and gave the stock a “neutral” rating in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price target on shares of Lumber Liquidators Holdings in a research report on Wednesday. Jefferies Group LLC reissued a “hold” rating and issued a $33.00 price target (up from $19.00) on shares of Lumber Liquidators Holdings in a research report on Wednesday, August 2nd. Wedbush set a $39.00 price target on shares of Lumber Liquidators Holdings and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $30.78.

COPYRIGHT VIOLATION NOTICE: “SunTrust Banks Weighs in on Lumber Liquidators Holdings, Inc’s Q1 2018 Earnings (LL)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/02/suntrust-banks-weighs-in-on-lumber-liquidators-holdings-incs-q1-2018-earnings-ll.html.

Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative net margin of 4.57% and a negative return on equity of 2.39%. The firm had revenue of $263.50 million during the quarter, compared to analyst estimates of $256.89 million. During the same quarter in the prior year, the business posted ($0.45) earnings per share. Lumber Liquidators Holdings’s revenue for the quarter was up 10.7% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisory Group LLC bought a new position in shares of Lumber Liquidators Holdings in the second quarter valued at approximately $307,000. EAM Investors LLC bought a new position in shares of Lumber Liquidators Holdings in the second quarter valued at approximately $3,047,000. Ameriprise Financial Inc. raised its position in shares of Lumber Liquidators Holdings by 7.8% in 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 during the period. Renaissance Technologies LLC bought a new position in shares of Lumber Liquidators Holdings in the first quarter valued at approximately $6,339,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Lumber Liquidators Holdings in the second quarter valued at approximately $479,000. 76.67% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Lumber Liquidators Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumber Liquidators Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.