Lumber Liquidators Holdings, Inc (NYSE:LL) – Equities researchers at Wedbush lifted their Q4 2017 EPS estimates for Lumber Liquidators Holdings in a research note issued to investors on Tuesday. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings of $0.13 per share for the quarter, up from their prior forecast of $0.08. Wedbush has a “Buy” rating and a $39.00 price objective on the stock.

LL has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $43.00 price objective on shares of Lumber Liquidators Holdings in a research note on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price objective on shares of Lumber Liquidators Holdings in a research note on Wednesday. BidaskClub raised shares of Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday. Finally, TheStreet raised shares of Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Lumber Liquidators Holdings presently has an average rating of “Hold” and a consensus target price of $30.78.

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/02/wedbush-equities-analysts-increase-earnings-estimates-for-lumber-liquidators-holdings-inc-ll.html. Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $263.50 million during the quarter, compared to analyst estimates of $256.89 million. During the same quarter last year, the company earned ($0.45) EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.

A number of hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System raised its holdings in Lumber Liquidators Holdings by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the specialty retailer’s stock valued at $291,000 after acquiring an additional 100 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of Lumber Liquidators Holdings by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 20,723 shares of the specialty retailer’s stock worth $519,000 after buying an additional 270 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Lumber Liquidators Holdings by 0.5% during the 1st quarter. JPMorgan Chase & Co. now owns 65,483 shares of the specialty retailer’s stock worth $1,374,000 after buying an additional 336 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of 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 buying an additional 420 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of Lumber Liquidators Holdings by 3.9% during the 2nd quarter. Nationwide Fund Advisors now owns 15,708 shares of the specialty retailer’s stock worth $394,000 after buying an additional 590 shares during the last quarter. 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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