Lumber Liquidators Holdings Inc (LL) Receives Average Rating of “Hold” from Analysts
Lumber Liquidators Holdings Inc (NYSE:LL) has earned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $30.89.
Several research firms have issued reports on LL. Morgan Stanley boosted their price objective on Lumber Liquidators from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Oppenheimer restated an “outperform” rating and set a $43.00 price objective on shares of Lumber Liquidators in a report on Wednesday, October 4th. Zacks Investment Research downgraded Lumber Liquidators from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Piper Jaffray Companies set a $32.00 price objective on Lumber Liquidators and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Wedbush set a $39.00 price objective on Lumber Liquidators and gave the stock a “buy” rating in a report on Wednesday, October 25th.
Shares of Lumber Liquidators (NYSE LL) opened at $30.47 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.84 and a quick ratio of 0.21. Lumber Liquidators has a 1 year low of $15.00 and a 1 year high of $41.33. The company has a market cap of $867.95, a PE ratio of -18.69, a price-to-earnings-growth ratio of 1.34 and a beta of 2.05.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Lumber Liquidators during the third quarter worth approximately $161,000. Captrust Financial Advisors bought a new stake in Lumber Liquidators during the second quarter worth approximately $118,000. Crossmark Global Holdings Inc. bought a new stake in Lumber Liquidators during the third quarter worth approximately $218,000. Piedmont Investment Advisors LLC bought a new stake in Lumber Liquidators during the third quarter worth approximately $241,000. Finally, BNP Paribas Arbitrage SA boosted its position in Lumber Liquidators by 13.4% during the second quarter. BNP Paribas Arbitrage SA now owns 8,732 shares of the specialty retailer’s stock worth $219,000 after purchasing an additional 1,035 shares during the period. 78.86% of the stock is owned by institutional investors and hedge funds.
Lumber Liquidators 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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