Lumber Liquidators (LL) Rating Lowered to Neutral at Wedbush

Lumber Liquidators (NYSE:LL) was downgraded by equities researchers at Wedbush from an “outperform” rating to a “neutral” rating in a report issued on Monday. They presently have a $39.00 price objective on the specialty retailer’s stock, up from their prior price objective of $28.00. Wedbush’s target price indicates a potential upside of 45.20% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Piper Jaffray Companies set a $32.00 price target on shares of Lumber Liquidators and gave the company a “hold” rating in a research report on Wednesday, October 25th. TheStreet cut shares of Lumber Liquidators from a “c” rating to a “d+” rating in a research report on Thursday, November 2nd. Zacks Investment Research cut shares of Lumber Liquidators from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Moffett Nathanson started coverage on shares of Lumber Liquidators in a research report on Monday, December 4th. They set a “buy” rating on the stock. Finally, Oppenheimer reiterated a “buy” rating on shares of Lumber Liquidators in a research report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Lumber Liquidators presently has a consensus rating of “Hold” and a consensus target price of $30.89.

Shares of Lumber Liquidators (LL) opened at $26.86 on Monday. The firm has a market cap of $765.11, a P/E ratio of -16.48, a P/E/G ratio of 1.18 and a beta of 1.82. 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 one year low of $15.25 and a one year high of $41.33.

Several institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors grew its holdings in shares of Lumber Liquidators by 3.9% in the second quarter. Nationwide Fund Advisors now owns 15,708 shares of the specialty retailer’s stock worth $394,000 after purchasing an additional 590 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Lumber Liquidators by 8.6% in the second quarter. Voya Investment Management LLC now owns 12,770 shares of the specialty retailer’s stock worth $320,000 after purchasing an additional 1,009 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Lumber Liquidators by 7.3% in the second quarter. Thrivent Financial For Lutherans now owns 17,230 shares of the specialty retailer’s stock worth $432,000 after purchasing an additional 1,170 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Lumber Liquidators by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 21,889 shares of the specialty retailer’s stock worth $549,000 after purchasing an additional 1,195 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Lumber Liquidators by 10.4% in the second quarter. Wells Fargo & Company MN now owns 21,957 shares of the specialty retailer’s stock worth $550,000 after purchasing an additional 2,072 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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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.

Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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