Lumber Liquidators Holdings Inc Expected to Earn FY2017 Earnings of ($1.37) Per Share (LL)

Lumber Liquidators Holdings Inc (NYSE:LL) – Stock analysts at Wedbush decreased their FY2017 earnings per share (EPS) estimates for shares of Lumber Liquidators in a note issued to investors on Monday. Wedbush analyst S. Basham now forecasts that the specialty retailer will earn ($1.37) per share for the year, down from their previous forecast of ($1.31). Wedbush currently has a “Neutral” rating and a $28.00 target price on the stock. Wedbush also issued estimates for Lumber Liquidators’ Q4 2017 earnings at $0.07 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.66 EPS and FY2019 earnings at $1.09 EPS.

A number of other analysts have also weighed in on the stock. Zacks Investment Research raised shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, January 3rd. Moffett Nathanson began coverage on shares of Lumber Liquidators in a report on Monday, December 4th. They issued a “buy” rating for the company. TheStreet lowered shares of Lumber Liquidators from a “c” rating to a “d+” rating in a report on Thursday, November 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price target on shares of Lumber Liquidators in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $34.00 price target on shares of Lumber Liquidators and gave the company a “neutral” rating in a report on Wednesday, November 1st. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $29.67.

Shares of Lumber Liquidators (NYSE LL) opened at $23.13 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.21 and a current ratio of 1.84. Lumber Liquidators has a fifty-two week low of $15.25 and a fifty-two week high of $41.33.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Lumber Liquidators in the 3rd quarter valued at $161,000. Crossmark Global Holdings Inc. bought a new stake in Lumber Liquidators in the 3rd quarter valued at $218,000. Leucadia National Corp bought a new stake in Lumber Liquidators in the 4th quarter valued at $235,000. Piedmont Investment Advisors LLC bought a new stake in Lumber Liquidators in the 3rd quarter valued at $241,000. Finally, Verition Fund Management LLC bought a new stake in Lumber Liquidators in the 2nd quarter valued at $251,000. 78.37% of the stock is currently owned by institutional investors.

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About Lumber Liquidators

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 (NYSE:LL)

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