Brokerages predict that Lumber Liquidators Holdings Inc (NYSE:LL) will post $264.24 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Lumber Liquidators’ earnings. The lowest sales estimate is $261.24 million and the highest is $266.87 million. Lumber Liquidators posted sales of $244.90 million in the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, February 27th.
On average, analysts expect that Lumber Liquidators will report full-year sales of $264.24 million for the current year, with estimates ranging from $1.03 billion to $1.04 billion. For the next year, analysts anticipate that the company will report sales of $1.11 billion per share, with estimates ranging from $1.10 billion to $1.12 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Lumber Liquidators.
LL has been the subject of several recent analyst reports. Zacks Investment Research downgraded Lumber Liquidators from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Oppenheimer restated a “buy” rating on shares of Lumber Liquidators in a research report on Wednesday, October 25th. Wedbush set a $39.00 price objective on Lumber Liquidators and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $32.00 price objective on Lumber Liquidators and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Lumber Liquidators in a research report on Wednesday, November 1st. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.67.
A number of institutional investors have recently bought and sold shares of LL. FMR LLC bought a new position in Lumber Liquidators in the second quarter valued at about $10,906,000. BlackRock Inc. raised its position in Lumber Liquidators by 7.7% in the fourth quarter. BlackRock Inc. now owns 4,087,391 shares of the specialty retailer’s stock valued at $128,302,000 after purchasing an additional 293,626 shares during the last quarter. Columbus Circle Investors raised its position in Lumber Liquidators by 184.8% in the third quarter. Columbus Circle Investors now owns 404,804 shares of the specialty retailer’s stock valued at $15,779,000 after purchasing an additional 262,673 shares during the last quarter. Chartwell Investment Partners LLC raised its position in Lumber Liquidators by 269.9% in the third quarter. Chartwell Investment Partners LLC now owns 292,262 shares of the specialty retailer’s stock valued at $11,392,000 after purchasing an additional 213,251 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Lumber Liquidators in the fourth quarter valued at about $6,008,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.
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.
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