Thompson Investment Management Inc. boosted its position in shares of Lumber Liquidators Holdings Inc (NYSE:LL) by 19.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 504,326 shares of the specialty retailer’s stock after acquiring an additional 80,415 shares during the period. Thompson Investment Management Inc. owned 1.76% of Lumber Liquidators worth $4,978,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. NEXT Financial Group Inc lifted its position in Lumber Liquidators by 147.3% during the third quarter. NEXT Financial Group Inc now owns 2,881 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 1,716 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Lumber Liquidators during the second quarter valued at approximately $29,000. Advisory Services Network LLC bought a new stake in Lumber Liquidators during the second quarter valued at approximately $82,000. Cubist Systematic Strategies LLC bought a new stake in Lumber Liquidators during the second quarter valued at approximately $112,000. Finally, Aperio Group LLC bought a new stake in Lumber Liquidators during the second quarter valued at approximately $123,000. 83.31% of the stock is owned by institutional investors.
Several brokerages have issued reports on LL. Raymond James lifted their target price on shares of Lumber Liquidators from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Evercore ISI reiterated a “hold” rating on shares of Lumber Liquidators in a research report on Wednesday, August 7th. ValuEngine upgraded shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Lumber Liquidators presently has an average rating of “Hold” and an average price target of $11.14.
Shares of LL traded down $0.18 during mid-day trading on Friday, reaching $9.15. The company’s stock had a trading volume of 1,106,763 shares, compared to its average volume of 1,336,393. The stock has a market cap of $265.19 million, a PE ratio of 16.05, a P/E/G ratio of 0.84 and a beta of 1.98. The company has a current ratio of 1.47, a quick ratio of 0.22 and a debt-to-equity ratio of 1.27. Lumber Liquidators Holdings Inc has a 52 week low of $6.59 and a 52 week high of $14.44. The company’s fifty day moving average price is $9.42 and its two-hundred day moving average price is $10.28.
Lumber Liquidators (NYSE:LL) last announced its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.12). The business had revenue of $263.96 million during the quarter, compared to the consensus estimate of $276.01 million. Lumber Liquidators had a positive return on equity of 6.17% and a negative net margin of 5.37%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Research analysts anticipate that Lumber Liquidators Holdings Inc will post 0.37 EPS for the current year.
In other Lumber Liquidators news, insider Michael L. Reeves acquired 14,900 shares of the stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of $8.32 per share, for a total transaction of $123,968.00. Following the acquisition, the insider now owns 44,631 shares in the company, valued at approximately $371,329.92. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.
About Lumber Liquidators
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood brand.
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