Lumber Liquidators Holdings, Inc (LL) Price Target Increased to $39.00 by Analysts at Wedbush

Lumber Liquidators Holdings, Inc (NYSE:LL) had its target price upped by Wedbush from $35.00 to $39.00 in a research note published on Wednesday morning. The firm currently has an outperform rating on the specialty retailer’s stock.

Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Lumber Liquidators Holdings from a hold rating to a buy rating and set a $28.00 target price on the stock in a report on Wednesday, July 5th. Stifel Nicolaus lifted their price objective on shares of Lumber Liquidators Holdings from $20.00 to $33.00 and gave the company a hold rating in a report on Wednesday, August 2nd. Piper Jaffray Companies set a $32.00 price objective on shares of Lumber Liquidators Holdings and gave the company a hold rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. set a $34.00 price objective on shares of Lumber Liquidators Holdings and gave the company a buy rating in a report on Wednesday, July 26th. Finally, BidaskClub upgraded shares of Lumber Liquidators Holdings from a sell rating to a hold rating in a report on Wednesday, August 23rd. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $29.89.

Lumber Liquidators Holdings (LL) traded down 1.00% on Wednesday, reaching $34.81. 750,722 shares of the company’s stock traded hands. The stock’s 50 day moving average is $37.58 and its 200 day moving average is $29.25. Lumber Liquidators Holdings has a 52-week low of $14.02 and a 52-week high of $41.33. The firm’s market cap is $989.09 million.

Lumber Liquidators Holdings (NYSE:LL) last announced its earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.24. The firm had revenue of $263.50 million for the quarter, compared to the consensus estimate of $256.89 million. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted ($0.45) EPS. On average, equities research analysts predict that Lumber Liquidators Holdings will post ($0.69) EPS for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors acquired a new position in Lumber Liquidators Holdings during the second quarter worth $118,000. Mason Street Advisors LLC boosted its position in Lumber Liquidators Holdings by 11.0% during the first quarter. Mason Street Advisors LLC now owns 6,606 shares of the specialty retailer’s stock worth $139,000 after purchasing an additional 652 shares during the period. State of Alaska Department of Revenue boosted its position in Lumber Liquidators Holdings by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 2,488 shares during the period. BNP Paribas Arbitrage SA boosted its position in Lumber Liquidators Holdings by 27.8% during the first quarter. BNP Paribas Arbitrage SA now owns 7,697 shares of the specialty retailer’s stock worth $162,000 after purchasing an additional 1,676 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in Lumber Liquidators Holdings by 6.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock worth $167,000 after purchasing an additional 420 shares during the period. Institutional investors and hedge funds own 77.32% of the company’s stock.

Lumber Liquidators Holdings 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 Holdings (NYSE:LL)

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