Lumber Liquidators Holdings, Inc (NYSE:LL) has been assigned a $39.00 price objective by equities research analysts at Wedbush in a research report issued on Wednesday, October 25th. The firm presently has a “buy” rating on the specialty retailer’s stock. Wedbush’s price target indicates a potential upside of 34.48% from the company’s current price.
LL has been the subject of several other reports. Piper Jaffray Companies restated a “hold” rating and issued a $32.00 target price on shares of Lumber Liquidators Holdings in a report on Friday, September 8th. Morgan Stanley upped their target price on Lumber Liquidators Holdings from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $43.00 price target on shares of Lumber Liquidators Holdings in a report on Wednesday, October 4th. Zacks Investment Research cut Lumber Liquidators Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, BidaskClub cut Lumber Liquidators Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.78.
Shares of Lumber Liquidators Holdings (LL) traded down $0.43 during trading hours on Wednesday, reaching $29.00. The company’s stock had a trading volume of 552,600 shares, compared to its average volume of 1,163,870. 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 Holdings has a 12 month low of $14.99 and a 12 month high of $41.33.
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A number of institutional investors and hedge funds have recently bought and sold shares of LL. FMR LLC acquired a new position in Lumber Liquidators Holdings during the 2nd quarter worth about $10,906,000. PDT Partners LLC lifted its stake in Lumber Liquidators Holdings by 431.1% during the 2nd quarter. PDT Partners LLC now owns 412,000 shares of the specialty retailer’s stock worth $10,325,000 after acquiring an additional 334,420 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Lumber Liquidators Holdings during the 1st quarter worth about $6,339,000. Columbus Circle Investors lifted its stake in Lumber Liquidators Holdings by 184.8% during the 3rd quarter. Columbus Circle Investors now owns 404,804 shares of the specialty retailer’s stock worth $15,779,000 after acquiring an additional 262,673 shares in the last quarter. Finally, Quantitative Investment Management LLC lifted its stake in Lumber Liquidators Holdings by 342.3% during the 2nd quarter. Quantitative Investment Management LLC now owns 311,400 shares of the specialty retailer’s stock worth $7,803,000 after acquiring an additional 241,000 shares in the last quarter. 76.63% of the stock is currently owned by hedge funds and other institutional investors.
About Lumber Liquidators Holdings
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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