Lumber Liquidators Holdings Inc (NYSE:LL) – Equities research analysts at Wedbush lifted their FY2018 EPS estimates for Lumber Liquidators in a research note issued to investors on Thursday. Wedbush analyst S. Basham now forecasts that the specialty retailer will post earnings of $0.76 per share for the year, up from their prior estimate of $0.65. Wedbush has a “Buy” rating and a $39.00 price target on the stock.
A number of other equities research analysts also recently issued reports on LL. Morgan Stanley increased their price objective on Lumber Liquidators from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Oppenheimer reiterated an “outperform” rating and issued a $43.00 price objective on shares of Lumber Liquidators in a research report on Wednesday, October 4th. Zacks Investment Research downgraded Lumber Liquidators from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Piper Jaffray Companies set a $32.00 price target on Lumber Liquidators and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $33.00 price target on shares of Lumber Liquidators in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.89.
Shares of Lumber Liquidators (NYSE:LL) traded down $1.33 during mid-day trading on Friday, hitting $30.47. The company had a trading volume of 790,893 shares, compared to its average volume of 595,778. The company has a quick ratio of 0.21, a current ratio of 1.84 and a debt-to-equity ratio of 0.17. Lumber Liquidators has a one year low of $14.99 and a one year high of $41.33. The stock has a market capitalization of $905.83, a P/E ratio of -18.69, a PEG ratio of 1.40 and a beta of 2.05.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Advisory Group LLC purchased a new stake in Lumber Liquidators during the second quarter valued at about $307,000. State Board of Administration of Florida Retirement System raised its position in Lumber Liquidators by 18.4% during the third quarter. State Board of Administration of Florida Retirement System now owns 25,220 shares of the specialty retailer’s stock valued at $983,000 after purchasing an additional 3,926 shares in the last quarter. EAM Investors LLC purchased a new stake in Lumber Liquidators during the second quarter valued at about $3,047,000. Ameriprise Financial Inc. grew its stake in shares of Lumber Liquidators by 6.5% during the third quarter. Ameriprise Financial Inc. now owns 204,938 shares of the specialty retailer’s stock valued at $7,987,000 after buying an additional 12,552 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Lumber Liquidators during the third quarter valued at about $1,860,000. Institutional investors and hedge funds own 78.86% of the company’s stock.
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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.
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