California Public Employees Retirement System reduced its stake in Lumber Liquidators Holdings Inc (NYSE:LL) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,079 shares of the specialty retailer’s stock after selling 15,935 shares during the period. California Public Employees Retirement System owned about 0.32% of Lumber Liquidators worth $2,859,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of LL. State Street Corp boosted its stake in shares of Lumber Liquidators by 5.1% in the 2nd quarter. State Street Corp now owns 631,095 shares of the specialty retailer’s stock valued at $15,820,000 after purchasing an additional 30,639 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Lumber Liquidators by 5.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,889 shares of the specialty retailer’s stock valued at $549,000 after purchasing an additional 1,195 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Lumber Liquidators in the 3rd quarter valued at approximately $218,000. Canada Pension Plan Investment Board acquired a new stake in shares of Lumber Liquidators in the 3rd quarter valued at approximately $1,119,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Lumber Liquidators by 68.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 14,750 shares of the specialty retailer’s stock valued at $575,000 after purchasing an additional 6,018 shares in the last quarter. Institutional investors own 78.41% of the company’s stock.
A number of equities research analysts have recently weighed in on LL shares. Zacks Investment Research downgraded shares of Lumber Liquidators from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Moffett Nathanson started coverage on shares of Lumber Liquidators in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Morgan Stanley reduced their price target on shares of Lumber Liquidators from $35.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Wedbush restated a “neutral” rating and issued a $23.00 price target (down from $28.00) on shares of Lumber Liquidators in a research note on Wednesday, February 28th. Finally, Jefferies Group restated a “hold” rating and issued a $24.00 price target on shares of Lumber Liquidators in a research note on Thursday, March 1st. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.00.
Lumber Liquidators Holdings Inc (LL) opened at $24.29 on Tuesday. The stock has a market cap of $722.23, a P/E ratio of -18.26, a P/E/G ratio of 1.36 and a beta of 1.90. Lumber Liquidators Holdings Inc has a fifty-two week low of $18.26 and a fifty-two week high of $41.33. The company has a quick ratio of 0.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.08.
Lumber Liquidators (NYSE:LL) last issued its quarterly earnings data on Tuesday, February 27th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $259.86 million during the quarter, compared to analyst estimates of $264.56 million. Lumber Liquidators had a negative net margin of 3.68% and a positive return on equity of 1.71%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.20) EPS. equities analysts expect that Lumber Liquidators Holdings Inc will post 0.79 earnings per share for the current year.
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Lumber Liquidators 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.
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