Lumber Liquidators Holdings Inc (NYSE:LL) – Equities researchers at Wedbush cut their Q1 2019 earnings per share estimates for Lumber Liquidators in a research note issued to investors on Tuesday, October 30th. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.04. Wedbush currently has a “Neutral” rating and a $12.00 target price on the stock. Wedbush also issued estimates for Lumber Liquidators’ Q3 2019 earnings at $0.25 EPS and FY2020 earnings at $0.91 EPS.
Lumber Liquidators (NYSE:LL) last posted its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Lumber Liquidators had a return on equity of 6.14% and a net margin of 0.51%. The company had revenue of $270.47 million during the quarter, compared to analysts’ expectations of $281.82 million. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis.
A number of other analysts have also recently weighed in on LL. Zacks Investment Research raised Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Thursday. Loop Capital set a $24.00 price objective on Lumber Liquidators and gave the stock a “buy” rating in a research report on Tuesday. Credit Suisse Group decreased their price objective on Lumber Liquidators from $17.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday. SunTrust Banks decreased their price objective on Lumber Liquidators to $13.00 and set a “hold” rating for the company in a research report on Thursday. Finally, CIBC reaffirmed a “market perform” rating on shares of Lumber Liquidators in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.40.
Lumber Liquidators stock opened at $12.57 on Thursday. Lumber Liquidators has a twelve month low of $9.95 and a twelve month high of $32.63. The company has a quick ratio of 0.16, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. The company has a market cap of $329.91 million, a price-to-earnings ratio of -9.45, a P/E/G ratio of 0.90 and a beta of 1.37.
Institutional investors and hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in shares of Lumber Liquidators in the 2nd quarter valued at approximately $127,000. First Mercantile Trust Co. acquired a new stake in shares of Lumber Liquidators in the 2nd quarter valued at approximately $127,000. NumerixS Investment Technologies Inc lifted its holdings in shares of Lumber Liquidators by 530.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock valued at $156,000 after buying an additional 5,300 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Lumber Liquidators in the 2nd quarter valued at approximately $162,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Lumber Liquidators in the 2nd quarter valued at approximately $177,000. 76.22% of the stock is owned by institutional investors and hedge funds.
About Lumber Liquidators
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; 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 and Morning Star Bamboo brands.
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