Lumber Liquidators Holdings Inc (LL) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in Lumber Liquidators Holdings Inc (NYSE:LL) by 13.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,881 shares of the specialty retailer’s stock after selling 8,835 shares during the quarter. California Public Employees Retirement System owned about 0.21% of Lumber Liquidators worth $1,434,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new position in shares of Lumber Liquidators in the 2nd quarter valued at approximately $127,000. Cubist Systematic Strategies LLC acquired a new position in shares of Lumber Liquidators in the 2nd quarter valued at approximately $220,000. Bank of America Corp DE grew its position in shares of Lumber Liquidators by 239.5% in the 2nd quarter. Bank of America Corp DE now owns 59,958 shares of the specialty retailer’s stock valued at $1,460,000 after purchasing an additional 42,297 shares during the period. Glen Harbor Capital Management LLC grew its position in shares of Lumber Liquidators by 95.8% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 9,588 shares of the specialty retailer’s stock valued at $233,000 after purchasing an additional 4,692 shares during the period. Finally, NumerixS Investment Technologies Inc grew its position 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 purchasing an additional 5,300 shares during the period. 76.22% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on LL. Piper Jaffray Companies reiterated a “hold” rating and issued a $21.00 price objective on shares of Lumber Liquidators in a research report on Wednesday, August 1st. Stifel Nicolaus decreased their price objective on Lumber Liquidators from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, August 1st. ValuEngine lowered Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 31st. Credit Suisse Group cut their target price on Lumber Liquidators from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 1st. Finally, Longbow Research assumed coverage on Lumber Liquidators in a research note on Friday, August 24th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $17.40.

NYSE LL opened at $12.57 on Monday. The company has a market capitalization of $359.75 million, a price-to-earnings ratio of -9.45, a PEG ratio of 0.98 and a beta of 1.50. The company has a current ratio of 1.89, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. Lumber Liquidators Holdings Inc has a 52 week low of $9.95 and a 52 week high of $32.63.

Lumber Liquidators (NYSE:LL) last released its earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.09. The firm had revenue of $270.47 million for the quarter, compared to analysts’ expectations of $281.82 million. Lumber Liquidators had a return on equity of 6.14% and a net margin of 0.51%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. As a group, equities analysts expect that Lumber Liquidators Holdings Inc will post 0.5 EPS for the current year.

Lumber Liquidators Company Profile

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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Institutional Ownership by Quarter for Lumber Liquidators (NYSE:LL)

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