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.
See Also: What is the NASDAQ?
Want to see what other hedge funds are holding LL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lumber Liquidators Holdings Inc (NYSE:LL).
Receive News & Ratings for Lumber Liquidators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumber Liquidators and related companies with MarketBeat.com's FREE daily email newsletter.