Lumber Liquidators Holdings Inc (LL) Receives Average Rating of “Hold” from Analysts

Shares of Lumber Liquidators Holdings Inc (NYSE:LL) have been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $16.89.

LL has been the topic of several recent research reports. Citigroup initiated coverage on shares of Lumber Liquidators in a research report on Wednesday, October 10th. They set a “neutral” rating and a $15.00 price objective on the stock. Morgan Stanley cut their price objective on shares of Lumber Liquidators from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 11th. Longbow Research initiated coverage on shares of Lumber Liquidators in a research report on Friday, August 24th. They set a “neutral” rating on the stock. UBS Group lowered shares of Lumber Liquidators from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 30th. Finally, Stifel Nicolaus cut their price objective on shares of Lumber Liquidators from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, August 1st.

Shares of LL opened at $11.68 on Friday. The company has a market cap of $348.02 million, a P/E ratio of -8.78, a price-to-earnings-growth ratio of 0.88 and a beta of 1.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.18 and a current ratio of 1.89. Lumber Liquidators has a twelve month low of $9.95 and a twelve month high of $32.63.

Lumber Liquidators (NYSE:LL) last issued its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.09. The firm had revenue of $270.47 million for the quarter, compared to analyst estimates of $281.82 million. Lumber Liquidators had a net margin of 0.51% and a return on equity of 6.14%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. Analysts predict that Lumber Liquidators will post 0.5 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP raised its holdings in Lumber Liquidators by 33.1% during the 3rd quarter. Trexquant Investment LP now owns 27,590 shares of the specialty retailer’s stock worth $427,000 after purchasing an additional 6,867 shares during the last quarter. BlackRock Inc. raised its holdings in Lumber Liquidators by 4.5% during the 3rd quarter. BlackRock Inc. now owns 4,519,037 shares of the specialty retailer’s stock worth $69,999,000 after purchasing an additional 194,691 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Lumber Liquidators by 299.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 410,079 shares of the specialty retailer’s stock worth $6,352,000 after purchasing an additional 307,397 shares during the last quarter. Thompson Investment Management Inc. raised its holdings in Lumber Liquidators by 23.2% during the 3rd quarter. Thompson Investment Management Inc. now owns 278,546 shares of the specialty retailer’s stock worth $4,315,000 after purchasing an additional 52,404 shares during the last quarter. Finally, Stone Ridge Asset Management LLC raised its holdings in Lumber Liquidators by 62.6% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 20,451 shares of the specialty retailer’s stock worth $317,000 after purchasing an additional 7,873 shares during the last quarter. 76.09% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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