LL Flooring (NYSE:LL) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

LL Flooring (NYSE:LLGet Rating) posted its quarterly earnings data on Wednesday. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10), Briefing.com reports. The company had revenue of $298.96 million for the quarter, compared to analyst estimates of $303.00 million. LL Flooring had a net margin of 2.26% and a return on equity of 9.69%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS.

LL Flooring Price Performance

Shares of LL stock traded down $0.13 on Friday, reaching $9.57. 217,890 shares of the company were exchanged, compared to its average volume of 200,078. The company has a market cap of $280.78 million, a price-to-earnings ratio of 10.88 and a beta of 2.14. The business has a 50-day moving average price of $10.30 and a 200 day moving average price of $12.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.30 and a current ratio of 1.58. LL Flooring has a 1 year low of $8.65 and a 1 year high of $22.07.

Hedge Funds Weigh In On LL Flooring

Institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors grew its position in shares of LL Flooring by 66.2% in the 1st quarter. Captrust Financial Advisors now owns 2,767 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 1,102 shares during the last quarter. Advisor Group Holdings Inc. increased its position in LL Flooring by 96.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,457 shares of the specialty retailer’s stock worth $89,000 after purchasing an additional 3,171 shares during the period. MetLife Investment Management LLC increased its position in LL Flooring by 51.4% during the 1st quarter. MetLife Investment Management LLC now owns 16,678 shares of the specialty retailer’s stock worth $234,000 after purchasing an additional 5,661 shares during the period. Guggenheim Capital LLC grew its holdings in shares of LL Flooring by 43.3% in the 1st quarter. Guggenheim Capital LLC now owns 17,735 shares of the specialty retailer’s stock worth $249,000 after acquiring an additional 5,361 shares during the period. Finally, Swiss National Bank grew its holdings in shares of LL Flooring by 8.2% in the 1st quarter. Swiss National Bank now owns 68,800 shares of the specialty retailer’s stock worth $965,000 after acquiring an additional 5,200 shares during the period. 86.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered LL Flooring from a “hold” rating to a “sell” rating in a research report on Friday.

LL Flooring Company Profile

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LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species; waterproof vinyl plank, engineered hardwood, laminate, bamboo, porcelain tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools under the Bellawood and Coreluxe brand names.

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Earnings History for LL Flooring (NYSE:LL)

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