Shares of Lumber Liquidators Holdings Inc (NYSE:LL) have been given a consensus recommendation of “Hold” by the seven research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $10.75.
A number of research firms have weighed in on LL. Zacks Investment Research raised shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, June 2nd. ValuEngine downgraded shares of Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 30th. Stifel Nicolaus increased their target price on shares of Lumber Liquidators from $5.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, May 29th. Finally, Morgan Stanley increased their target price on shares of Lumber Liquidators from $3.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, June 2nd.
In related news, CEO Charles E. Tyson purchased 5,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average cost of $10.95 per share, with a total value of $54,750.00. 2.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LL. UBS Group AG increased its position in shares of Lumber Liquidators by 113.1% during the 4th quarter. UBS Group AG now owns 51,903 shares of the specialty retailer’s stock valued at $507,000 after purchasing an additional 448,853 shares during the last quarter. Marshall Wace LLP increased its position in shares of Lumber Liquidators by 144.0% during the 4th quarter. Marshall Wace LLP now owns 221,183 shares of the specialty retailer’s stock valued at $2,161,000 after purchasing an additional 130,543 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Lumber Liquidators by 108.5% during the 1st quarter. JPMorgan Chase & Co. now owns 10,106 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 129,555 shares during the last quarter. Royce & Associates LP increased its position in shares of Lumber Liquidators by 6.8% during the 4th quarter. Royce & Associates LP now owns 1,165,023 shares of the specialty retailer’s stock valued at $11,382,000 after purchasing an additional 74,500 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Lumber Liquidators by 77.5% during the 1st quarter. Squarepoint Ops LLC now owns 165,096 shares of the specialty retailer’s stock valued at $774,000 after purchasing an additional 72,084 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.
Shares of Lumber Liquidators stock traded down $1.16 on Monday, hitting $10.44. The stock had a trading volume of 42,478 shares, compared to its average volume of 1,730,685. The stock has a 50 day moving average of $8.00 and a 200 day moving average of $8.00. Lumber Liquidators has a twelve month low of $3.77 and a twelve month high of $13.46. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.36 and a current ratio of 1.49. The firm has a market capitalization of $334.25 million, a P/E ratio of 12.47, a PEG ratio of 1.12 and a beta of 2.36.
Lumber Liquidators (NYSE:LL) last released its quarterly earnings data on Thursday, May 28th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.41. Lumber Liquidators had a return on equity of 21.58% and a net margin of 2.45%. The company had revenue of $267.40 million during the quarter, compared to the consensus estimate of $267.43 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Equities analysts expect that Lumber Liquidators will post 0.37 earnings per share for the current year.
About Lumber Liquidators
Lumber Liquidators 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, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; 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 brand.
Further Reading: Net Income
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