Lumber Liquidators Holdings, Inc (LL) Given Outperform Rating at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. restated their outperform rating on shares of Lumber Liquidators Holdings, Inc (NYSE:LL) in a report published on Wednesday morning. They currently have a $43.00 target price on the specialty retailer’s stock.

Several other analysts also recently commented on the company. Zacks Investment Research raised Lumber Liquidators Holdings from a hold rating to a buy rating and set a $28.00 price objective for the company in a research note on Wednesday, July 5th. Stifel Nicolaus increased their price objective on Lumber Liquidators Holdings from $20.00 to $33.00 and gave the stock a hold rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies set a $32.00 price objective on Lumber Liquidators Holdings and gave the stock a hold rating in a research note on Wednesday, August 2nd. BidaskClub raised Lumber Liquidators Holdings from a sell rating to a hold rating in a research note on Wednesday, August 23rd. Finally, Wedbush reissued an outperform rating and issued a $35.00 price objective (up from $27.00) on shares of Lumber Liquidators Holdings in a research note on Tuesday, August 8th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $29.44.

Lumber Liquidators Holdings (NYSE:LL) traded up 0.30% on Wednesday, hitting $36.91. The company’s stock had a trading volume of 711,882 shares. Lumber Liquidators Holdings has a 12 month low of $14.02 and a 12 month high of $41.33. The firm has a 50 day moving average of $37.61 and a 200-day moving average of $28.82. The stock’s market cap is $1.05 billion.

Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.24. The firm had revenue of $263.50 million during the quarter, compared to the consensus estimate of $256.89 million. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.45) earnings per share. On average, analysts expect that Lumber Liquidators Holdings will post ($0.69) earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of LL. FMR LLC purchased a new stake in shares of Lumber Liquidators Holdings during the second quarter valued at approximately $10,906,000. PDT Partners LLC increased its position in shares of Lumber Liquidators Holdings by 431.1% during the second quarter. PDT Partners LLC now owns 412,000 shares of the specialty retailer’s stock valued at $10,325,000 after acquiring an additional 334,420 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Lumber Liquidators Holdings during the first quarter valued at approximately $6,339,000. Quantitative Investment Management LLC increased its position in shares of Lumber Liquidators Holdings by 342.3% during the second quarter. Quantitative Investment Management LLC now owns 311,400 shares of the specialty retailer’s stock valued at $7,803,000 after acquiring an additional 241,000 shares during the last quarter

Several other analysts also recently commented on the company. Zacks Investment Research raised Lumber Liquidators Holdings from a hold rating to a buy rating and set a $28.00 price objective for the company in a research note on Wednesday, July 5th. Stifel Nicolaus increased their price objective on Lumber Liquidators Holdings from $20.00 to $33.00 and gave the stock a hold rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies set a $32.00 price objective on Lumber Liquidators Holdings and gave the stock a hold rating in a research note on Wednesday, August 2nd. BidaskClub raised Lumber Liquidators Holdings from a sell rating to a hold rating in a research note on Wednesday, August 23rd. Finally, Wedbush reissued an outperform rating and issued a $35.00 price objective (up from $27.00) on shares of Lumber Liquidators Holdings in a research note on Tuesday, August 8th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $29.44.

Lumber Liquidators Holdings (NYSE:LL) traded up 0.30% on Wednesday, hitting $36.91. The company’s stock had a trading volume of 711,882 shares. Lumber Liquidators Holdings has a 12 month low of $14.02 and a 12 month high of $41.33. The firm has a 50 day moving average of $37.61 and a 200-day moving average of $28.82. The stock’s market cap is $1.05 billion.

Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.24. The firm had revenue of $263.50 million during the quarter, compared to the consensus estimate of $256.89 million. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.45) earnings per share. On average, analysts expect that Lumber Liquidators Holdings will post ($0.69) earnings per share for the current fiscal year.

WARNING: This piece of content was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/08/lumber-liquidators-holdings-inc-ll-given-outperform-rating-at-oppenheimer-holdings-inc.html.

Several institutional investors and hedge funds have recently modified their holdings of LL. FMR LLC purchased a new stake in shares of Lumber Liquidators Holdings during the second quarter valued at approximately $10,906,000. PDT Partners LLC increased its position in shares of Lumber Liquidators Holdings by 431.1% during the second quarter. PDT Partners LLC now owns 412,000 shares of the specialty retailer’s stock valued at $10,325,000 after acquiring an additional 334,420 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Lumber Liquidators Holdings during the first quarter valued at approximately $6,339,000. Quantitative Investment Management LLC increased its position in shares of Lumber Liquidators Holdings by 342.3% during the second quarter. Quantitative Investment Management LLC now owns 311,400 shares of the specialty retailer’s stock valued at $7,803,000 after acquiring an additional 241,000 shares during the last quarter. Finally, Samlyn Capital LLC purchased a new stake in shares of Lumber Liquidators Holdings during the second quarter valued at approximately $4,837,000. 77.32% of the stock is owned by institutional investors.

About Lumber Liquidators Holdings

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

Analyst Recommendations for Lumber Liquidators Holdings (NYSE:LL)

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