Lumber Liquidators (LL) Raised to “Buy” at Zacks Investment Research

Lumber Liquidators (NYSE:LL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, January 3rd. The brokerage currently has a $35.00 price objective on the specialty retailer’s stock. Zacks Investment Research‘s price objective points to a potential upside of 10.06% from the company’s current price.

According to Zacks, “Lumber Liquidators, Inc. found its niche market in hardwood flooring. Lumber Liquidators prides itself on having one of the largest inventories of prefinished and unfinished hardwood floors in the industry. There are flooring experts in every store ready to help, and free samples are available. Lumber Liquidators carries solid and engineered hardwood, laminate flooring, bamboo flooring, cork flooring, vinyl flooring, wood-look tile flooring, butcher blocks, mouldings, accessories and tools. It negotiates directly with the mills, eliminating the middleman and passing the savings on to the customers. The environmentally conscientious company only purchases from suppliers who practice sustainable harvesting, which allows forests to heal and re-grow faster. Everything Lumber Liquidators sells (unless specified otherwise) is first-quality, graded to industry specifications, and available in standard flooring lengths. “

Several other analysts have also recently weighed in on LL. Moffett Nathanson began coverage on shares of Lumber Liquidators in a research note on Monday, December 4th. They issued a “buy” rating on the stock. TheStreet cut shares of Lumber Liquidators from a “c” rating to a “d+” rating in a research note on Thursday, November 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 price objective on shares of Lumber Liquidators in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $34.00 price objective on shares of Lumber Liquidators and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, Oppenheimer set a $43.00 price objective on shares of Lumber Liquidators and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $30.89.

Shares of Lumber Liquidators (NYSE:LL) traded up $0.55 during trading hours on Wednesday, hitting $31.80. 659,600 shares of the stock traded hands, compared to its average volume of 620,025. The firm has a market capitalization of $866.24, a P/E ratio of -19.39, a PEG ratio of 1.43 and a beta of 2.05. The company has a quick ratio of 0.21, a current ratio of 1.84 and a debt-to-equity ratio of 0.17. Lumber Liquidators has a 52 week low of $14.99 and a 52 week high of $41.33.

A number of institutional investors and hedge funds have recently modified their holdings of LL. Piedmont Investment Advisors LLC bought a new position in shares of Lumber Liquidators during the 3rd quarter worth about $241,000. Engineers Gate Manager LP acquired a new stake in shares of Lumber Liquidators in the 3rd quarter worth about $1,860,000. WINTON GROUP Ltd acquired a new stake in shares of Lumber Liquidators in the 3rd quarter worth about $2,317,000. Wells Fargo & Company MN raised its holdings in shares of Lumber Liquidators by 29.5% in the 3rd quarter. Wells Fargo & Company MN now owns 28,438 shares of the specialty retailer’s stock worth $1,109,000 after acquiring an additional 6,481 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of Lumber Liquidators in the 3rd quarter worth about $421,000. 78.86% of the stock is currently owned by institutional investors and hedge funds.

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Lumber Liquidators Company Profile

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.

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