Zacks Investment Research cut shares of Lumber Liquidators (NYSE:LL) from a hold rating to a sell rating in a research note published on Wednesday.
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 research analysts have also recently issued reports on LL. ValuEngine upgraded shares of Lumber Liquidators from a strong sell rating to a sell rating in a report on Thursday, June 7th. Stifel Nicolaus cut their target price on shares of Lumber Liquidators from $25.00 to $22.00 and set a hold rating on the stock in a report on Wednesday, May 2nd. Finally, Loop Capital set a $30.00 price target on shares of Lumber Liquidators and gave the company a buy rating in a report on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Lumber Liquidators presently has an average rating of Hold and a consensus price target of $26.60.
LL stock opened at $24.64 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.75 and a quick ratio of 0.18. Lumber Liquidators has a 1 year low of $19.41 and a 1 year high of $41.33. The firm has a market capitalization of $703.28 million, a P/E ratio of -18.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.66.
Lumber Liquidators (NYSE:LL) last issued its earnings results on Tuesday, May 1st. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Lumber Liquidators had a positive return on equity of 3.76% and a negative net margin of 1.29%. The firm had revenue of $261.80 million during the quarter, compared to the consensus estimate of $260.37 million. During the same quarter in the prior year, the business posted ($0.93) EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. equities analysts forecast that Lumber Liquidators will post 0.78 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in LL. Ladenburg Thalmann Financial Services Inc. lifted its position in Lumber Liquidators by 126.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,833 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 4,933 shares during the period. Cambria Investment Management L.P. purchased a new position in Lumber Liquidators during the first quarter valued at $223,000. MANA Advisors LLC purchased a new position in Lumber Liquidators during the fourth quarter valued at $240,000. Guggenheim Capital LLC purchased a new position in Lumber Liquidators during the first quarter valued at $265,000. Finally, Paloma Partners Management Co lifted its position in Lumber Liquidators by 32.6% during the fourth quarter. Paloma Partners Management Co now owns 9,113 shares of the specialty retailer’s stock valued at $286,000 after buying an additional 2,242 shares during the period. Institutional investors and hedge funds own 76.20% of the company’s stock.
About Lumber Liquidators
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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