Oppenheimer & Co. Inc. Buys 6,883 Shares of Lumber Liquidators Holdings, Inc (LL)

Oppenheimer & Co. Inc. raised its stake in shares of Lumber Liquidators Holdings, Inc (NYSE:LL) by 32.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 27,868 shares of the specialty retailer’s stock after buying an additional 6,883 shares during the period. Oppenheimer & Co. Inc. owned about 0.10% of Lumber Liquidators Holdings worth $698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of Lumber Liquidators Holdings by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 2,488 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of Lumber Liquidators Holdings by 11.0% during the 1st quarter. Mason Street Advisors LLC now owns 6,606 shares of the specialty retailer’s stock valued at $139,000 after acquiring an additional 652 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Lumber Liquidators Holdings by 6.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock valued at $167,000 after acquiring an additional 420 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of Lumber Liquidators Holdings during the 2nd quarter valued at about $183,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Lumber Liquidators Holdings by 27.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,697 shares of the specialty retailer’s stock valued at $162,000 after acquiring an additional 1,676 shares during the period. Institutional investors and hedge funds own 78.91% of the company’s stock.

Shares of Lumber Liquidators Holdings, Inc (NYSE:LL) opened at 38.59 on Wednesday. The company has a 50-day moving average price of $34.73 and a 200 day moving average price of $26.30. Lumber Liquidators Holdings, Inc has a 12-month low of $14.02 and a 12-month high of $41.33. The firm’s market capitalization is $1.10 billion.

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

A number of equities research analysts have recently commented on the company. Piper Jaffray Companies restated a “hold” rating and set a $32.00 target price on shares of Lumber Liquidators Holdings in a research report on Friday, September 8th. Wedbush restated an “outperform” rating and set a $35.00 target price (up from $27.00) on shares of Lumber Liquidators Holdings in a research report on Tuesday, August 8th. TheStreet upgraded Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. BidaskClub upgraded Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. raised their target price on Lumber Liquidators Holdings and gave the company an “outperform” rating in a research report on Friday, August 18th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.78.

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Lumber Liquidators Holdings 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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Institutional Ownership by Quarter for Lumber Liquidators Holdings (NYSE:LL)

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