Lumber Liquidators (LL) Given a $10.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $10.00 target price on Lumber Liquidators (NYSE:LL) in a report published on Wednesday. The firm currently has a hold rating on the specialty retailer’s stock.

A number of other research firms have also weighed in on LL. TheStreet upgraded shares of Lumber Liquidators from a d+ rating to a c- rating in a research report on Tuesday, July 3rd. Zacks Investment Research lowered shares of Lumber Liquidators from a hold rating to a sell rating in a research report on Wednesday, July 4th. Loop Capital set a $25.00 target price on shares of Lumber Liquidators and gave the company a buy rating in a report on Tuesday, July 31st. Stifel Nicolaus decreased their target price on shares of Lumber Liquidators from $22.00 to $20.00 and set a hold rating on the stock in a report on Wednesday, August 1st. Finally, ValuEngine lowered shares of Lumber Liquidators from a sell rating to a strong sell rating in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $17.40.

LL traded up $0.06 on Wednesday, reaching $12.57. 1,642,353 shares of the company’s stock were exchanged, compared to its average volume of 1,350,896. The firm has a market capitalization of $359.75 million, a PE ratio of 29.93, a PEG ratio of 0.98 and a beta of 1.50. Lumber Liquidators has a twelve month low of $9.95 and a twelve month high of $32.63. The company has a current ratio of 1.89, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21.

Lumber Liquidators (NYSE:LL) last posted its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $270.47 million for the quarter, compared to analyst estimates of $281.82 million. Lumber Liquidators had a net margin of 0.51% and a return on equity of 6.14%. Lumber Liquidators’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, analysts predict that Lumber Liquidators will post 0.5 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of LL. SG Capital Management LLC acquired a new position in Lumber Liquidators in the 2nd quarter valued at about $22,862,000. Frontier Capital Management Co. LLC acquired a new position in shares of Lumber Liquidators in the 2nd quarter worth approximately $11,136,000. Millennium Management LLC lifted its holdings in shares of Lumber Liquidators by 337.8% in the 1st quarter. Millennium Management LLC now owns 491,280 shares of the specialty retailer’s stock worth $11,751,000 after acquiring an additional 379,061 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Lumber Liquidators by 7.5% in the 2nd quarter. BlackRock Inc. now owns 4,324,346 shares of the specialty retailer’s stock worth $105,298,000 after acquiring an additional 302,251 shares during the last quarter. Finally, Gagnon Securities LLC lifted its holdings in shares of Lumber Liquidators by 47.5% in the 2nd quarter. Gagnon Securities LLC now owns 582,477 shares of the specialty retailer’s stock worth $14,183,000 after acquiring an additional 187,635 shares during the last quarter. Institutional investors own 76.22% 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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