Lumber Liquidators (NYSE:LL) had its target price lowered by Wedbush from $22.00 to $12.00 in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage currently has a neutral rating on the specialty retailer’s stock. Wedbush also issued estimates for Lumber Liquidators’ Q4 2018 earnings at $0.09 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.20 EPS, FY2019 earnings at $0.60 EPS and FY2020 earnings at $0.91 EPS.
Several other equities analysts have also recently weighed in on the stock. Citigroup initiated coverage on shares of Lumber Liquidators in a research note on Wednesday, October 10th. They set a neutral rating and a $15.00 target price for the company. Morgan Stanley cut their target price on shares of Lumber Liquidators from $21.00 to $16.00 and set an equal weight rating for the company in a research note on Thursday, October 11th. Longbow Research initiated coverage on shares of Lumber Liquidators in a research note on Friday, August 24th. They set a neutral rating for the company. Stifel Nicolaus cut their target price on shares of Lumber Liquidators from $22.00 to $20.00 and set a hold rating for the company in a research note on Wednesday, August 1st. Finally, ValuEngine cut shares of Lumber Liquidators from a sell rating to a strong sell rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $17.40.
Shares of NYSE LL opened at $12.57 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.89 and a quick ratio of 0.16. 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 1 year low of $9.95 and a 1 year high of $32.63.
Institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. bought a new stake in shares of Lumber Liquidators in the 2nd quarter worth about $127,000. Macquarie Group Ltd. bought a new stake in shares of Lumber Liquidators in the 2nd quarter worth about $127,000. NumerixS Investment Technologies Inc lifted its holdings in shares of Lumber Liquidators by 530.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock worth $156,000 after acquiring an additional 5,300 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Lumber Liquidators in the 2nd quarter worth about $162,000. Finally, Pinebridge Investments L.P. purchased a new position in Lumber Liquidators in the 2nd quarter worth about $177,000. Hedge funds and other 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.
See Also: Book Value Per Share – BVPS
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