Lumber Liquidators (LL) PT Lowered to $12.00

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.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.09. The company had revenue of $270.47 million during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.12 earnings per share. As a group, research analysts predict that Lumber Liquidators will post 0.5 earnings per share for the current fiscal year.

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

Analyst Recommendations for Lumber Liquidators (NYSE:LL)

Receive News & Ratings for Lumber Liquidators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumber Liquidators and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply