Lumber Liquidators Holdings Inc (LL) Given Average Recommendation of “Hold” by Analysts

Shares of Lumber Liquidators Holdings Inc (NYSE:LL) have earned an average rating of “Hold” from the sixteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.89.

A number of brokerages have recently commented on LL. Zacks Investment Research raised Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Loop Capital set a $24.00 price objective on Lumber Liquidators and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Wedbush lowered their price objective on Lumber Liquidators from $22.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, October 31st. Credit Suisse Group lowered their price objective on Lumber Liquidators from $17.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. Finally, Oppenheimer downgraded Lumber Liquidators from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 30th.

Shares of NYSE:LL opened at $11.18 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.18 and a current ratio of 1.89. The stock has a market cap of $319.98 million, a price-to-earnings ratio of -8.41, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. Lumber Liquidators has a 1 year low of $9.95 and a 1 year high of $32.63.

Lumber Liquidators (NYSE:LL) last issued its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.09. The company 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%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. Analysts anticipate that Lumber Liquidators will post 0.46 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley boosted its holdings in Lumber Liquidators by 75.7% in the third quarter. Morgan Stanley now owns 256,357 shares of the specialty retailer’s stock valued at $3,972,000 after purchasing an additional 110,434 shares in the last quarter. Legal & General Group Plc boosted its holdings in Lumber Liquidators by 8.7% in the third quarter. Legal & General Group Plc now owns 65,521 shares of the specialty retailer’s stock valued at $1,020,000 after purchasing an additional 5,236 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Lumber Liquidators by 9.9% in the third quarter. Teachers Advisors LLC now owns 445,590 shares of the specialty retailer’s stock valued at $6,902,000 after purchasing an additional 40,121 shares in the last quarter. Summit Global Investments boosted its holdings in Lumber Liquidators by 21.6% in the third quarter. Summit Global Investments now owns 33,800 shares of the specialty retailer’s stock valued at $524,000 after purchasing an additional 6,000 shares in the last quarter. Finally, MetLife Investment Advisors LLC boosted its holdings in Lumber Liquidators by 54.0% in the third quarter. MetLife Investment Advisors LLC now owns 21,335 shares of the specialty retailer’s stock valued at $330,000 after purchasing an additional 7,479 shares in the last quarter. 77.22% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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