Lumber Liquidators (LL) Trading Down 6.2%

Lumber Liquidators Holdings Inc (NYSE:LL) dropped 6.2% on Thursday . The company traded as low as $10.18 and last traded at $10.25. Approximately 1,796,658 shares were traded during mid-day trading, an increase of 123% from the average daily volume of 806,399 shares. The stock had previously closed at $10.93.

LL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Lumber Liquidators from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, January 10th. SunTrust Banks restated a “hold” rating and set a $10.00 price objective on shares of Lumber Liquidators in a research note on Monday, January 7th. Loop Capital downgraded Lumber Liquidators from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $24.00 to $10.00 in a research note on Thursday, January 3rd. Finally, ValuEngine downgraded Lumber Liquidators from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.78.

The company has a quick ratio of 0.18, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $312.82 million, a PE ratio of -7.71, a price-to-earnings-growth ratio of 0.88 and a beta of 1.73.

Hedge funds have recently made changes to their positions in the business. Gagnon Securities LLC lifted its holdings in shares of Lumber Liquidators by 66.5% in the third quarter. Gagnon Securities LLC now owns 969,632 shares of the specialty retailer’s stock valued at $15,020,000 after buying an additional 387,155 shares during the period. Teachers Advisors LLC lifted its holdings in shares of 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 buying an additional 40,121 shares during the period. Legal & General Group Plc lifted its holdings in shares of 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 buying an additional 5,236 shares during the period. Arizona State Retirement System lifted its holdings in shares of Lumber Liquidators by 6.1% in the fourth quarter. Arizona State Retirement System now owns 44,074 shares of the specialty retailer’s stock valued at $420,000 after buying an additional 2,552 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Lumber Liquidators in the third quarter valued at $223,000. Institutional investors own 78.98% of the company’s stock.

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About Lumber Liquidators (NYSE:LL)

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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