Lumber Liquidators (NYSE:LL) Stock Price Down 6.1% After Analyst Downgrade

Lumber Liquidators Holdings Inc (NYSE:LL) was down 6.1% during mid-day trading on Monday after Raymond James lowered their price target on the stock from $14.00 to $13.00. Raymond James currently has an outperform rating on the stock. Lumber Liquidators traded as low as $8.42 and last traded at $8.59, approximately 1,830,166 shares traded hands during trading. An increase of 37% from the average daily volume of 1,338,658 shares. The stock had previously closed at $9.15.

Several other research firms also recently weighed in on LL. ValuEngine upgraded shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Evercore ISI reiterated a “hold” rating on shares of Lumber Liquidators in a research note on Wednesday, August 7th. Finally, Zacks Investment Research downgraded shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $11.00.

In other Lumber Liquidators news, insider Michael L. Reeves bought 14,900 shares of Lumber Liquidators stock in a transaction dated Monday, August 19th. The stock was purchased at an average price of $8.32 per share, for a total transaction of $123,968.00. Following the completion of the purchase, the insider now directly owns 44,631 shares of the company’s stock, valued at $371,329.92. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in LL. Marshall Wace LLP bought a new position in Lumber Liquidators in the 2nd quarter worth about $1,910,000. KBC Group NV grew its stake in Lumber Liquidators by 9.8% during the 2nd quarter. KBC Group NV now owns 50,613 shares of the specialty retailer’s stock worth $585,000 after buying an additional 4,535 shares during the last quarter. AE Wealth Management LLC purchased a new position in Lumber Liquidators during the 2nd quarter worth approximately $481,000. Advisory Services Network LLC purchased a new position in Lumber Liquidators during the 2nd quarter worth approximately $82,000. Finally, Nuveen Asset Management LLC purchased a new position in Lumber Liquidators during the 2nd quarter worth approximately $1,931,000. Institutional investors own 83.31% of the company’s stock.

The business has a 50 day moving average of $9.41 and a 200-day moving average of $10.23. The stock has a market cap of $265.19 million, a PE ratio of 15.07, a P/E/G ratio of 0.84 and a beta of 1.98. The company has a current ratio of 1.47, a quick ratio of 0.22 and a debt-to-equity ratio of 1.27.

Lumber Liquidators (NYSE:LL) last released its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.12). Lumber Liquidators had a positive return on equity of 6.17% and a negative net margin of 5.37%. The firm had revenue of $263.96 million for the quarter, compared to analysts’ expectations of $276.01 million. During the same quarter in the prior year, the business earned $0.27 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Research analysts expect that Lumber Liquidators Holdings Inc will post 0.37 EPS for the current fiscal year.

Lumber Liquidators Company Profile (NYSE:LL)

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; 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 brand.

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