Vanguard Group Inc. Raises Stake in Lumber Liquidators Holdings, Inc (NYSE:LL)

Vanguard Group Inc. raised its position in Lumber Liquidators Holdings, Inc (NYSE:LL) by 7.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,341,389 shares of the specialty retailer’s stock after buying an additional 170,735 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Lumber Liquidators Holdings worth $49,145,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Thrivent Financial For Lutherans boosted its stake in shares of Lumber Liquidators Holdings by 9.3% in the first quarter. Thrivent Financial For Lutherans now owns 16,060 shares of the specialty retailer’s stock worth $337,000 after buying an additional 1,360 shares during the period. Chartwell Investment Partners LLC acquired a new stake in shares of Lumber Liquidators Holdings during the first quarter worth $1,658,000. Legal & General Group Plc boosted its stake in shares of Lumber Liquidators Holdings by 3.3% in the first quarter. Legal & General Group Plc now owns 47,871 shares of the specialty retailer’s stock worth $1,002,000 after buying an additional 1,519 shares during the period. Royce & Associates LP boosted its stake in shares of Lumber Liquidators Holdings by 14.6% in the first quarter. Royce & Associates LP now owns 566,797 shares of the specialty retailer’s stock worth $11,897,000 after buying an additional 72,000 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Lumber Liquidators Holdings by 3.1% in the first quarter. Teachers Advisors LLC now owns 45,852 shares of the specialty retailer’s stock worth $962,000 after buying an additional 1,396 shares during the period. 73.51% of the stock is currently owned by institutional investors.

Shares of Lumber Liquidators Holdings, Inc (NYSE LL) traded up 2.9733% during trading on Friday, reaching $36.2775. 229,961 shares of the company were exchanged. The stock’s market capitalization is $1.03 billion. Lumber Liquidators Holdings, Inc has a 52-week low of $14.02 and a 52-week high of $37.84. The stock has a 50-day moving average of $27.62 and a 200 day moving average of $23.00.

Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.24. The company had revenue of $263.50 million during the quarter, compared to analysts’ expectations of $256.89 million. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned ($0.45) earnings per share. On average, equities analysts anticipate that Lumber Liquidators Holdings, Inc will post ($0.71) earnings per share for the current fiscal year.

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A number of analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $35.00 target price (up from $27.00) on shares of Lumber Liquidators Holdings in a report on Tuesday. TheStreet raised shares of Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price objective (up previously from $19.00) on shares of Lumber Liquidators Holdings in a report on Wednesday, August 2nd. Stifel Nicolaus increased their price objective on shares of Lumber Liquidators Holdings from $20.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Piper Jaffray Companies set a $32.00 price objective on shares of Lumber Liquidators Holdings and gave the stock a “hold” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.78.

About Lumber Liquidators Holdings

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

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Institutional Ownership by Quarter for Lumber Liquidators Holdings (NYSE:LL)

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