Lumber Liquidators (NYSE:LL)‘s stock had its “hold” rating reiterated by investment analysts at Stifel Nicolaus in a report released on Wednesday. They presently have a $25.00 price objective on the specialty retailer’s stock, down from their prior price objective of $33.00. Stifel Nicolaus’ price target points to a potential upside of 10.23% from the company’s previous close.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Lumber Liquidators from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Moffett Nathanson started coverage on shares of Lumber Liquidators in a report on Monday, December 4th. They set a “buy” rating on the stock. Piper Jaffray Companies set a $34.00 price target on shares of Lumber Liquidators and gave the company a “neutral” rating in a report on Wednesday, November 1st. Wedbush reiterated a “neutral” rating and set a $23.00 price target (down from $28.00) on shares of Lumber Liquidators in a report on Wednesday. Finally, Oppenheimer set a $43.00 price target on shares of Lumber Liquidators and gave the company a “buy” rating in a report on Tuesday, October 31st. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Lumber Liquidators currently has an average rating of “Hold” and a consensus target price of $28.00.
Lumber Liquidators (NYSE LL) traded up $0.25 during trading on Wednesday, hitting $22.68. 406,029 shares of the stock were exchanged, compared to its average volume of 1,114,726. Lumber Liquidators has a 12-month low of $17.35 and a 12-month high of $41.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.21 and a current ratio of 1.84. The company has a market cap of $704.16, a P/E ratio of -13.75, a PEG ratio of 1.10 and a beta of 1.82.
Hedge funds have recently modified their holdings of the business. Fox Run Management L.L.C. bought a new position in Lumber Liquidators in the 4th quarter worth about $499,000. Creative Planning grew its stake in Lumber Liquidators by 53.8% in the 4th quarter. Creative Planning now owns 18,505 shares of the specialty retailer’s stock worth $581,000 after acquiring an additional 6,474 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Lumber Liquidators by 18.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 25,220 shares of the specialty retailer’s stock worth $983,000 after acquiring an additional 3,926 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Lumber Liquidators by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 338,853 shares of the specialty retailer’s stock worth $13,208,000 after acquiring an additional 5,624 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Lumber Liquidators by 6.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 204,938 shares of the specialty retailer’s stock worth $7,987,000 after acquiring an additional 12,552 shares in the last quarter. Institutional investors and hedge funds own 77.62% of the company’s stock.
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Lumber Liquidators Company Profile
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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