Teacher Retirement System of Texas acquired a new position in shares of Lumber Liquidators Holdings Inc (NYSE:LL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,505 shares of the specialty retailer’s stock, valued at approximately $298,000.
Several other large investors also recently bought and sold shares of LL. WINTON GROUP Ltd acquired a new stake in shares of Lumber Liquidators during the third quarter worth $2,317,000. Engineers Gate Manager LP acquired a new stake in shares of Lumber Liquidators during the third quarter worth $1,860,000. Macquarie Group Ltd. acquired a new stake in shares of Lumber Liquidators during the third quarter worth $1,259,000. Strs Ohio acquired a new stake in shares of Lumber Liquidators during the fourth quarter worth $872,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Lumber Liquidators during the fourth quarter worth $499,000. Institutional investors and hedge funds own 78.41% of the company’s stock.
LL has been the subject of several research reports. Loop Capital upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, March 16th. Zacks Investment Research upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, January 3rd. Moffett Nathanson initiated coverage on shares of Lumber Liquidators in a research report on Monday, December 4th. They set a “buy” rating for the company. Morgan Stanley decreased their target price on shares of Lumber Liquidators from $35.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus restated a “hold” rating and set a $25.00 target price (down from $33.00) on shares of Lumber Liquidators in a research report on Wednesday, February 28th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.00.
Lumber Liquidators (NYSE:LL) last issued its quarterly earnings data on Tuesday, February 27th. The specialty retailer reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $259.86 million during the quarter, compared to the consensus estimate of $264.56 million. Lumber Liquidators had a negative net margin of 3.68% and a positive return on equity of 1.71%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. equities analysts anticipate that Lumber Liquidators Holdings Inc will post 0.74 EPS for the current fiscal year.
Lumber Liquidators 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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