Shares of Lumber Liquidators Holdings Inc (NYSE:LL) have been given a consensus rating of “Hold” by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $25.10.
LL has been the topic of a number of research reports. Wedbush downgraded shares of Lumber Liquidators from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $39.00 to $28.00 in a report on Monday, February 12th. Zacks Investment Research upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, January 3rd. Loop Capital initiated coverage on shares of Lumber Liquidators in a report on Thursday, March 1st. They issued a “hold” rating and a $22.00 target price on the stock. Stifel Nicolaus restated a “hold” rating and issued a $25.00 target price (down from $33.00) on shares of Lumber Liquidators in a report on Wednesday, February 28th. Finally, Morgan Stanley reduced their target price on shares of Lumber Liquidators from $35.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th.
Several institutional investors have recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN boosted its stake in shares of Lumber Liquidators by 3.6% during the 4th quarter. Disciplined Growth Investors Inc. MN now owns 257,588 shares of the specialty retailer’s stock worth $8,086,000 after purchasing an additional 9,022 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of Lumber Liquidators during the 4th quarter worth about $435,000. Gotham Asset Management LLC boosted its stake in shares of Lumber Liquidators by 75.9% during the 4th quarter. Gotham Asset Management LLC now owns 33,046 shares of the specialty retailer’s stock worth $1,037,000 after purchasing an additional 14,261 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Lumber Liquidators by 31.4% during the 4th quarter. Macquarie Group Ltd. now owns 42,454 shares of the specialty retailer’s stock worth $1,333,000 after purchasing an additional 10,154 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Lumber Liquidators during the 4th quarter worth about $3,523,000. Hedge funds and other institutional investors own 78.50% of the company’s stock.
Lumber Liquidators (NYSE:LL) last announced its quarterly earnings results on Tuesday, February 27th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $259.86 million for 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%. Lumber Liquidators’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) EPS. analysts forecast that Lumber Liquidators will post 0.79 EPS for the current fiscal year.
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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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