Lumber Liquidators Holdings Inc (LL) Receives $14.70 Average PT from Brokerages

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Lumber Liquidators Holdings Inc (NYSE:LL) has earned a consensus recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $14.70.

LL has been the subject of several recent analyst reports. ValuEngine downgraded shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. CIBC reaffirmed a “market perform” rating on shares of Lumber Liquidators in a research note on Tuesday, October 30th. Loop Capital downgraded shares of Lumber Liquidators from a “buy” rating to a “hold” rating and lowered their price objective for the company from $24.00 to $10.00 in a research note on Thursday, January 3rd. SunTrust Banks reaffirmed a “hold” rating and set a $10.00 price objective on shares of Lumber Liquidators in a research note on Monday, January 7th. Finally, Morgan Stanley set a $10.00 price objective on shares of Lumber Liquidators and gave the company a “hold” rating in a research note on Wednesday, October 31st.

Lumber Liquidators stock traded down $0.21 during mid-day trading on Tuesday, hitting $12.25. The company’s stock had a trading volume of 409,796 shares, compared to its average volume of 652,482. The company has a quick ratio of 0.18, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $356.61 million, a PE ratio of -9.21, a P/E/G ratio of 0.93 and a beta of 1.84. Lumber Liquidators has a 12 month low of $9.13 and a 12 month high of $26.92.

Hedge funds have recently added to or reduced their stakes in the stock. Next Capital Management LLC purchased a new stake in Lumber Liquidators in the fourth quarter worth about $56,000. Municipal Employees Retirement System of Michigan purchased a new stake in Lumber Liquidators in the fourth quarter worth about $77,000. Metropolitan Life Insurance Co. NY grew its holdings in Lumber Liquidators by 385.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,420 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 7,479 shares during the period. Rafferty Asset Management LLC purchased a new stake in Lumber Liquidators in the fourth quarter worth about $103,000. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Lumber Liquidators in the fourth quarter worth about $104,000. 76.57% of the stock is owned by institutional investors.

About Lumber Liquidators

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; 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 and Morning Star Bamboo brands.

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Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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