Thompson Investment Management Inc. boosted its stake in Lumber Liquidators Holdings Inc (NYSE:LL) by 18.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,964 shares of the specialty retailer’s stock after purchasing an additional 67,368 shares during the period. Thompson Investment Management Inc.’s holdings in Lumber Liquidators were worth $4,322,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Lumber Liquidators by 5.1% during the fourth quarter. BlackRock Inc. now owns 4,749,908 shares of the specialty retailer’s stock valued at $45,219,000 after acquiring an additional 230,871 shares during the last quarter. Gagnon Securities LLC raised its stake in Lumber Liquidators by 16.0% during the fourth quarter. Gagnon Securities LLC now owns 1,124,911 shares of the specialty retailer’s stock worth $10,709,000 after buying an additional 155,279 shares during the last quarter. Marshall Wace LLP bought a new position in Lumber Liquidators during the third quarter worth $12,361,000. Dimensional Fund Advisors LP raised its stake in Lumber Liquidators by 21.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 727,474 shares of the specialty retailer’s stock worth $6,926,000 after buying an additional 126,595 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Lumber Liquidators by 258.5% during the fourth quarter. Royce & Associates LP now owns 619,079 shares of the specialty retailer’s stock worth $5,894,000 after buying an additional 446,400 shares during the last quarter. 79.84% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on LL. ValuEngine raised shares of Lumber Liquidators from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. Loop Capital downgraded shares of Lumber Liquidators from a “buy” rating to a “hold” rating and lowered their target price for the stock from $24.00 to $10.00 in a research note on Thursday, January 3rd. Zacks Investment Research raised shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, March 5th. Evercore ISI began coverage on shares of Lumber Liquidators in a research note on Wednesday, March 20th. They set an “in-line” rating and a $10.00 target price for the company. Finally, Wedbush set a $11.00 target price on shares of Lumber Liquidators and gave the stock a “hold” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.30.
Lumber Liquidators (NYSE:LL) last posted its quarterly earnings results on Monday, March 18th. The specialty retailer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $268.90 million during the quarter, compared to analysts’ expectations of $272.59 million. Lumber Liquidators had a negative net margin of 5.01% and a positive return on equity of 7.50%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. As a group, equities analysts expect that Lumber Liquidators Holdings Inc will post 0.5 earnings per share for the current fiscal year.
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About Lumber Liquidators
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; 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 brand.
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