Insider Buying: Lumber Liquidators Holdings Inc (NYSE:LL) CEO Purchases $112,560.00 in Stock

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Lumber Liquidators Holdings Inc (NYSE:LL) CEO Dennis R. Knowles purchased 14,000 shares of the stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $8.04 per share, with a total value of $112,560.00. Following the transaction, the chief executive officer now directly owns 102,241 shares in the company, valued at $822,017.64. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

LL opened at $8.13 on Thursday. The firm’s 50 day simple moving average is $10.21. The company has a market cap of $231.04 million, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 0.66 and a beta of 2.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.47 and a quick ratio of 0.22. Lumber Liquidators Holdings Inc has a one year low of $6.59 and a one year high of $18.36.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Wednesday, August 7th. The specialty retailer reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Lumber Liquidators had a positive return on equity of 6.17% and a negative net margin of 5.37%. The firm had revenue of $288.57 million for the quarter, compared to analysts’ expectations of $291.81 million. During the same quarter last year, the company posted $0.09 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. On average, analysts anticipate that Lumber Liquidators Holdings Inc will post 0.45 earnings per share for the current fiscal year.

LL has been the subject of a number of recent analyst reports. ValuEngine lowered Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. Evercore ISI reaffirmed a “hold” rating on shares of Lumber Liquidators in a research report on Wednesday, August 7th. Raymond James raised Lumber Liquidators from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Wednesday, May 1st. Finally, Zacks Investment Research lowered Lumber Liquidators from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Several hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new stake in shares of Lumber Liquidators in the 2nd quarter worth approximately $29,000. BNP Paribas Arbitrage SA grew its stake in shares of Lumber Liquidators by 467.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,594 shares of the specialty retailer’s stock worth $67,000 after buying an additional 5,431 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Lumber Liquidators in the 4th quarter worth approximately $77,000. Advisory Services Network LLC purchased a new stake in shares of Lumber Liquidators in the 2nd quarter worth approximately $82,000. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Lumber Liquidators by 385.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,420 shares of the specialty retailer’s stock worth $90,000 after buying an additional 7,479 shares during the last quarter. Hedge funds and other institutional investors own 79.76% of the company’s stock.

Lumber Liquidators Company Profile

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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