Lumber Liquidators (NYSE:LL) had its price objective increased by Raymond James from $10.00 to $14.00 in a research note issued to investors on Friday morning, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.
Several other research analysts also recently commented on the company. Evercore ISI reissued a hold rating on shares of Lumber Liquidators in a research note on Wednesday, August 7th. ValuEngine downgraded Lumber Liquidators from a sell rating to a strong sell rating in a research note on Monday, July 29th. Finally, Zacks Investment Research downgraded Lumber Liquidators from a hold rating to a sell rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $11.78.
Shares of LL stock opened at $9.77 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.47 and a quick ratio of 0.22. The company has a market cap of $322.89 million, a price-to-earnings ratio of 17.14, a PEG ratio of 1.01 and a beta of 1.95. The stock has a 50 day simple moving average of $9.24 and a 200-day simple moving average of $10.69. Lumber Liquidators has a 1-year low of $6.59 and a 1-year high of $18.16.
In related news, insider Michael L. Reeves bought 14,900 shares of the company’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $8.32 per share, for a total transaction of $123,968.00. Following the acquisition, the insider now directly owns 44,631 shares in the company, valued at $371,329.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dennis R. Knowles bought 14,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $8.04 per share, with a total value of $112,560.00. Following the completion of the acquisition, the chief executive officer now owns 102,241 shares in the company, valued at $822,017.64. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of LL. D. E. Shaw & Co. Inc. purchased a new stake in Lumber Liquidators in the 2nd quarter valued at $1,954,000. Nuveen Asset Management LLC purchased a new stake in Lumber Liquidators in the 2nd quarter valued at $1,931,000. Marshall Wace LLP purchased a new stake in Lumber Liquidators in the 2nd quarter valued at $1,910,000. Rice Hall James & Associates LLC purchased a new position in shares of Lumber Liquidators during the 2nd quarter worth $1,484,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Lumber Liquidators by 21.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 727,474 shares of the specialty retailer’s stock worth $6,926,000 after purchasing an additional 126,595 shares during the period. Institutional investors own 83.36% of the company’s stock.
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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