Lumber Liquidators (NYSE:LL) Cut to “Hold” at Zacks Investment Research

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Zacks Investment Research downgraded shares of Lumber Liquidators (NYSE:LL) from a strong-buy rating to a hold rating in a research report report published on Thursday, Zacks.com reports.

According to Zacks, “Lumber Liquidators, Inc. found its niche market in hardwood flooring. Lumber Liquidators prides itself on having one of the largest inventories of prefinished and unfinished hardwood floors in the industry. There are flooring experts in every store ready to help, and free samples are available. Lumber Liquidators carries solid and engineered hardwood, laminate flooring, bamboo flooring, cork flooring, vinyl flooring, wood-look tile flooring, butcher blocks, mouldings, accessories and tools. It negotiates directly with the mills, eliminating the middleman and passing the savings on to the customers. The environmentally conscientious company only purchases from suppliers who practice sustainable harvesting, which allows forests to heal and re-grow faster. Everything Lumber Liquidators sells (unless specified otherwise) is first-quality, graded to industry specifications, and available in standard flooring lengths. “

Several other equities research analysts have also recently issued reports on LL. Stifel Nicolaus lifted their price objective on shares of Lumber Liquidators from $5.00 to $10.00 and gave the company a hold rating in a research report on Friday, May 29th. Morgan Stanley lifted their price objective on shares of Lumber Liquidators from $3.00 to $8.00 and gave the company an underweight rating in a research report on Tuesday, June 2nd. Loop Capital upgraded shares of Lumber Liquidators from a hold rating to a buy rating and lifted their price objective for the company from $11.00 to $18.00 in a research report on Tuesday, July 14th. Finally, ValuEngine upgraded shares of Lumber Liquidators from a strong sell rating to a sell rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $15.40.

NYSE LL opened at $22.32 on Thursday. Lumber Liquidators has a 12 month low of $3.77 and a 12 month high of $23.45. The stock has a market cap of $643.15 million, a price-to-earnings ratio of 19.41, a PEG ratio of 2.56 and a beta of 2.42. The company’s 50 day moving average is $15.43 and its two-hundred day moving average is $9.50. The company has a current ratio of 1.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.94.

Lumber Liquidators (NYSE:LL) last released its earnings results on Thursday, May 28th. The specialty retailer reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.41. The company had revenue of $267.40 million for the quarter, compared to analysts’ expectations of $267.43 million. Lumber Liquidators had a net margin of 2.45% and a return on equity of 21.58%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.17) EPS. Sell-side analysts forecast that Lumber Liquidators will post 0.32 EPS for the current year.

In other Lumber Liquidators news, CEO Charles E. Tyson purchased 5,000 shares of Lumber Liquidators stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $10.95 per share, for a total transaction of $54,750.00. Insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its stake in Lumber Liquidators by 7.6% during the first quarter. State Street Corp now owns 925,872 shares of the specialty retailer’s stock worth $4,342,000 after buying an additional 65,461 shares during the period. Robertson Opportunity Capital LLC boosted its stake in Lumber Liquidators by 1.2% during the first quarter. Robertson Opportunity Capital LLC now owns 418,392 shares of the specialty retailer’s stock worth $1,962,000 after buying an additional 5,000 shares during the period. Geode Capital Management LLC boosted its stake in Lumber Liquidators by 8.3% during the first quarter. Geode Capital Management LLC now owns 405,522 shares of the specialty retailer’s stock worth $1,901,000 after buying an additional 31,138 shares during the period. Invesco Ltd. boosted its stake in Lumber Liquidators by 2.3% during the first quarter. Invesco Ltd. now owns 214,306 shares of the specialty retailer’s stock worth $1,005,000 after buying an additional 4,861 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Lumber Liquidators by 77.5% during the first quarter. Squarepoint Ops LLC now owns 165,096 shares of the specialty retailer’s stock worth $774,000 after buying an additional 72,084 shares during the period. 67.45% of the stock is owned by institutional investors.

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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