StockNews.com Initiates Coverage on LL Flooring (NYSE:LL)

StockNews.com assumed coverage on shares of LL Flooring (NYSE:LL) in a research report sent to investors on Wednesday. The firm issued a sell rating on the specialty retailer’s stock.

LL Flooring Trading Down 0.7 %

Shares of LL stock opened at $1.50 on Wednesday. The company has a market cap of $46.26 million, a P/E ratio of -0.42 and a beta of 1.89. The stock has a 50 day simple moving average of $1.83 and a two-hundred day simple moving average of $2.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.12 and a current ratio of 1.54. LL Flooring has a fifty-two week low of $1.46 and a fifty-two week high of $5.52.

LL Flooring (NYSE:LL) last issued its earnings results on Friday, March 1st. The specialty retailer reported ($0.64) earnings per share for the quarter. The business had revenue of $211.78 million during the quarter. LL Flooring had a negative return on equity of 44.10% and a negative net margin of 11.44%.

Institutional Investors Weigh In On LL Flooring

Several hedge funds and other institutional investors have recently modified their holdings of the company. Values First Advisors Inc. increased its holdings in shares of LL Flooring by 27.2% during the fourth quarter. Values First Advisors Inc. now owns 154,754 shares of the specialty retailer’s stock valued at $604,000 after acquiring an additional 33,117 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of LL Flooring during the fourth quarter valued at approximately $441,000. Sierra Summit Advisors LLC bought a new stake in shares of LL Flooring during the fourth quarter valued at approximately $266,000. Innovis Asset Management LLC bought a new stake in shares of LL Flooring during the third quarter valued at approximately $87,000. Finally, Jump Financial LLC increased its holdings in shares of LL Flooring by 36.0% during the fourth quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock valued at $107,000 after acquiring an additional 7,228 shares in the last quarter. Institutional investors own 54.33% of the company’s stock.

LL Flooring Company Profile

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard and soft surface flooring, and hard and soft surface flooring enhancements and accessories. The company offers hard and soft surface flooring including, waterproof hybrid resilient, waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools, as well as Duravana, a hybrid resilient flooring under the Bellawood, Coreluxe, ReNature by Coreluxe, and Duravana brand names.