Loop Capital Cuts LL Flooring (NYSE:LL) Price Target to $1.00

LL Flooring (NYSE:LL) had its price objective cut by Loop Capital from $2.00 to $1.00 in a report published on Monday, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

Separately, StockNews.com started coverage on LL Flooring in a research note on Tuesday, June 11th. They issued a sell rating for the company.

LL Flooring Stock Performance

NYSE:LL opened at $1.03 on Monday. The firm has a market capitalization of $31.50 million, a PE ratio of -0.24 and a beta of 1.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.13 and a current ratio of 1.55. The stock has a 50-day simple moving average of $1.54 and a two-hundred day simple moving average of $2.12. LL Flooring has a 52-week low of $0.89 and a 52-week high of $4.85.

LL Flooring (NYSE:LL) last released its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported ($1.04) earnings per share for the quarter. The business had revenue of $188.49 million during the quarter. LL Flooring had a negative return on equity of 64.43% and a negative net margin of 14.30%.

Institutional Investors Weigh In On LL Flooring

Hedge funds and other institutional investors have recently modified their holdings of the business. Gladius Capital Management LP purchased a new stake in shares of LL Flooring in the third quarter worth approximately $29,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of LL Flooring in the first quarter worth approximately $29,000. Jump Financial LLC grew its stake in LL Flooring by 36.0% in the fourth quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock worth $107,000 after purchasing an additional 7,228 shares in the last quarter. Sierra Summit Advisors LLC bought a new position in LL Flooring in the fourth quarter worth approximately $266,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in LL Flooring in the fourth quarter worth approximately $441,000. 54.33% of the stock is currently owned by hedge funds and other institutional investors.

About LL Flooring

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.