Lumber Liquidators Holdings, Inc (NYSE:LL) was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating in a report issued on Thursday, November 2nd.
Several other brokerages have also weighed in on LL. Zacks Investment Research upgraded Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. set a $43.00 target price on Lumber Liquidators Holdings and gave the stock a “buy” rating in a report on Friday, August 18th. Wedbush set a $39.00 target price on Lumber Liquidators Holdings and gave the company a “buy” rating in a research report on Wednesday, October 25th. Morgan Stanley upped their price objective on Lumber Liquidators Holdings from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus upped their price objective on Lumber Liquidators Holdings from $20.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Lumber Liquidators Holdings has an average rating of “Hold” and a consensus price target of $30.78.
Lumber Liquidators Holdings (LL) traded up $0.54 during trading on Thursday, reaching $28.59. The company’s stock had a trading volume of 895,100 shares, compared to its average volume of 1,161,399. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.21 and a current ratio of 1.84. Lumber Liquidators Holdings has a twelve month low of $14.99 and a twelve month high of $41.33.
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A number of institutional investors have recently added to or reduced their stakes in LL. Private Advisory Group LLC bought a new stake in Lumber Liquidators Holdings in the second quarter worth approximately $307,000. EAM Investors LLC bought a new stake in Lumber Liquidators Holdings in the 2nd quarter valued at $3,047,000. Teachers Advisors LLC boosted its holdings in Lumber Liquidators Holdings by 11.5% in the 2nd quarter. Teachers Advisors LLC now owns 51,125 shares of the specialty retailer’s stock valued at $1,281,000 after purchasing an additional 5,273 shares during the period. Fox Run Management L.L.C. bought a new stake in Lumber Liquidators Holdings in the 2nd quarter valued at $479,000. Finally, Renaissance Technologies LLC bought a new stake in Lumber Liquidators Holdings in the 1st quarter valued at $6,339,000. Hedge funds and other institutional investors own 73.85% of the company’s stock.
About Lumber Liquidators Holdings
Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.
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