Lumber Liquidators Holdings, Inc (NYSE:LL)‘s stock had its “hold” rating reaffirmed by research analysts at Piper Jaffray Companies in a research note issued to investors on Friday, September 8th. They presently have a $32.00 price target on the specialty retailer’s stock. Piper Jaffray Companies’ target price suggests a potential downside of 14.76% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the company. BidaskClub upgraded Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. increased their price objective on Lumber Liquidators Holdings and gave the stock an “outperform” rating in a report on Friday, August 18th. Wedbush restated an “outperform” rating and issued a $35.00 target price (up previously from $27.00) on shares of Lumber Liquidators Holdings in a research note on Tuesday, August 8th. TheStreet upgraded Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $33.00 target price (up previously from $19.00) on shares of Lumber Liquidators Holdings in a research note on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.78.
Lumber Liquidators Holdings (NYSE:LL) opened at 37.54 on Friday. The stock has a 50 day moving average of $36.52 and a 200 day moving average of $27.01. The firm’s market cap is $1.07 billion. Lumber Liquidators Holdings has a 52 week low of $14.02 and a 52 week high of $41.33.
Lumber Liquidators Holdings (NYSE:LL) last released its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The business had revenue of $263.50 million during the quarter, compared to analysts’ expectations of $256.89 million. During the same quarter last year, the business posted ($0.45) EPS. The business’s revenue was up 10.7% on a year-over-year basis. Analysts anticipate that Lumber Liquidators Holdings will post ($0.69) EPS for the current year.
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A number of hedge funds have recently bought and sold shares of the stock. USA Financial Portformulas Corp bought a new position in Lumber Liquidators Holdings during the 2nd quarter valued at approximately $342,000. Verition Fund Management LLC bought a new position in Lumber Liquidators Holdings during the 2nd quarter valued at approximately $251,000. Private Advisory Group LLC bought a new position in Lumber Liquidators Holdings during the 2nd quarter valued at approximately $307,000. The Manufacturers Life Insurance Company increased its position in Lumber Liquidators Holdings by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,889 shares of the specialty retailer’s stock valued at $549,000 after buying an additional 1,195 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Lumber Liquidators Holdings during the 2nd quarter valued at approximately $260,000. 77.32% of the stock is owned by institutional investors.
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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