Lumber Liquidators Holdings, Inc (NYSE:LL) received a $32.00 price objective from research analysts at Piper Jaffray Companies in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Piper Jaffray Companies’ price objective indicates a potential downside of 9.27% from the company’s previous close.
A number of other research analysts have also recently issued reports on LL. Credit Suisse Group decreased their price objective on shares of Lumber Liquidators Holdings from $32.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, April 11th. Wedbush restated a “neutral” rating and set a $18.00 price objective on shares of Lumber Liquidators Holdings in a report on Tuesday, April 25th. Stifel Nicolaus restated a “hold” rating on shares of Lumber Liquidators Holdings in a report on Tuesday, May 2nd. Morgan Stanley boosted their price objective on shares of Lumber Liquidators Holdings from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, May 3rd. Finally, Jefferies Group LLC boosted their price objective on shares of Lumber Liquidators Holdings from $17.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.78.
Shares of Lumber Liquidators Holdings (LL) opened at 35.365 on Wednesday. The company’s market capitalization is $1.00 billion. Lumber Liquidators Holdings has a one year low of $14.02 and a one year high of $35.47. The company’s 50-day moving average is $25.51 and its 200-day moving average is $22.10.
Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.24. The business had revenue of $263.50 million during the quarter, compared to the consensus estimate of $256.89 million. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. Lumber Liquidators Holdings’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.45) earnings per share. Equities analysts predict that Lumber Liquidators Holdings will post ($0.83) earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in LL. Louisiana State Employees Retirement System boosted its position in Lumber Liquidators Holdings by 4.5% in the first quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 500 shares during the period. State Street Corp boosted its position in Lumber Liquidators Holdings by 11.2% in the fourth quarter. State Street Corp now owns 560,896 shares of the specialty retailer’s stock valued at $8,825,000 after buying an additional 56,425 shares during the period. Thrivent Financial for Lutherans boosted its position in Lumber Liquidators Holdings by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,700 shares of the specialty retailer’s stock valued at $231,000 after buying an additional 820 shares during the period. Columbia Pacific Advisors LLC bought a new position in Lumber Liquidators Holdings during the first quarter valued at $630,000. Finally, Baker Avenue Asset Management LP boosted its position in Lumber Liquidators Holdings by 42.1% in the first quarter. Baker Avenue Asset Management LP now owns 28,410 shares of the specialty retailer’s stock valued at $596,000 after buying an additional 8,410 shares during the period. Institutional investors own 73.39% 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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