Lumber Liquidators (LL) Coverage Initiated at Moffett Nathanson

Equities research analysts at Moffett Nathanson assumed coverage on shares of Lumber Liquidators (NYSE:LL) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the specialty retailer’s stock.

Other research analysts have also issued research reports about the stock. Oppenheimer set a $43.00 price target on shares of Lumber Liquidators and gave the company a “buy” rating in a research note on Friday, August 18th. Wedbush set a $39.00 price target on shares of Lumber Liquidators and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, November 1st. TheStreet lowered shares of Lumber Liquidators from a “c” rating to a “d+” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley upped their price target on shares of Lumber Liquidators from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, October 2nd. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.78.

Lumber Liquidators (NYSE:LL) opened at $29.34 on Monday. Lumber Liquidators has a 52 week low of $14.99 and a 52 week high of $41.33. The company has a quick ratio of 0.21, a current ratio of 1.84 and a debt-to-equity ratio of 0.17.

Several large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System grew its position in shares of Lumber Liquidators by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the specialty retailer’s stock worth $291,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund grew its position in shares of Lumber Liquidators by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 20,723 shares of the specialty retailer’s stock worth $519,000 after purchasing an additional 270 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Lumber Liquidators by 6.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock worth $167,000 after purchasing an additional 420 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Lumber Liquidators by 3.9% during the 2nd quarter. Nationwide Fund Advisors now owns 15,708 shares of the specialty retailer’s stock worth $394,000 after purchasing an additional 590 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Lumber Liquidators by 8.6% during the 2nd quarter. Voya Investment Management LLC now owns 12,770 shares of the specialty retailer’s stock worth $320,000 after purchasing an additional 1,009 shares in the last quarter. Hedge funds and other institutional investors own 79.29% of the company’s stock.

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About Lumber Liquidators

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.

Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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