Loop Capital upgraded shares of Lumber Liquidators (NYSE:LL) from a hold rating to a buy rating in a research report sent to investors on Friday morning, Marketbeat.com reports. They currently have $30.00 target price on the specialty retailer’s stock.
A number of other equities research analysts have also issued reports on the company. Wedbush lowered Lumber Liquidators from an outperform rating to a neutral rating and decreased their price target for the stock from $39.00 to $28.00 in a research note on Monday, February 12th. Zacks Investment Research raised Lumber Liquidators from a hold rating to a buy rating and set a $35.00 price target for the company in a research note on Wednesday, January 3rd. Moffett Nathanson started coverage on Lumber Liquidators in a research note on Monday, December 4th. They set a buy rating for the company. Morgan Stanley decreased their price target on Lumber Liquidators from $35.00 to $24.00 and set an equal weight rating for the company in a research note on Wednesday, February 28th. Finally, Jefferies Group reaffirmed a hold rating and set a $24.00 target price on shares of Lumber Liquidators in a research report on Thursday, March 1st. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $26.00.
Lumber Liquidators stock opened at $24.29 on Friday. Lumber Liquidators has a 1-year low of $18.26 and a 1-year high of $41.33. The company has a quick ratio of 0.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $722.23, a P/E ratio of -18.26, a PEG ratio of 1.36 and a beta of 1.90.
Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Lumber Liquidators by 7.7% in the 4th quarter. BlackRock Inc. now owns 4,087,391 shares of the specialty retailer’s stock worth $128,302,000 after acquiring an additional 293,626 shares in the last quarter. State Street Corp raised its position in shares of Lumber Liquidators by 5.1% in the 2nd quarter. State Street Corp now owns 631,095 shares of the specialty retailer’s stock worth $15,820,000 after acquiring an additional 30,639 shares in the last quarter. Columbus Circle Investors raised its position in shares of Lumber Liquidators by 184.8% in the 3rd quarter. Columbus Circle Investors now owns 404,804 shares of the specialty retailer’s stock worth $15,779,000 after acquiring an additional 262,673 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Lumber Liquidators by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 338,853 shares of the specialty retailer’s stock worth $13,208,000 after acquiring an additional 5,624 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its position in shares of Lumber Liquidators by 269.9% in the 3rd quarter. Chartwell Investment Partners LLC now owns 292,262 shares of the specialty retailer’s stock worth $11,392,000 after acquiring an additional 213,251 shares in the last quarter. 78.41% of the stock is owned by institutional investors and hedge funds.
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.
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