Lumber Liquidators Holdings Inc Expected to Earn FY2017 Earnings of ($1.37) Per Share (LL)
Lumber Liquidators Holdings Inc (NYSE:LL) – Stock analysts at Wedbush cut their FY2017 earnings estimates for shares of Lumber Liquidators in a report released on Monday. Wedbush analyst S. Basham now forecasts that the specialty retailer will post earnings of ($1.37) per share for the year, down from their previous forecast of ($1.31). Wedbush currently has a “Neutral” rating and a $28.00 target price on the stock. Wedbush also issued estimates for Lumber Liquidators’ Q4 2017 earnings at $0.07 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.66 EPS and FY2019 earnings at $1.09 EPS.
A number of other equities research analysts have also weighed in on LL. Zacks Investment Research lowered Lumber Liquidators from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Moffett Nathanson began coverage on Lumber Liquidators in a research note on Monday, December 4th. They set a “buy” rating on the stock. Stifel Nicolaus restated a “hold” rating and set a $33.00 price target on shares of Lumber Liquidators in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $34.00 price target on Lumber Liquidators and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, Oppenheimer set a $43.00 price target on Lumber Liquidators and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.67.
Several institutional investors have recently added to or reduced their stakes in LL. FMR LLC acquired a new stake in shares of Lumber Liquidators during the second quarter worth about $10,906,000. BlackRock Inc. lifted its holdings in shares of Lumber Liquidators by 7.7% during the fourth quarter. BlackRock Inc. now owns 4,087,391 shares of the specialty retailer’s stock worth $128,302,000 after purchasing an additional 293,626 shares during the period. Columbus Circle Investors lifted its holdings in shares of Lumber Liquidators by 184.8% during the third quarter. Columbus Circle Investors now owns 404,804 shares of the specialty retailer’s stock worth $15,779,000 after purchasing an additional 262,673 shares during the period. Chartwell Investment Partners LLC lifted its holdings in shares of Lumber Liquidators by 269.9% during the third quarter. Chartwell Investment Partners LLC now owns 292,262 shares of the specialty retailer’s stock worth $11,392,000 after purchasing an additional 213,251 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lumber Liquidators during the fourth quarter worth about $6,008,000. 78.37% of the stock is owned by hedge funds and other institutional investors.
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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.
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