Lumber Liquidators (NYSE:LL) had its price target lowered by analysts at Morgan Stanley from $21.00 to $16.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price target would indicate a potential upside of 21.03% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Loop Capital set a $25.00 price objective on Lumber Liquidators and gave the company a “buy” rating in a research report on Tuesday, July 31st. TheStreet upgraded Lumber Liquidators from a “d+” rating to a “c-” rating in a report on Tuesday, July 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $21.00 target price on shares of Lumber Liquidators in a report on Wednesday, August 1st. Stifel Nicolaus reduced their target price on Lumber Liquidators from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, August 1st. Finally, Zacks Investment Research upgraded Lumber Liquidators from a “strong sell” rating to a “hold” rating in a report on Saturday, August 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Lumber Liquidators presently has a consensus rating of “Hold” and a consensus price target of $22.73.

Shares of NYSE:LL opened at $13.22 on Thursday. The firm has a market capitalization of $442.84 million, a PE ratio of -10.40, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38. The company has a quick ratio of 0.16, a current ratio of 1.73 and a debt-to-equity ratio of 0.18. Lumber Liquidators has a 52 week low of $13.00 and a 52 week high of $36.85.

Lumber Liquidators (NYSE:LL) last announced its quarterly earnings data on Tuesday, July 31st. The specialty retailer reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.28). The business had revenue of $283.50 million during the quarter, compared to analysts’ expectations of $281.26 million. Lumber Liquidators had a negative net margin of 1.82% and a positive return on equity of 3.24%. Lumber Liquidators’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. On average, research analysts anticipate that Lumber Liquidators will post 0.48 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. OppenheimerFunds Inc. lifted its stake in shares of Lumber Liquidators by 12.0% during the first quarter. OppenheimerFunds Inc. now owns 25,609 shares of the specialty retailer’s stock worth $613,000 after purchasing an additional 2,752 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Lumber Liquidators by 2.4% during the first quarter. Principal Financial Group Inc. now owns 218,371 shares of the specialty retailer’s stock worth $5,223,000 after purchasing an additional 5,217 shares in the last quarter. A.R.T. Advisors LLC lifted its stake in shares of Lumber Liquidators by 263.9% during the first quarter. A.R.T. Advisors LLC now owns 144,374 shares of the specialty retailer’s stock worth $3,453,000 after purchasing an additional 104,700 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Lumber Liquidators by 50.6% during the first quarter. Blair William & Co. IL now owns 19,725 shares of the specialty retailer’s stock worth $472,000 after purchasing an additional 6,625 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Lumber Liquidators by 126.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,833 shares of the specialty retailer’s stock worth $211,000 after purchasing an additional 4,933 shares in the last quarter. Hedge funds and other institutional investors own 79.63% of the company’s stock.

About Lumber Liquidators

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood and Morning Star Bamboo brands.

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