Lumber Liquidators Holdings Inc (LL) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Lumber Liquidators Holdings Inc (NYSE:LL) have received a consensus rating of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.89.
LL has been the subject of several recent research reports. Zacks Investment Research upgraded Lumber Liquidators from a “strong sell” rating to a “hold” rating in a report on Saturday, August 4th. Piper Jaffray Companies restated a “hold” rating and set a $21.00 price objective on shares of Lumber Liquidators in a report on Wednesday, August 1st. Oppenheimer downgraded Lumber Liquidators from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 30th. CIBC restated a “market perform” rating on shares of Lumber Liquidators in a report on Tuesday, October 30th. Finally, Morgan Stanley decreased their price objective on Lumber Liquidators from $21.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, October 11th.
Shares of LL stock opened at $11.68 on Friday. The company has a market capitalization of $348.02 million, a price-to-earnings ratio of -8.78, a price-to-earnings-growth ratio of 0.88 and a beta of 1.50. The company has a quick ratio of 0.18, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. Lumber Liquidators has a fifty-two week low of $9.95 and a fifty-two week high of $32.63.
Several large investors have recently made changes to their positions in LL. SG Capital Management LLC purchased a new position in shares of Lumber Liquidators during the second quarter valued at approximately $22,862,000. Frontier Capital Management Co. LLC purchased a new position in shares of Lumber Liquidators during the second quarter valued at approximately $11,136,000. JPMorgan Chase & Co. boosted its position in shares of Lumber Liquidators by 299.4% during the third quarter. JPMorgan Chase & Co. now owns 410,079 shares of the specialty retailer’s stock valued at $6,352,000 after buying an additional 307,397 shares during the last quarter. BlackRock Inc. boosted its position in shares of Lumber Liquidators by 7.5% during the second quarter. BlackRock Inc. now owns 4,324,346 shares of the specialty retailer’s stock valued at $105,298,000 after buying an additional 302,251 shares during the last quarter. Finally, Gagnon Securities LLC boosted its position in shares of Lumber Liquidators by 47.5% during the second quarter. Gagnon Securities LLC now owns 582,477 shares of the specialty retailer’s stock valued at $14,183,000 after buying an additional 187,635 shares during the last quarter. 76.09% of the stock is currently owned by institutional investors.
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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