Lumber Liquidators Holdings, Inc (LL) Price Target Raised to $0.00

Lumber Liquidators Holdings, Inc (NYSE:LL) had its price objective increased by Oppenheimer Holdings, Inc. in a research note published on Friday. Oppenheimer Holdings, Inc. currently has an outperform rating on the specialty retailer’s stock. Oppenheimer Holdings also issued estimates for Lumber Liquidators Holdings’ FY2019 earnings at $1.14 EPS.

LL has been the topic of several other research reports. Zacks Investment Research raised shares of Lumber Liquidators Holdings from a hold rating to a buy rating and set a $28.00 target price on the stock in a report on Wednesday, July 5th. Wedbush reaffirmed an outperform rating and issued a $35.00 target price (up from $27.00) on shares of Lumber Liquidators Holdings in a research report on Tuesday, August 8th. BidaskClub cut shares of Lumber Liquidators Holdings from a hold rating to a sell rating in a research report on Wednesday, July 12th. TheStreet raised shares of Lumber Liquidators Holdings from a d+ rating to a c rating in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $32.00 price target on shares of Lumber Liquidators Holdings and gave the company a hold rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $27.78.

Lumber Liquidators Holdings (NYSE LL) opened at 35.22 on Friday. The company’s market capitalization is $1.00 billion. The company has a 50-day moving average of $29.27 and a 200-day moving average of $23.84. Lumber Liquidators Holdings has a 52 week low of $14.02 and a 52 week high of $37.84.

Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.24. The firm had revenue of $263.50 million for the quarter, compared to analyst estimates of $256.89 million. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.45) EPS. On average, equities research analysts anticipate that Lumber Liquidators Holdings will post ($0.69) EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC increased its position in Lumber Liquidators Holdings by 204.1% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,841,021 shares of the specialty retailer’s stock worth $38,643,000 after buying an additional 1,235,707 shares during the last quarter. FMR LLC acquired a new position in Lumber Liquidators Holdings during the second quarter worth about $10,906,000. PDT Partners LLC increased its position in Lumber Liquidators Holdings by 431.1% in the second quarter. PDT Partners LLC now owns 412,000 shares of the specialty retailer’s stock worth $10,325,000 after buying an additional 334,420 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Lumber Liquidators Holdings during the first quarter worth about $6,339,000. Finally, Quantitative Investment Management LLC increased its position in Lumber Liquidators Holdings by 342.3% in the second quarter. Quantitative Investment Management LLC now owns 311,400 shares of the specialty retailer’s stock worth $7,803,000 after buying an additional 241,000 shares during the last quarter. 71.89% of the stock is currently owned by institutional investors.

About Lumber Liquidators Holdings

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 Holdings (NYSE:LL)

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