Lumber Liquidators Holdings, Inc (LL) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its position in Lumber Liquidators Holdings, Inc (NYSE:LL) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,504,255 shares of the specialty retailer’s stock after buying an additional 162,866 shares during the quarter. Vanguard Group Inc. owned about 8.81% of Lumber Liquidators Holdings worth $62,756,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LL. Captrust Financial Advisors acquired a new stake in shares of Lumber Liquidators Holdings in the second quarter valued at $118,000. State of Alaska Department of Revenue lifted its holdings in shares of Lumber Liquidators Holdings by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 2,488 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Lumber Liquidators Holdings by 6.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 420 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of Lumber Liquidators Holdings in the second quarter valued at $183,000. Finally, Aperio Group LLC acquired a new stake in shares of Lumber Liquidators Holdings in the second quarter valued at $204,000. Institutional investors and hedge funds own 76.67% of the company’s stock.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $33.00 price objective on shares of Lumber Liquidators Holdings in a report on Wednesday. Piper Jaffray Companies set a $34.00 price objective on Lumber Liquidators Holdings and gave the company a “neutral” rating in a report on Wednesday. Oppenheimer Holdings, Inc. set a $43.00 price objective on Lumber Liquidators Holdings and gave the company a “buy” rating in a report on Tuesday. Finally, Wedbush set a $39.00 price objective on Lumber Liquidators Holdings and gave the company a “buy” rating in a report on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.78.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://sportsperspectives.com/2017/11/02/lumber-liquidators-holdings-inc-ll-shares-bought-by-vanguard-group-inc.html.

Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative return on equity of 2.39% and a negative net margin of 4.57%. The business had revenue of $263.50 million for the quarter, compared to analyst estimates of $256.89 million. During the same period last year, the company earned ($0.45) EPS. The firm’s revenue was up 10.7% on a year-over-year basis.

Lumber Liquidators Holdings Company Profile

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.

Want to see what other hedge funds are holding LL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lumber Liquidators Holdings, Inc (NYSE:LL).

Institutional Ownership by Quarter for Lumber Liquidators Holdings (NYSE:LL)

Receive News & Ratings for Lumber Liquidators Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumber Liquidators Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply