Lumber Liquidators (LL) Stock Rating Lowered by Oppenheimer

Lumber Liquidators (NYSE:LL) was downgraded by stock analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report issued on Tuesday.

A number of other brokerages also recently commented on LL. Zacks Investment Research upgraded shares of Lumber Liquidators from a “strong sell” rating to a “hold” rating in a research 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 research report on Wednesday, August 1st. Morgan Stanley cut their price objective on shares of Lumber Liquidators from $21.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, October 11th. Longbow Research initiated coverage on shares of Lumber Liquidators in a research report on Friday, August 24th. They set a “neutral” rating for the company. Finally, Credit Suisse Group cut their price objective on shares of Lumber Liquidators from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $22.73.

Lumber Liquidators stock traded down $1.04 during trading hours on Tuesday, reaching $11.29. 23,860 shares of the stock were exchanged, compared to its average volume of 1,094,129. The company has a market cap of $361.36 million, a P/E ratio of -8.49, a PEG ratio of 0.96 and a beta of 1.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 1.73. Lumber Liquidators has a 52-week low of $12.06 and a 52-week high of $35.94.

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 firm had revenue of $283.50 million for the quarter, compared to analysts’ expectations of $281.26 million. Lumber Liquidators had a positive return on equity of 3.24% and a negative net margin of 1.82%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. As a group, equities analysts predict that Lumber Liquidators will post 0.48 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in LL. SG Capital Management LLC purchased a new position in shares of Lumber Liquidators in the 2nd quarter valued at about $22,862,000. Frontier Capital Management Co. LLC purchased a new position in shares of Lumber Liquidators in the 2nd quarter valued at about $11,136,000. Millennium Management LLC increased its holdings in shares of Lumber Liquidators by 337.8% in the 1st quarter. Millennium Management LLC now owns 491,280 shares of the specialty retailer’s stock valued at $11,751,000 after purchasing an additional 379,061 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Lumber Liquidators by 7.5% in the 2nd quarter. BlackRock Inc. now owns 4,324,346 shares of the specialty retailer’s stock valued at $105,298,000 after purchasing an additional 302,251 shares in the last quarter. Finally, Gagnon Securities LLC increased its holdings in shares of Lumber Liquidators by 47.5% in the 2nd quarter. Gagnon Securities LLC now owns 582,477 shares of the specialty retailer’s stock valued at $14,183,000 after purchasing an additional 187,635 shares in the last quarter. Institutional investors and hedge funds own 76.22% of the company’s stock.

Lumber Liquidators Company Profile

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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Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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