Brokerages Set Lumber Liquidators Holdings, Inc (LL) Price Target at $30.38
Lumber Liquidators Holdings, Inc (NYSE:LL) has earned an average rating of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $30.38.
A number of research analysts have recently weighed in on LL shares. Piper Jaffray Companies reissued a “hold” rating and issued a $32.00 price target on shares of Lumber Liquidators Holdings in a research note on Friday, September 8th. Wedbush increased their price target on Lumber Liquidators Holdings from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, October 11th. Morgan Stanley increased their price target on Lumber Liquidators Holdings from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, October 2nd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $43.00 price target on shares of Lumber Liquidators Holdings in a research note on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Lumber Liquidators Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th.
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A number of hedge funds have recently added to or reduced their stakes in LL. Bank of New York Mellon Corp increased its holdings in Lumber Liquidators Holdings by 9.3% during the 1st quarter. Bank of New York Mellon Corp now owns 305,991 shares of the specialty retailer’s stock worth $6,423,000 after purchasing an additional 26,030 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in Lumber Liquidators Holdings during the 1st quarter worth about $220,000. Ameriprise Financial Inc. increased its holdings in Lumber Liquidators Holdings by 7.8% during the 1st quarter. Ameriprise Financial Inc. now owns 149,702 shares of the specialty retailer’s stock worth $3,142,000 after purchasing an additional 10,867 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Lumber Liquidators Holdings by 0.5% during the 1st quarter. JPMorgan Chase & Co. now owns 65,483 shares of the specialty retailer’s stock worth $1,374,000 after purchasing an additional 336 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Lumber Liquidators Holdings by 3.9% during the 1st quarter. Prudential Financial Inc. now owns 47,578 shares of the specialty retailer’s stock worth $999,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 76.67% of the company’s stock.
Shares of Lumber Liquidators Holdings (LL) traded down $0.67 during midday trading on Wednesday, reaching $30.71. 1,429,628 shares of the company traded hands, compared to its average volume of 1,180,000. Lumber Liquidators Holdings has a 12 month low of $14.02 and a 12 month high of $41.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.84 and a quick ratio of 0.31.
Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.24. The firm had revenue of $263.50 million for the quarter, compared to the consensus estimate of $256.89 million. Lumber Liquidators Holdings had a negative return on equity of 2.39% and a negative net margin of 4.57%. 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 business earned ($0.45) EPS. equities research analysts anticipate that Lumber Liquidators Holdings will post -1.19 EPS for the current year.
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.
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