Zacks Investment Research lowered shares of Lumber Liquidators Holdings, Inc (NYSE:LL) from a buy rating to a hold rating in a report issued on Thursday morning.

According to Zacks, “Lumber Liquidators, Inc. is a specialty retailer of hardwood flooring. The Company offers a selection of hardwood flooring products under multiple brands. Lumber Liquidators sells its products through more than 110 Lumber Liquidators stores across the U.S., a call center, its Website and catalog. The Company offers hardwood flooring products from more than twenty five domestic and exotic wood species in both prefinished and unfinished brands of various widths and lengths. Lumber Liquidators also offers an assortment of flooring enhancements and installation accessories including moldings, noise-reducing underlays and adhesives. The Company’s product offering is substantially comprised of its own brands, including its Bellawood brand, as well as its Builder’s Pride, Virginia Mill Works, Schon, Morning Star Bamboo and Dream Home brands. “

LL has been the topic of a number of other research reports. Piper Jaffray Companies reaffirmed a hold rating and set a $32.00 price target on shares of Lumber Liquidators Holdings in a report on Friday, September 8th. Wedbush raised their price target on shares of Lumber Liquidators Holdings from $35.00 to $39.00 and gave the company an outperform rating in a report on Wednesday, October 11th. Morgan Stanley raised their price target on shares of Lumber Liquidators Holdings from $32.00 to $35.00 and gave the company an equal weight rating in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $43.00 price target on shares of Lumber Liquidators Holdings in a report on Wednesday, October 4th. Finally, BidaskClub downgraded shares of Lumber Liquidators Holdings from a hold rating to a sell rating in a report on Wednesday, July 12th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $30.78.

Shares of Lumber Liquidators Holdings (NYSE:LL) traded down $0.67 during trading hours on Thursday, reaching $30.71. 1,429,628 shares of the company’s stock traded hands, compared to its average volume of 1,286,325. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 1.84.

Lumber Liquidators Holdings (NYSE:LL) last announced its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. The company had revenue of $263.50 million for the quarter, compared to the consensus estimate of $256.89 million. Lumber Liquidators Holdings had a negative net margin of 4.57% and a negative return on equity of 2.39%. Lumber Liquidators Holdings’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.45) EPS. sell-side analysts anticipate that Lumber Liquidators Holdings will post -1.19 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of LL. UBS Asset Management Americas Inc. purchased a new position in shares of Lumber Liquidators Holdings in the first quarter worth approximately $220,000. Ameriprise Financial Inc. boosted its holdings in shares of Lumber Liquidators Holdings by 7.8% in the first quarter. Ameriprise Financial Inc. now owns 149,702 shares of the specialty retailer’s stock worth $3,142,000 after buying an additional 10,867 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Lumber Liquidators Holdings by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 65,483 shares of the specialty retailer’s stock worth $1,374,000 after buying an additional 336 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Lumber Liquidators Holdings by 3.9% in the first quarter. Prudential Financial Inc. now owns 47,578 shares of the specialty retailer’s stock worth $999,000 after buying an additional 1,800 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Lumber Liquidators Holdings by 5.0% in the first quarter. Arizona State Retirement System now owns 14,755 shares of the specialty retailer’s stock worth $310,000 after buying an additional 700 shares during the last quarter. 76.67% 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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