Lumber Liquidators’ (LL) “Hold” Rating Reaffirmed at SunTrust Banks
SunTrust Banks reiterated their hold rating on shares of Lumber Liquidators (NYSE:LL) in a report released on Monday. The firm currently has a $10.00 price objective on the specialty retailer’s stock. SunTrust Banks also issued estimates for Lumber Liquidators’ FY2018 earnings at $0.56 EPS, Q1 2019 earnings at ($0.13) EPS, Q2 2019 earnings at ($0.09) EPS, Q3 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $0.13 EPS and FY2020 earnings at $0.39 EPS.
A number of other equities analysts have also recently issued reports on the company. ValuEngine cut Lumber Liquidators from a hold rating to a sell rating in a report on Monday, December 31st. Morgan Stanley lowered their target price on Lumber Liquidators from $21.00 to $16.00 and set an equal weight rating for the company in a report on Thursday, October 11th. CIBC reiterated a market perform rating on shares of Lumber Liquidators in a report on Tuesday, October 30th. Citigroup started coverage on Lumber Liquidators in a report on Wednesday, October 10th. They set a neutral rating and a $15.00 target price for the company. Finally, UBS Group cut Lumber Liquidators from an outperform rating to a market perform rating in a report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $14.70.
LL stock traded up $0.08 during trading hours on Monday, reaching $10.83. 15,061 shares of the stock were exchanged, compared to its average volume of 1,018,500. The stock has a market cap of $312.25 million, a PE ratio of -8.14, a price-to-earnings-growth ratio of 0.89 and a beta of 1.68. The company has a current ratio of 1.89, a quick ratio of 0.18 and a debt-to-equity ratio of 0.21. Lumber Liquidators has a 12 month low of $9.13 and a 12 month high of $31.95.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Lumber Liquidators in the 3rd quarter valued at about $12,361,000. Morgan Stanley lifted its stake in Lumber Liquidators by 75.7% in the 3rd quarter. Morgan Stanley now owns 256,357 shares of the specialty retailer’s stock valued at $3,972,000 after purchasing an additional 110,434 shares during the last quarter. Legal & General Group Plc lifted its stake in Lumber Liquidators by 8.7% in the 3rd quarter. Legal & General Group Plc now owns 65,521 shares of the specialty retailer’s stock valued at $1,020,000 after purchasing an additional 5,236 shares during the last quarter. Teachers Advisors LLC lifted its stake in Lumber Liquidators by 9.9% in the 3rd quarter. Teachers Advisors LLC now owns 445,590 shares of the specialty retailer’s stock valued at $6,902,000 after purchasing an additional 40,121 shares during the last quarter. Finally, Summit Global Investments lifted its stake in Lumber Liquidators by 21.6% in the 3rd quarter. Summit Global Investments now owns 33,800 shares of the specialty retailer’s stock valued at $524,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors own 77.19% 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.
Read More: Diversification in Investing
Receive News & Ratings for Lumber Liquidators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumber Liquidators and related companies with MarketBeat.com's FREE daily email newsletter.