Longbow Research assumed coverage on shares of Lumber Liquidators (NYSE:LL) in a report published on Friday morning, Marketbeat reports. The brokerage issued a neutral rating on the specialty retailer’s stock.

Other research analysts have also issued reports about the company. Piper Jaffray Companies reissued a hold rating and set a $21.00 target price on shares of Lumber Liquidators in a report on Wednesday, August 1st. Stifel Nicolaus decreased their target price on Lumber Liquidators from $25.00 to $22.00 and set a hold rating on the stock in a report on Wednesday, May 2nd. Zacks Investment Research raised Lumber Liquidators from a hold rating to a buy rating and set a $22.00 target price on the stock in a report on Thursday, May 3rd. ValuEngine raised Lumber Liquidators from a strong sell rating to a sell rating in a report on Thursday, June 7th. Finally, Loop Capital set a $25.00 target price on Lumber Liquidators and gave the stock a buy rating in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $24.00.

LL stock opened at $17.33 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The company has a market cap of $492.87 million, a P/E ratio of -13.03, a price-to-earnings-growth ratio of 0.95 and a beta of 1.36. Lumber Liquidators has a 1-year low of $16.90 and a 1-year high of $41.33.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Tuesday, July 31st. The specialty retailer reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.28). The business had revenue of $283.50 million for the quarter, compared to analyst estimates 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 revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. equities analysts forecast that Lumber Liquidators will post 0.66 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LL. SG Capital Management LLC bought a new stake in Lumber Liquidators in the 2nd quarter valued at $22,862,000. Frontier Capital Management Co. LLC bought a new stake in Lumber Liquidators in the 2nd quarter valued at $11,136,000. Millennium Management LLC boosted its stake in 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 during the period. BlackRock Inc. boosted its stake in 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 during the period. Finally, Gagnon Securities LLC boosted its stake in 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 during the period. Institutional investors and hedge funds own 79.61% 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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