Lumber Liquidators Holdings Inc (NYSE:LL)’s share price dropped 8.8% on Tuesday . The stock traded as low as $11.14 and last traded at $11.18. Approximately 1,767,195 shares changed hands during trading, an increase of 63% from the average daily volume of 1,085,333 shares. The stock had previously closed at $12.26.

LL has been the subject of several research reports. Loop Capital set a $24.00 price objective on shares of Lumber Liquidators and gave the company a “buy” rating in a research report on Tuesday, October 30th. Morgan Stanley reduced 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. SunTrust Banks reduced their price objective on shares of Lumber Liquidators to $13.00 and set a “hold” rating for the company in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Credit Suisse Group reduced their price objective on shares of Lumber Liquidators from $17.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.40.

The firm has a market capitalization of $361.47 million, a P/E ratio of -8.41, a PEG ratio of 0.98 and a beta of 1.57. 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 (NYSE:LL) last announced its earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. Lumber Liquidators had a net margin of 0.51% and a return on equity of 6.14%. The company had revenue of $270.47 million during the quarter, compared to analysts’ expectations of $281.82 million. During the same period last year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts expect that Lumber Liquidators Holdings Inc will post 0.46 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. purchased a new stake in shares of Lumber Liquidators in the second quarter worth approximately $127,000. NumerixS Investment Technologies Inc lifted its position in shares of Lumber Liquidators by 530.0% in the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock worth $156,000 after purchasing an additional 5,300 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Lumber Liquidators in the second quarter worth approximately $162,000. Pinebridge Investments L.P. purchased a new stake in shares of Lumber Liquidators in the second quarter worth approximately $177,000. Finally, Meadow Creek Investment Management LLC lifted its position in shares of Lumber Liquidators by 95.8% in the second quarter. Meadow Creek Investment Management LLC now owns 7,896 shares of the specialty retailer’s stock worth $192,000 after purchasing an additional 3,864 shares in the last quarter. Institutional investors own 77.22% of the company’s stock.

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Lumber Liquidators Company Profile (NYSE:LL)

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.

Further Reading: Institutional Investors

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