Lumber Liquidators (LL) Trading Down 5.7%
Lumber Liquidators Holdings Inc (NYSE:LL)’s share price was down 5.7% during trading on Thursday . The stock traded as low as $15.68 and last traded at $15.74. Approximately 1,730,000 shares were traded during trading, an increase of 68% from the average daily volume of 1,032,543 shares. The stock had previously closed at $16.70.
Several equities analysts have recently commented on LL shares. Zacks Investment Research raised shares of Lumber Liquidators from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 4th. TheStreet upgraded shares of Lumber Liquidators from a “d+” rating to a “c-” rating in a research report on Tuesday, July 3rd. Morgan Stanley reduced their price target on shares of Lumber Liquidators from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 1st. Longbow Research initiated coverage on shares of Lumber Liquidators in a research report on Friday, August 24th. They set a “neutral” rating on the stock. Finally, Credit Suisse Group reduced their price target on shares of Lumber Liquidators from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.
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 stock has a market cap of $484.86 million, a PE ratio of -12.26, a PEG ratio of 1.28 and a beta of 1.39.
Institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. purchased a new stake in Lumber Liquidators in the second quarter worth about $127,000. First Mercantile Trust Co. purchased a new stake in shares of Lumber Liquidators during the second quarter valued at approximately $127,000. NumerixS Investment Technologies Inc grew its holdings in shares of Lumber Liquidators by 530.0% during the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock valued at $156,000 after buying an additional 5,300 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Lumber Liquidators during the second quarter valued at approximately $162,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Lumber Liquidators during the second quarter valued at approximately $177,000. Institutional investors and hedge funds own 79.63% of the company’s stock.
About Lumber Liquidators (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.
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