Zacks Investment Research upgraded shares of Lumber Liquidators (NYSE:LL) from a hold rating to a buy rating in a research note issued to investors on Thursday. Zacks Investment Research currently has $12.00 price objective on the specialty retailer’s stock.

According to Zacks, “Lumber Liquidators, Inc. found its niche market in hardwood flooring. Lumber Liquidators prides itself on having one of the largest inventories of prefinished and unfinished hardwood floors in the industry. There are flooring experts in every store ready to help, and free samples are available. Lumber Liquidators carries solid and engineered hardwood, laminate flooring, bamboo flooring, cork flooring, vinyl flooring, wood-look tile flooring, butcher blocks, mouldings, accessories and tools. It negotiates directly with the mills, eliminating the middleman and passing the savings on to the customers. The environmentally conscientious company only purchases from suppliers who practice sustainable harvesting, which allows forests to heal and re-grow faster. Everything Lumber Liquidators sells (unless specified otherwise) is first-quality, graded to industry specifications, and available in standard flooring lengths. “

LL has been the subject of several other reports. SunTrust Banks reissued a hold rating and issued a $10.00 price objective on shares of Lumber Liquidators in a research report on Monday. Loop Capital cut shares of Lumber Liquidators from a buy rating to a hold rating and lowered their target price for the company from $24.00 to $10.00 in a report on Thursday, January 3rd. ValuEngine lowered shares of Lumber Liquidators from a hold rating to a sell rating in a research report on Monday, December 31st. Credit Suisse Group cut their price target 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. Finally, Morgan Stanley set a $10.00 price target on shares of Lumber Liquidators and gave the stock a hold rating in a research note on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $14.70.

Shares of LL stock traded up $0.21 on Thursday, reaching $10.96. 444,400 shares of the stock were exchanged, compared to its average volume of 1,078,912. The company has a quick ratio of 0.18, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. Lumber Liquidators has a one year low of $9.13 and a one year high of $31.95. The company has a market cap of $312.25 million, a P/E ratio of -8.24, a PEG ratio of 0.89 and a beta of 1.68.

Lumber Liquidators (NYSE:LL) last released its earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. Lumber Liquidators had a return on equity of 6.14% and a net margin of 0.51%. The business had revenue of $270.47 million for the quarter, compared to analyst estimates of $281.82 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. Lumber Liquidators’s revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts anticipate that Lumber Liquidators will post 0.55 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new position in Lumber Liquidators in the 2nd quarter valued at $127,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Lumber Liquidators during the 2nd quarter worth about $220,000. Quantbot Technologies LP purchased a new position in Lumber Liquidators in the 3rd quarter worth approximately $223,000. Glen Harbor Capital Management LLC boosted its holdings in Lumber Liquidators by 95.8% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 9,588 shares of the specialty retailer’s stock worth $233,000 after acquiring an additional 4,692 shares during the period. Finally, Stone Ridge Asset Management LLC boosted its stake in shares of Lumber Liquidators by 62.6% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 20,451 shares of the specialty retailer’s stock valued at $317,000 after buying an additional 7,873 shares during the last quarter. 77.19% of the stock is currently owned by institutional investors.

About Lumber Liquidators

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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