Lumber Liquidators Holdings Inc (LL) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Lumber Liquidators Holdings Inc (NYSE:LL) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,197 shares of the specialty retailer’s stock after selling 30,656 shares during the quarter. Bank of New York Mellon Corp’s holdings in Lumber Liquidators were worth $9,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in LL. Ameriprise Financial Inc. grew its position in Lumber Liquidators by 6.5% during the third quarter. Ameriprise Financial Inc. now owns 204,938 shares of the specialty retailer’s stock valued at $7,987,000 after acquiring an additional 12,552 shares during the last quarter. Engineers Gate Manager LP grew its position in Lumber Liquidators by 66.2% during the fourth quarter. Engineers Gate Manager LP now owns 79,324 shares of the specialty retailer’s stock valued at $2,490,000 after acquiring an additional 31,604 shares during the last quarter. Rhumbline Advisers grew its position in Lumber Liquidators by 16.8% during the fourth quarter. Rhumbline Advisers now owns 64,058 shares of the specialty retailer’s stock valued at $2,011,000 after acquiring an additional 9,193 shares during the last quarter. WINTON GROUP Ltd bought a new position in Lumber Liquidators during the third quarter valued at approximately $2,317,000. Finally, Pinebridge Investments L.P. grew its position in Lumber Liquidators by 30.8% during the fourth quarter. Pinebridge Investments L.P. now owns 49,363 shares of the specialty retailer’s stock valued at $1,550,000 after acquiring an additional 11,614 shares during the last quarter. 78.50% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have commented on LL. Loop Capital upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, March 16th. SunTrust Banks cut their target price on shares of Lumber Liquidators to $24.00 and set a “hold” rating on the stock in a report on Thursday, March 1st. Credit Suisse Group cut their target price on shares of Lumber Liquidators from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Jefferies Group restated a “hold” rating and issued a $24.00 target price on shares of Lumber Liquidators in a report on Thursday, March 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $25.00 target price (down previously from $33.00) on shares of Lumber Liquidators in a report on Wednesday, February 28th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.00.

Shares of Lumber Liquidators stock opened at $23.92 on Friday. The company has a market capitalization of $681.48, a PE ratio of -17.98, a PEG ratio of 1.28 and a beta of 1.90. Lumber Liquidators Holdings Inc has a 52-week low of $18.67 and a 52-week high of $41.33. The company has a current ratio of 1.67, a quick ratio of 0.20 and a debt-to-equity ratio of 0.08.

Lumber Liquidators (NYSE:LL) last released its quarterly earnings results on Tuesday, February 27th. The specialty retailer reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $259.86 million for the quarter, compared to analysts’ expectations of $264.56 million. Lumber Liquidators had a negative net margin of 3.68% and a positive return on equity of 1.71%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) earnings per share. analysts predict that Lumber Liquidators Holdings Inc will post 0.79 EPS for the current year.

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About Lumber Liquidators

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

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Institutional Ownership by Quarter for Lumber Liquidators (NYSE:LL)

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