Lumber Liquidators (NYSE:LL) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Lumber Liquidators (NYSE:LL) from a sell rating to a hold rating in a report issued on Friday, Zacks.com reports.

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. “

Other equities research analysts also recently issued reports about the stock. Evercore ISI reiterated a hold rating on shares of Lumber Liquidators in a research report on Wednesday, August 7th. Raymond James lifted their price target on shares of Lumber Liquidators from $10.00 to $14.00 and gave the company an outperform rating in a research report on Friday, September 13th. Finally, ValuEngine upgraded shares of Lumber Liquidators from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $11.38.

NYSE LL opened at $9.55 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.22 and a debt-to-equity ratio of 1.27. Lumber Liquidators has a 1-year low of $6.59 and a 1-year high of $14.44. The company has a 50 day moving average of $9.77 and a 200-day moving average of $10.42. The company has a market cap of $274.96 million, a price-to-earnings ratio of 16.75, a PEG ratio of 0.86 and a beta of 1.97.

Lumber Liquidators (NYSE:LL) last released its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Lumber Liquidators had a negative net margin of 5.37% and a positive return on equity of 6.17%. The business had revenue of $288.57 million during the quarter, compared to analyst estimates of $291.81 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts forecast that Lumber Liquidators will post 0.37 earnings per share for the current year.

In other news, insider Michael L. Reeves acquired 14,900 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $8.32 per share, with a total value of $123,968.00. Following the completion of the purchase, the insider now directly owns 44,631 shares of the company’s stock, valued at approximately $371,329.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dennis R. Knowles acquired 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $8.04 per share, for a total transaction of $112,560.00. Following the completion of the purchase, the chief executive officer now directly owns 102,241 shares of the company’s stock, valued at $822,017.64. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

A number of large investors have recently made changes to their positions in LL. Crossmark Global Holdings Inc. grew its stake in shares of Lumber Liquidators by 5.1% during the second quarter. Crossmark Global Holdings Inc. now owns 20,860 shares of the specialty retailer’s stock worth $241,000 after buying an additional 1,010 shares during the last quarter. NEXT Financial Group Inc grew its stake in shares of Lumber Liquidators by 147.3% during the third quarter. NEXT Financial Group Inc now owns 2,881 shares of the specialty retailer’s stock worth $28,000 after buying an additional 1,716 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Lumber Liquidators during the second quarter worth $29,000. Charles Schwab Investment Management Inc. grew its stake in shares of Lumber Liquidators by 2.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 164,102 shares of the specialty retailer’s stock worth $1,896,000 after buying an additional 4,320 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Lumber Liquidators by 9.8% during the second quarter. KBC Group NV now owns 50,613 shares of the specialty retailer’s stock worth $585,000 after buying an additional 4,535 shares during the last quarter. 83.35% of the stock is currently owned by institutional investors and hedge funds.

About Lumber Liquidators

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; 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 brand.

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