Thompson Investment Management Inc. Grows Holdings in Lumber Liquidators Holdings Inc (NYSE:LL)

Thompson Investment Management Inc. lifted its holdings in Lumber Liquidators Holdings Inc (NYSE:LL) by 19.0% during the third quarter, Holdings Channel reports. The institutional investor owned 504,326 shares of the specialty retailer’s stock after acquiring an additional 80,415 shares during the quarter. Thompson Investment Management Inc.’s holdings in Lumber Liquidators were worth $4,978,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LL. Price T Rowe Associates Inc. MD boosted its stake in Lumber Liquidators by 0.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,776,280 shares of the specialty retailer’s stock worth $32,066,000 after purchasing an additional 21,488 shares in the last quarter. Gagnon Securities LLC boosted its stake in Lumber Liquidators by 3.8% in the 2nd quarter. Gagnon Securities LLC now owns 1,153,500 shares of the specialty retailer’s stock worth $13,323,000 after purchasing an additional 42,238 shares in the last quarter. Northern Trust Corp boosted its stake in Lumber Liquidators by 2.5% in the 2nd quarter. Northern Trust Corp now owns 383,356 shares of the specialty retailer’s stock worth $4,428,000 after purchasing an additional 9,407 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Lumber Liquidators by 7.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 349,068 shares of the specialty retailer’s stock worth $4,033,000 after purchasing an additional 25,630 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Lumber Liquidators by 9.7% in the 2nd quarter. Invesco Ltd. now owns 264,048 shares of the specialty retailer’s stock worth $3,050,000 after purchasing an additional 23,240 shares in the last quarter. 83.31% of the stock is currently owned by hedge funds and other institutional investors.

LL traded down $0.18 during midday trading on Friday, hitting $9.15. 1,106,763 shares of the company traded hands, compared to its average volume of 1,336,393. The company has a quick ratio of 0.22, a current ratio of 1.47 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $265.19 million, a PE ratio of 16.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.98. The company’s 50-day moving average is $9.42 and its 200 day moving average is $10.28. Lumber Liquidators Holdings Inc has a 52 week low of $6.59 and a 52 week high of $14.44.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Wednesday, November 6th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.12). The company had revenue of $263.96 million for the quarter, compared to the consensus estimate of $276.01 million. Lumber Liquidators had a negative net margin of 5.37% and a positive return on equity of 6.17%. Lumber Liquidators’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. On average, sell-side analysts predict that Lumber Liquidators Holdings Inc will post 0.37 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on LL. Evercore ISI reiterated a “hold” rating on shares of Lumber Liquidators in a research note on Wednesday, August 7th. ValuEngine upgraded shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James upped their price target on shares of Lumber Liquidators from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Finally, Zacks Investment Research cut shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Lumber Liquidators presently has a consensus rating of “Hold” and an average target price of $11.14.

In related news, insider Michael L. Reeves bought 14,900 shares of the stock in a transaction on Monday, August 19th. The shares were acquired at an average price of $8.32 per share, for a total transaction of $123,968.00. Following the purchase, the insider now owns 44,631 shares of the company’s stock, valued at $371,329.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

Lumber Liquidators Company Profile

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

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