Wedbush Comments on Lumber Liquidators Holdings Inc’s Q4 2019 Earnings (NYSE:LL)

Lumber Liquidators Holdings Inc (NYSE:LL) – Analysts at Wedbush upped their Q4 2019 earnings per share (EPS) estimates for Lumber Liquidators in a research report issued on Thursday, November 7th. Wedbush analyst S. Basham now forecasts that the specialty retailer will earn $0.15 per share for the quarter, up from their previous estimate of $0.13. Wedbush also issued estimates for Lumber Liquidators’ Q3 2020 earnings at $0.17 EPS and FY2021 earnings at $0.53 EPS.

Lumber Liquidators (NYSE:LL) last issued 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). Lumber Liquidators had a positive return on equity of 6.17% and a negative net margin of 5.37%. The business had revenue of $263.96 million for the quarter, compared to the consensus estimate of $276.01 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis.

Several other analysts have also commented on the stock. ValuEngine raised shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a research report on Thursday. Evercore ISI reissued a “hold” rating on shares of Lumber Liquidators in a research report on Wednesday, August 7th. Finally, Raymond James increased 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. One investment 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.14.

LL stock opened at $9.15 on Friday. The firm has a market cap of $265.19 million, a price-to-earnings ratio of 16.05, a PEG ratio of 0.84 and a beta of 1.98. The firm has a 50-day simple moving average of $9.42 and a two-hundred day simple moving average of $10.26. Lumber Liquidators has a one year low of $6.59 and a one year high of $14.44. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.22 and a current ratio of 1.47.

Several hedge funds have recently added to or reduced their stakes in LL. AE Wealth Management LLC raised its position in shares of Lumber Liquidators by 57.4% in the 3rd quarter. AE Wealth Management LLC now owns 65,520 shares of the specialty retailer’s stock valued at $647,000 after purchasing an additional 23,893 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Lumber Liquidators by 15,220.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 15,320 shares of the specialty retailer’s stock valued at $151,000 after purchasing an additional 15,220 shares during the last quarter. Thompson Investment Management Inc. raised its position in shares of Lumber Liquidators by 19.0% in the 3rd quarter. Thompson Investment Management Inc. now owns 504,326 shares of the specialty retailer’s stock valued at $4,978,000 after purchasing an additional 80,415 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Lumber Liquidators by 11.9% in the 3rd quarter. California Public Employees Retirement System now owns 46,200 shares of the specialty retailer’s stock valued at $456,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in shares of Lumber Liquidators in the 3rd quarter valued at approximately $128,000. 83.31% of the stock is owned by institutional investors and hedge funds.

In other news, insider Michael L. Reeves purchased 14,900 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $8.32 per share, with a total value of $123,968.00. Following the completion of the transaction, the insider now owns 44,631 shares in the company, valued at approximately $371,329.92. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

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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Earnings History and Estimates for Lumber Liquidators (NYSE:LL)

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