StockNews.com Begins Coverage on LL Flooring (NYSE:LL)

StockNews.com assumed coverage on shares of LL Flooring (NYSE:LL) in a research note published on Wednesday morning. The firm issued a sell rating on the specialty retailer’s stock.

LL Flooring Stock Performance

NYSE:LL opened at $1.50 on Wednesday. LL Flooring has a 12-month low of $1.46 and a 12-month high of $5.52. The stock’s 50 day moving average price is $1.83 and its two-hundred day moving average price is $2.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.12 and a current ratio of 1.54.

LL Flooring (NYSE:LL) last posted its earnings results on Friday, March 1st. The specialty retailer reported ($0.64) EPS for the quarter. LL Flooring had a negative net margin of 11.44% and a negative return on equity of 44.10%. The firm had revenue of $211.78 million during the quarter.

Hedge Funds Weigh In On LL Flooring

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sierra Summit Advisors LLC acquired a new stake in LL Flooring during the fourth quarter worth approximately $266,000. Dynamic Technology Lab Private Ltd acquired a new stake in LL Flooring during the fourth quarter worth approximately $441,000. Jump Financial LLC grew its position in LL Flooring by 36.0% during the fourth quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock worth $107,000 after buying an additional 7,228 shares in the last quarter. Values First Advisors Inc. grew its position in LL Flooring by 27.2% during the fourth quarter. Values First Advisors Inc. now owns 154,754 shares of the specialty retailer’s stock worth $604,000 after buying an additional 33,117 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in LL Flooring during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 54.33% of the company’s stock.

About LL Flooring

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard and soft surface flooring, and hard and soft surface flooring enhancements and accessories. The company offers hard and soft surface flooring including, waterproof hybrid resilient, waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools, as well as Duravana, a hybrid resilient flooring under the Bellawood, Coreluxe, ReNature by Coreluxe, and Duravana brand names.