Lumber Liquidators Holdings, Inc (NYSE:LL) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Lumber Liquidators Holdings, Inc (NYSE:LL) released its earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.24, Morningstar.com reports. The company had revenue of $263.50 million during the quarter, compared to the consensus estimate of $256.89 million. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. Lumber Liquidators Holdings’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.45) EPS.

Shares of Lumber Liquidators Holdings (NYSE:LL) opened at 35.62 on Friday. The stock’s market cap is $1.01 billion. Lumber Liquidators Holdings has a 52 week low of $14.02 and a 52 week high of $37.84. The firm has a 50-day moving average price of $27.89 and a 200-day moving average price of $23.14.

LL has been the subject of several research reports. Wedbush raised Lumber Liquidators Holdings from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 10th. ValuEngine raised Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Lumber Liquidators Holdings in a research report on Saturday, May 13th. Jefferies Group LLC boosted their price objective on Lumber Liquidators Holdings from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. Finally, Morgan Stanley boosted their price objective on Lumber Liquidators Holdings from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.78.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors purchased a new stake in Lumber Liquidators Holdings during the second quarter worth approximately $118,000. Mason Street Advisors LLC boosted its stake in Lumber Liquidators Holdings by 11.0% in the first quarter. Mason Street Advisors LLC now owns 6,606 shares of the specialty retailer’s stock worth $139,000 after buying an additional 652 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Lumber Liquidators Holdings by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock worth $140,000 after buying an additional 2,488 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Lumber Liquidators Holdings by 27.8% in the first quarter. BNP Paribas Arbitrage SA now owns 7,697 shares of the specialty retailer’s stock worth $162,000 after buying an additional 1,676 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Lumber Liquidators Holdings by 6.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock worth $167,000 after buying an additional 420 shares in the last quarter. 73.51% of the stock is currently owned by institutional investors.

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About Lumber Liquidators Holdings

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.

Earnings History for Lumber Liquidators Holdings (NYSE:LL)

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