Lumber Liquidators Holdings, Inc (LL) Rating Reiterated by Piper Jaffray Companies

Lumber Liquidators Holdings, Inc (NYSE:LL)‘s stock had its “hold” rating restated by stock analysts at Piper Jaffray Companies in a note issued to investors on Friday. They currently have a $32.00 price target on the specialty retailer’s stock. Piper Jaffray Companies’ target price would suggest a potential downside of 19.38% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, July 5th. Oppenheimer Holdings, Inc. set a $34.00 price objective on Lumber Liquidators Holdings and gave the company a “buy” rating in a research report on Tuesday, August 1st. TheStreet raised Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Stifel Nicolaus upped their price objective on Lumber Liquidators Holdings from $20.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine raised Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Lumber Liquidators Holdings currently has an average rating of “Hold” and an average price target of $27.78.

Shares of Lumber Liquidators Holdings (NYSE LL) opened at 39.69 on Friday. Lumber Liquidators Holdings has a 52 week low of $14.02 and a 52 week high of $40.24. The stock’s market capitalization is $1.13 billion. The stock has a 50 day moving average price of $33.91 and a 200 day moving average price of $25.93.

Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The firm had revenue of $263.50 million for the quarter, compared to analysts’ expectations of $256.89 million. During the same period in the previous year, the firm posted ($0.45) EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that Lumber Liquidators Holdings will post ($0.69) EPS for the current year.

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Several large investors have recently bought and sold shares of LL. Louisiana State Employees Retirement System increased its stake in shares of Lumber Liquidators Holdings by 4.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the specialty retailer’s stock worth $241,000 after purchasing an additional 500 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Lumber Liquidators Holdings by 0.6% in the 1st quarter. Russell Investments Group Ltd. now owns 488,482 shares of the specialty retailer’s stock worth $10,252,000 after buying an additional 2,876 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Lumber Liquidators Holdings by 7.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 38,698 shares of the specialty retailer’s stock worth $812,000 after buying an additional 2,730 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Lumber Liquidators Holdings by 9.3% in the 1st quarter. Bank of New York Mellon Corp now owns 305,991 shares of the specialty retailer’s stock worth $6,423,000 after buying an additional 26,030 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Lumber Liquidators Holdings by 27.8% in the 1st 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. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Lumber Liquidators Holdings Company Profile

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.

Analyst Recommendations for Lumber Liquidators Holdings (NYSE:LL)

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