Lumber Liquidators (LL) Reaches New 12-Month Low at $9.95

Lumber Liquidators Holdings Inc (NYSE:LL)’s share price reached a new 52-week low on Tuesday . The company traded as low as $9.95 and last traded at $11.42, with a volume of 1635399 shares trading hands. The stock had previously closed at $12.33.

LL has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Lumber Liquidators from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. TheStreet upgraded Lumber Liquidators from a “d+” rating to a “c-” rating in a research report on Tuesday, July 3rd. Loop Capital set a $25.00 price target on Lumber Liquidators and gave the company a “buy” rating in a research report on Tuesday, July 31st. ValuEngine lowered Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 31st. Finally, Stifel Nicolaus decreased their price target on Lumber Liquidators from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. Lumber Liquidators presently has a consensus rating of “Hold” and an average price target of $22.64.

The stock has a market capitalization of $361.36 million, a P/E ratio of -8.68, a PEG ratio of 0.96 and a beta of 1.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.73 and a quick ratio of 0.16.



Lumber Liquidators (NYSE:LL) last announced its quarterly earnings data on Tuesday, July 31st. The specialty retailer reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.28). Lumber Liquidators had a positive return on equity of 3.24% and a negative net margin of 1.82%. The business had revenue of $283.50 million for the quarter, compared to analyst estimates of $281.26 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts forecast that Lumber Liquidators Holdings Inc will post 0.48 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Lumber Liquidators by 7.5% during the 2nd quarter. BlackRock Inc. now owns 4,324,346 shares of the specialty retailer’s stock worth $105,298,000 after acquiring an additional 302,251 shares during the period. SG Capital Management LLC acquired a new stake in Lumber Liquidators during the 2nd quarter worth about $22,862,000. Gagnon Securities LLC boosted its position in Lumber Liquidators by 47.5% during the 2nd quarter. Gagnon Securities LLC now owns 582,477 shares of the specialty retailer’s stock worth $14,183,000 after acquiring an additional 187,635 shares during the period. Canada Pension Plan Investment Board boosted its position in Lumber Liquidators by 33.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 502,900 shares of the specialty retailer’s stock worth $12,246,000 after acquiring an additional 127,300 shares during the period. Finally, Millennium Management LLC boosted its position in Lumber Liquidators by 337.8% during the 1st quarter. Millennium Management LLC now owns 491,280 shares of the specialty retailer’s stock worth $11,751,000 after acquiring an additional 379,061 shares during the period. Hedge funds and other institutional investors own 76.22% of the company’s stock.

About Lumber Liquidators (NYSE:LL)

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; 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 and Morning Star Bamboo brands.

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