Lumber Liquidators (LL) Lowered to “Market Perform” at Oppenheimer

Oppenheimer cut shares of Lumber Liquidators (NYSE:LL) from an outperform rating to a market perform rating in a report published on Tuesday, MarketBeat.com reports. Oppenheimer also issued estimates for Lumber Liquidators’ Q4 2018 earnings at $0.18 EPS.

A number of other research analysts have also weighed in on LL. Zacks Investment Research lowered shares of Lumber Liquidators from a hold rating to a sell rating in a research note on Wednesday, July 4th. TheStreet upgraded shares of Lumber Liquidators from a d+ rating to a c- rating in a research note on Tuesday, July 3rd. Loop Capital set a $25.00 price objective on shares of Lumber Liquidators and gave the company a buy rating in a research note on Tuesday, July 31st. ValuEngine lowered shares of Lumber Liquidators from a sell rating to a strong sell rating in a research note on Tuesday, July 31st. Finally, Stifel Nicolaus reduced their price objective on shares of Lumber Liquidators from $22.00 to $20.00 and set a hold rating for the company in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $22.64.

Shares of LL stock opened at $11.54 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 1.73 and a debt-to-equity ratio of 0.18. Lumber Liquidators has a 12-month low of $9.95 and a 12-month high of $35.94. The company has a market cap of $361.36 million, a PE ratio of -8.68, a P/E/G ratio of 0.93 and a beta of 1.37.



Lumber Liquidators (NYSE:LL) last issued its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Lumber Liquidators had a negative net margin of 1.82% and a positive return on equity of 3.24%. The company had revenue of $270.47 million during the quarter, compared to analyst estimates of $281.82 million. During the same quarter last year, the business posted $0.12 EPS. Lumber Liquidators’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Lumber Liquidators will post 0.48 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Northern Trust Corp boosted its holdings in Lumber Liquidators by 2.9% in the 2nd quarter. Northern Trust Corp now owns 372,589 shares of the specialty retailer’s stock valued at $9,072,000 after purchasing an additional 10,553 shares during the period. Bank of New York Mellon Corp boosted its holdings in Lumber Liquidators by 12.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 349,119 shares of the specialty retailer’s stock valued at $8,501,000 after purchasing an additional 37,437 shares during the period. Macquarie Group Ltd. bought a new position in Lumber Liquidators in the 2nd quarter valued at $127,000. Cubist Systematic Strategies LLC bought a new position in Lumber Liquidators in the 2nd quarter valued at $220,000. Finally, Bank of America Corp DE boosted its holdings in Lumber Liquidators by 239.5% in the 2nd quarter. Bank of America Corp DE now owns 59,958 shares of the specialty retailer’s stock valued at $1,460,000 after purchasing an additional 42,297 shares during the period. 76.22% of the stock is owned by hedge funds and other institutional investors.

About Lumber Liquidators

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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Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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