Lumber Liquidators (NYSE:LL) Trading Down 5.3%

Lumber Liquidators Holdings Inc (NYSE:LL) was down 5.3% on Wednesday . The company traded as low as $9.01 and last traded at $9.02, approximately 1,017,001 shares were traded during mid-day trading. A decline of 27% from the average daily volume of 1,398,004 shares. The stock had previously closed at $9.52.

A number of equities analysts have weighed in on LL shares. Evercore ISI restated a “hold” rating on shares of Lumber Liquidators in a report on Wednesday, August 7th. Zacks Investment Research cut Lumber Liquidators from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. ValuEngine upgraded Lumber Liquidators from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Raymond James upped their price target on Lumber Liquidators from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Lumber Liquidators currently has an average rating of “Hold” and an average target price of $11.78.

The company has a market capitalization of $264.04 million, a PE ratio of 16.05, a PEG ratio of 0.85 and a beta of 1.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.22 and a current ratio of 1.47. The company has a 50 day moving average price of $9.48 and a 200 day moving average price of $10.48.

Lumber Liquidators (NYSE:LL) last released its earnings results on Wednesday, August 7th. The specialty retailer reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The business had revenue of $288.57 million for the quarter, compared to analysts’ expectations of $291.81 million. Lumber Liquidators had a negative net margin of 5.37% and a positive return on equity of 6.17%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. On average, equities analysts forecast that Lumber Liquidators Holdings Inc will post 0.37 earnings per share for the current fiscal year.

In related news, CEO Dennis R. Knowles bought 14,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $8.04 per share, with a total value of $112,560.00. Following the completion of the transaction, the chief executive officer now directly owns 102,241 shares of the company’s stock, valued at $822,017.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael L. Reeves bought 14,900 shares of the company’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $8.32 per share, for a total transaction of $123,968.00. Following the completion of the transaction, the insider now directly owns 44,631 shares of the company’s stock, valued at $371,329.92. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank grew its holdings in Lumber Liquidators by 2.9% during the first quarter. Comerica Bank now owns 28,523 shares of the specialty retailer’s stock worth $307,000 after acquiring an additional 803 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Lumber Liquidators by 5.1% during the second quarter. Crossmark Global Holdings Inc. now owns 20,860 shares of the specialty retailer’s stock worth $241,000 after acquiring an additional 1,010 shares during the period. Point72 Hong Kong Ltd acquired a new position in Lumber Liquidators during the second quarter worth about $29,000. Charles Schwab Investment Management Inc. grew its holdings in Lumber Liquidators by 2.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 164,102 shares of the specialty retailer’s stock worth $1,896,000 after acquiring an additional 4,320 shares during the period. Finally, KBC Group NV grew its holdings in Lumber Liquidators by 9.8% during the second quarter. KBC Group NV now owns 50,613 shares of the specialty retailer’s stock worth $585,000 after acquiring an additional 4,535 shares during the period. 83.36% of the stock is currently owned by institutional investors.

About Lumber Liquidators (NYSE:LL)

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; 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 brand.

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