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.
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.
Read More: What does a bar chart display?
Receive News & Ratings for Lumber Liquidators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumber Liquidators and related companies with MarketBeat.com's FREE daily email newsletter.