Lumber Liquidators (NYSE:LL) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Lumber Liquidators (NYSE:LL) from a hold rating to a strong sell rating in a research note released on Friday morning, Zacks.com reports.

According to Zacks, “Lumber Liquidators, Inc. found its niche market in hardwood flooring. Lumber Liquidators prides itself on having one of the largest inventories of prefinished and unfinished hardwood floors in the industry. There are flooring experts in every store ready to help, and free samples are available. Lumber Liquidators carries solid and engineered hardwood, laminate flooring, bamboo flooring, cork flooring, vinyl flooring, wood-look tile flooring, butcher blocks, mouldings, accessories and tools. It negotiates directly with the mills, eliminating the middleman and passing the savings on to the customers. The environmentally conscientious company only purchases from suppliers who practice sustainable harvesting, which allows forests to heal and re-grow faster. Everything Lumber Liquidators sells (unless specified otherwise) is first-quality, graded to industry specifications, and available in standard flooring lengths. “

LL has been the subject of several other research reports. ValuEngine raised Lumber Liquidators from a sell rating to a hold rating in a report on Wednesday, October 2nd. Raymond James lifted their price objective on Lumber Liquidators from $10.00 to $14.00 and gave the stock an outperform rating in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $11.14.

NYSE:LL opened at $9.18 on Friday. The firm’s 50-day moving average is $9.11 and its 200-day moving average is $9.77. The company has a market cap of $263.56 million, a price-to-earnings ratio of 16.11, a PEG ratio of 1.45 and a beta of 1.91. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.19 and a current ratio of 1.48. Lumber Liquidators has a 52-week low of $6.59 and a 52-week high of $14.44.

Lumber Liquidators (NYSE:LL) last released its earnings results on Wednesday, November 6th. The specialty retailer reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.12). Lumber Liquidators had a negative net margin of 5.85% and a positive return on equity of 2.90%. The company had revenue of $263.96 million during the quarter, compared to the consensus estimate of $276.01 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts predict that Lumber Liquidators will post 0.23 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of Lumber Liquidators in the 2nd quarter worth approximately $1,910,000. KBC Group NV grew its position in Lumber Liquidators by 9.8% in the second quarter. KBC Group NV now owns 50,613 shares of the specialty retailer’s stock valued at $585,000 after acquiring an additional 4,535 shares during the period. Rhumbline Advisers grew its position in Lumber Liquidators by 5.2% in the third quarter. Rhumbline Advisers now owns 90,215 shares of the specialty retailer’s stock valued at $890,000 after acquiring an additional 4,456 shares during the period. Nuveen Asset Management LLC acquired a new position in Lumber Liquidators during the second quarter worth $1,931,000. Finally, Advisory Services Network LLC acquired a new position in Lumber Liquidators during the second quarter worth $82,000. Institutional investors own 74.85% of the company’s stock.

About Lumber Liquidators

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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