Victory Capital Management Inc. Sells 6,734 Shares of Lumber Liquidators Holdings, Inc. (NYSE:LL)

Victory Capital Management Inc. trimmed its holdings in Lumber Liquidators Holdings, Inc. (NYSE:LL) by 39.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,347 shares of the specialty retailer’s stock after selling 6,734 shares during the quarter. Victory Capital Management Inc.’s holdings in Lumber Liquidators were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LL. AQR Capital Management LLC boosted its position in shares of Lumber Liquidators by 98.1% during the 1st quarter. AQR Capital Management LLC now owns 135,348 shares of the specialty retailer’s stock valued at $3,400,000 after acquiring an additional 67,039 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Lumber Liquidators by 2.6% in the second quarter. State of Alaska Department of Revenue now owns 20,091 shares of the specialty retailer’s stock worth $423,000 after buying an additional 518 shares during the last quarter. PDT Partners LLC lifted its position in Lumber Liquidators by 34.7% in the first quarter. PDT Partners LLC now owns 101,509 shares of the specialty retailer’s stock worth $2,550,000 after buying an additional 26,161 shares during the last quarter. Blair William & Co. IL lifted its position in Lumber Liquidators by 3.8% in the first quarter. Blair William & Co. IL now owns 49,665 shares of the specialty retailer’s stock worth $1,248,000 after buying an additional 1,825 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Lumber Liquidators by 39.1% in the first quarter. JPMorgan Chase & Co. now owns 181,940 shares of the specialty retailer’s stock worth $4,570,000 after buying an additional 51,159 shares during the last quarter. Institutional investors and hedge funds own 76.82% of the company’s stock.

Shares of Lumber Liquidators stock opened at $19.60 on Tuesday. The firm has a market cap of $570.01 million, a P/E ratio of 8.34 and a beta of 2.52. Lumber Liquidators Holdings, Inc. has a 12 month low of $17.45 and a 12 month high of $35.10. The stock’s fifty day moving average price is $19.73 and its 200-day moving average price is $22.26.

Lumber Liquidators (NYSE:LL) last announced its quarterly earnings results on Wednesday, August 4th. The specialty retailer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.31 by $0.10. The firm had revenue of $301.38 million for the quarter, compared to analyst estimates of $298.40 million. Lumber Liquidators had a return on equity of 32.22% and a net margin of 5.84%. The business’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. As a group, research analysts forecast that Lumber Liquidators Holdings, Inc. will post 1.25 earnings per share for the current year.

A number of analysts recently issued reports on LL shares. Zacks Investment Research downgraded Lumber Liquidators from a “hold” rating to a “sell” rating in a research report on Saturday, July 31st. Loop Capital lowered their price target on Lumber Liquidators from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, June 18th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.80.

In other news, Director Joseph M. Nowicki bought 5,033 shares of the firm’s stock in a transaction that occurred on Monday, August 9th. The stock was purchased at an average price of $19.85 per share, with a total value of $99,905.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles E. Tyson purchased 2,500 shares of Lumber Liquidators stock in a transaction that occurred on Friday, August 6th. The shares were bought at an average price of $20.00 per share, with a total value of $50,000.00. Following the completion of the transaction, the chief executive officer now owns 67,004 shares of the company’s stock, valued at approximately $1,340,080. The disclosure for this purchase can be found here. Company insiders own 2.87% of the company’s stock.

Lumber Liquidators Company Profile

Lumber Liquidators Holdings, Inc operates as a multi channel specialty retailer of hardwood flooring and hardwood flooring enhancements and accessories in the United States. The firm offers exotic and domestic hardwood species, engineered hardwood, laminate, vinyl plank, bamboo and cork direct to the consumer.

Recommended Story: Strangles

Want to see what other hedge funds are holding LL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lumber Liquidators Holdings, Inc. (NYSE:LL).

Institutional Ownership by Quarter for Lumber Liquidators (NYSE:LL)

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.