Lumber Liquidators Holdings Inc (NYSE:LL) – Analysts at Piper Jaffray Companies cut their FY2018 earnings per share estimates for shares of Lumber Liquidators in a research note issued on Tuesday, October 30th, according to Zacks Investment Research. Piper Jaffray Companies analyst P. Keith now anticipates that the specialty retailer will earn $0.60 per share for the year, down from their previous estimate of $0.73. Piper Jaffray Companies currently has a “Hold” rating and a $21.00 target price on the stock.
Lumber Liquidators (NYSE:LL) last announced its earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $270.47 million for the quarter, compared to analyst estimates of $281.82 million. Lumber Liquidators had a return on equity of 6.14% and a net margin of 0.51%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS.
Several other equities analysts have also commented on the company. ValuEngine upgraded Lumber Liquidators from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th. SunTrust Banks reduced their price objective on Lumber Liquidators to $13.00 and set a “hold” rating on the stock in a research report on Thursday, November 1st. Zacks Investment Research upgraded Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Credit Suisse Group reduced their price objective on Lumber Liquidators from $17.00 to $13.00 and set a “hold” rating on the stock in a research report on Wednesday, October 31st. Finally, Morgan Stanley set a $10.00 price objective on Lumber Liquidators and gave the company a “hold” rating in a research report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.40.
Shares of Lumber Liquidators stock traded up $0.36 during trading on Wednesday, hitting $12.46. 659,610 shares of the stock traded hands, compared to its average volume of 1,453,557. The company has a current ratio of 1.89, a quick ratio of 0.18 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $346.31 million, a PE ratio of -9.37, a price-to-earnings-growth ratio of 0.97 and a beta of 1.50. Lumber Liquidators has a 52 week low of $9.95 and a 52 week high of $32.63.
A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley boosted its holdings in Lumber Liquidators by 75.7% during the 3rd quarter. Morgan Stanley now owns 256,357 shares of the specialty retailer’s stock valued at $3,972,000 after acquiring an additional 110,434 shares during the period. Legal & General Group Plc boosted its holdings in Lumber Liquidators by 8.7% during the 3rd quarter. Legal & General Group Plc now owns 65,521 shares of the specialty retailer’s stock valued at $1,020,000 after acquiring an additional 5,236 shares during the period. Teachers Advisors LLC boosted its holdings in Lumber Liquidators by 9.9% during the 3rd quarter. Teachers Advisors LLC now owns 445,590 shares of the specialty retailer’s stock valued at $6,902,000 after acquiring an additional 40,121 shares during the period. Summit Global Investments boosted its holdings in Lumber Liquidators by 21.6% during the 3rd quarter. Summit Global Investments now owns 33,800 shares of the specialty retailer’s stock valued at $524,000 after acquiring an additional 6,000 shares during the period. Finally, MetLife Investment Advisors LLC boosted its holdings in Lumber Liquidators by 54.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 21,335 shares of the specialty retailer’s stock valued at $330,000 after acquiring an additional 7,479 shares during the period. Institutional investors own 78.29% of the company’s stock.
Lumber Liquidators Company Profile
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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