ValuEngine Upgrades Lumber Liquidators (NYSE:LL) to Hold

Lumber Liquidators (NYSE:LL) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, ValuEngine reports.

Other equities analysts have also recently issued reports about the company. Loop Capital lifted their price target on Lumber Liquidators from $18.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Stifel Nicolaus lifted their price target on Lumber Liquidators from $5.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Zacks Investment Research raised Lumber Liquidators from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, August 11th. Wedbush lifted their price target on Lumber Liquidators from $11.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Piper Sandler lifted their price target on Lumber Liquidators from $11.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.17.

Shares of Lumber Liquidators stock opened at $22.36 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $645.15 million, a PE ratio of 19.96, a price-to-earnings-growth ratio of 0.75 and a beta of 2.53. The business’s 50-day moving average price is $23.37 and its 200-day moving average price is $13.03. Lumber Liquidators has a 12 month low of $3.77 and a 12 month high of $29.59.

Lumber Liquidators (NYSE:LL) last announced its quarterly earnings data on Wednesday, August 5th. The specialty retailer reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.30. The firm had revenue of $230.28 million for the quarter, compared to analyst estimates of $220.63 million. Lumber Liquidators had a return on equity of 20.94% and a net margin of 3.12%. The company’s revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 EPS. As a group, analysts predict that Lumber Liquidators will post 1.08 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. American International Group Inc. increased its stake in shares of Lumber Liquidators by 3.0% during the second quarter. American International Group Inc. now owns 20,225 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 589 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Lumber Liquidators by 22.7% during the first quarter. BNP Paribas Arbitrage SA now owns 9,046 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 1,673 shares in the last quarter. Comerica Bank boosted its position in shares of Lumber Liquidators by 7.8% during the second quarter. Comerica Bank now owns 30,038 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 2,165 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Lumber Liquidators by 274.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,271 shares of the specialty retailer’s stock valued at $59,000 after purchasing an additional 3,130 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Lumber Liquidators by 201.0% during the first quarter. Tower Research Capital LLC TRC now owns 6,102 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 4,075 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Lumber Liquidators Company Profile

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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Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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