Loop Capital Cuts LL Flooring (NYSE:LL) Price Target to $1.00

LL Flooring (NYSE:LL) had its price objective cut by analysts at Loop Capital from $2.00 to $1.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price objective would suggest a potential downside of 24.81% from the stock’s current price.

Separately, StockNews.com assumed coverage on LL Flooring in a report on Tuesday, June 11th. They set a “sell” rating on the stock.

LL Flooring Stock Down 7.0 %

Shares of NYSE:LL opened at $1.33 on Monday. The company has a quick ratio of 0.13, a current ratio of 1.55 and a debt-to-equity ratio of 0.69. LL Flooring has a fifty-two week low of $1.23 and a fifty-two week high of $4.85. The company has a market cap of $40.67 million, a price-to-earnings ratio of -0.32 and a beta of 1.73. The firm’s 50-day simple moving average is $1.56 and its 200-day simple moving average is $2.14.

LL Flooring (NYSE:LL) last released its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported ($1.04) EPS for the quarter. The business had revenue of $188.49 million during the quarter. LL Flooring had a negative return on equity of 64.43% and a negative net margin of 14.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LL. Gladius Capital Management LP bought a new stake in LL Flooring in the 3rd quarter valued at $29,000. State Board of Administration of Florida Retirement System acquired a new stake in LL Flooring during the 1st quarter valued at $29,000. Jump Financial LLC raised its holdings in shares of LL Flooring by 36.0% in the fourth quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 7,228 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in shares of LL Flooring in the fourth quarter worth about $266,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in LL Flooring in the 4th quarter valued at $441,000. Hedge funds and other institutional investors own 54.33% of the company’s stock.

LL Flooring Company Profile

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard and soft surface flooring, and hard and soft surface flooring enhancements and accessories. The company offers hard and soft surface flooring including, waterproof hybrid resilient, waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools, as well as Duravana, a hybrid resilient flooring under the Bellawood, Coreluxe, ReNature by Coreluxe, and Duravana brand names.