Lumber Liquidators (LL) Coverage Initiated by Analysts at Moffett Nathanson

Moffett Nathanson initiated coverage on shares of Lumber Liquidators (NYSE:LL) in a note issued to investors on Monday, December 4th, Marketbeat Ratings reports. The firm set a “buy” rating on the specialty retailer’s stock.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Lumber Liquidators from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Oppenheimer set a $43.00 target price on shares of Lumber Liquidators and gave the stock a “buy” rating in a research report on Tuesday, October 31st. TheStreet downgraded shares of Lumber Liquidators from a “c” rating to a “d+” rating in a research report on Thursday, November 2nd. Wedbush set a $39.00 target price on shares of Lumber Liquidators and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Lumber Liquidators in a report on Friday, September 8th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Lumber Liquidators presently has a consensus rating of “Hold” and a consensus target price of $30.78.

Lumber Liquidators (NYSE:LL) remained flat at $$31.39 during mid-day trading on Monday. The stock had a trading volume of 628,270 shares, compared to its average volume of 703,891. The stock has a market capitalization of $894.15, a P/E ratio of -19.26 and a beta of 2.06. Lumber Liquidators has a twelve month low of $14.99 and a twelve month high of $41.33. The company has a current ratio of 1.84, a quick ratio of 0.21 and a debt-to-equity ratio of 0.17.

A number of hedge funds and other institutional investors have recently made changes to their positions in LL. Captrust Financial Advisors purchased a new stake in Lumber Liquidators during the second quarter worth $118,000. State of Alaska Department of Revenue boosted its holdings in Lumber Liquidators by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock worth $140,000 after buying an additional 2,488 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Lumber Liquidators during the third quarter worth $161,000. Municipal Employees Retirement System of Michigan boosted its holdings in Lumber Liquidators by 6.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock worth $167,000 after buying an additional 420 shares in the last quarter. Finally, First Mercantile Trust Co. acquired a new position in Lumber Liquidators during the second quarter worth $183,000. 78.86% of the stock is currently owned by hedge funds and other institutional investors.

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About Lumber Liquidators

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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