Lumber Liquidators (LL) Coverage Initiated at Citigroup

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Citigroup initiated coverage on shares of Lumber Liquidators (NYSE:LL) in a research report report published on Wednesday, MarketBeat.com reports. The firm issued a neutral rating and a $15.00 price target on the specialty retailer’s stock.

LL has been the topic of several other reports. Zacks Investment Research upgraded shares of Lumber Liquidators from a strong sell rating to a hold rating in a report on Saturday, August 4th. TheStreet upgraded shares of Lumber Liquidators from a d+ rating to a c- rating in a report on Tuesday, July 3rd. Morgan Stanley dropped their target price on shares of Lumber Liquidators from $23.00 to $21.00 and set an equal weight rating on the stock in a report on Wednesday, August 1st. Longbow Research started coverage on shares of Lumber Liquidators in a report on Friday, August 24th. They set a neutral rating on the stock. Finally, Credit Suisse Group dropped their target price on shares of Lumber Liquidators from $20.00 to $17.00 and set a neutral rating on the stock in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $22.73.

Lumber Liquidators stock traded down $0.49 during midday trading on Wednesday, hitting $13.22. 1,326,015 shares of the company’s stock were exchanged, compared to its average volume of 1,045,455. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.73 and a quick ratio of 0.16. Lumber Liquidators has a 12 month low of $13.00 and a 12 month high of $36.85. The stock has a market cap of $442.84 million, a price-to-earnings ratio of -9.94, a PEG ratio of 1.17 and a beta of 1.38.

Lumber Liquidators (NYSE:LL) last issued its earnings results on Tuesday, July 31st. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.28). Lumber Liquidators had a positive return on equity of 3.24% and a negative net margin of 1.82%. The business had revenue of $283.50 million for the quarter, compared to the consensus estimate of $281.26 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect that Lumber Liquidators will post 0.48 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new stake in shares of Lumber Liquidators during the second quarter valued at about $127,000. First Mercantile Trust Co. purchased a new stake in shares of Lumber Liquidators during the second quarter valued at about $127,000. NumerixS Investment Technologies Inc lifted its position in shares of Lumber Liquidators by 530.0% during the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock valued at $156,000 after buying an additional 5,300 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Lumber Liquidators during the second quarter valued at about $162,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Lumber Liquidators during the second quarter valued at about $177,000. 79.63% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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