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.
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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