Lumber Liquidators (NYSE:LL) had its price objective cut by equities researchers at Wedbush from $22.00 to $12.00 in a research note issued on Wednesday. The firm currently has a “neutral” rating on the specialty retailer’s stock. Wedbush’s price target points to a potential upside of 3.54% from the company’s current price.
Several other research firms also recently weighed in on LL. TheStreet raised shares of Lumber Liquidators from a “d+” rating to a “c-” rating in a research note on Tuesday, July 3rd. Zacks Investment Research downgraded shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Loop Capital set a $25.00 price target on shares of Lumber Liquidators and gave the company a “buy” rating in a research note on Tuesday, July 31st. Stifel Nicolaus decreased their price target on shares of Lumber Liquidators from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 1st. Finally, Morgan Stanley cut their price objective 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. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.64.
Shares of Lumber Liquidators stock traded up $0.05 on Wednesday, hitting $11.59. 22,168 shares of the company traded hands, compared to its average volume of 1,094,129. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 1.73. Lumber Liquidators has a 52 week low of $9.95 and a 52 week high of $35.94. The company has a market capitalization of $361.36 million, a PE ratio of -8.66, a P/E/G ratio of 0.93 and a beta of 1.37.
A number of hedge funds have recently modified their holdings of LL. First Mercantile Trust Co. purchased a new stake in shares of Lumber Liquidators during the second quarter valued at $127,000. Macquarie Group Ltd. purchased a new stake in shares of Lumber Liquidators during the second quarter valued at $127,000. NumerixS Investment Technologies Inc grew its holdings 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 $162,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Lumber Liquidators during the second quarter valued at $177,000. 76.22% of the stock is currently owned by institutional investors.
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.
Read More: Balance Sheet
Receive News & Ratings for Lumber Liquidators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumber Liquidators and related companies with MarketBeat.com's FREE daily email newsletter.