Wedbush Trims Lumber Liquidators (LL) Target Price to $12.00

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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.

Lumber Liquidators (NYSE:LL) last posted its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Lumber Liquidators had a negative net margin of 1.82% and a positive return on equity of 3.24%. The firm had revenue of $270.47 million during the quarter, compared to the consensus estimate of $281.82 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, analysts forecast that Lumber Liquidators will post 0.48 earnings per share for the current year.

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.

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Analyst Recommendations for Lumber Liquidators (NYSE:LL)

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