Lumber Liquidators Holdings Inc. (LL) Shares Up 3.6%
Lumber Liquidators Holdings Inc. (NYSE:LL) shot up 3.6% during mid-day trading on Monday . The stock traded as high as $17.45 and last traded at $17.36, with a volume of 422,669 shares changing hands. The stock had previously closed at $16.75.
Several brokerages have recently issued reports on LL. Vetr upgraded Lumber Liquidators Holdings from a “strong sell” rating to a “sell” rating and set a $11.67 price target for the company in a report on Wednesday, May 11th. Wedbush reiterated a “neutral” rating and set a $13.00 price target on shares of Lumber Liquidators Holdings in a report on Friday, June 17th. Zacks Investment Research upgraded Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. Topeka Capital Markets assumed coverage on Lumber Liquidators Holdings in a report on Monday, May 23rd. They issued a “sell” rating and a $9.00 target price for the company. Finally, Jefferies Group restated a “hold” rating and issued a $11.00 target price on shares of Lumber Liquidators Holdings in a report on Wednesday, March 23rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $24.47.
The stock’s market cap is $469.39 million. The stock’s 50 day moving average price is $14.98 and its 200-day moving average price is $13.58.
Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.96. The company earned $233.50 million during the quarter, compared to analyst estimates of $237.44 million. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.29) EPS. On average, equities analysts predict that Lumber Liquidators Holdings Inc. will post ($1.71) EPS for the current year.
Several hedge funds and institutional investors have recently bought and sold shares of LL. Century Capital Management LLC increased its position in Lumber Liquidators Holdings by 45.1% in the fourth quarter. Century Capital Management LLC now owns 368,407 shares of the company’s stock worth $6,396,000 after buying an additional 114,550 shares during the last quarter. Quantitative Investment Management LLC boosted its position in shares of Lumber Liquidators Holdings by 124.3% in the fourth quarter. Quantitative Investment Management LLC now owns 130,300 shares of the company’s stock valued at $2,262,000 after buying an additional 72,200 shares during the period. Finally, Russell Frank Co boosted its position in shares of Lumber Liquidators Holdings by 44.3% in the fourth quarter. Russell Frank Co now owns 477,895 shares of the company’s stock valued at $8,263,000 after buying an additional 146,604 shares during the period.
Lumber Liquidators Holdings, Inc (Lumber Liquidators) is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers an assortment of exotic and domestic hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer.
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