Lumber Liquidators Holdings, Inc (NYSE:LL) – Equities research analysts at Wedbush dropped their Q4 2017 EPS estimates for shares of Lumber Liquidators Holdings in a note issued to investors on Wednesday. Wedbush analyst S. Basham now forecasts that the specialty retailer will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.13. Wedbush currently has a “Outperform” rating and a $35.00 target price on the stock. Wedbush also issued estimates for Lumber Liquidators Holdings’ Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.65 EPS and FY2019 earnings at $1.20 EPS.

Lumber Liquidators Holdings (NYSE:LL) last released its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. The firm had revenue of $263.50 million for the quarter, compared to the consensus estimate of $256.89 million. During the same quarter in the prior year, the company posted ($0.45) earnings per share. The business’s revenue was up 10.7% on a year-over-year basis.

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Several other equities analysts have also commented on the company. CIBC raised Lumber Liquidators Holdings from a “market perform” rating to an “outperform” rating in a research report on Friday, May 19th. ValuEngine raised Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC raised their price objective on Lumber Liquidators Holdings from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus reissued a “hold” rating on shares of Lumber Liquidators Holdings in a research report on Tuesday, May 2nd. Finally, Credit Suisse Group lowered their price target on Lumber Liquidators Holdings from $32.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $26.78.

Lumber Liquidators Holdings (NYSE LL) traded up 3.35% during mid-day trading on Thursday, hitting $36.45. 1,668,261 shares of the stock traded hands. The firm’s 50-day moving average is $25.51 and its 200 day moving average is $22.10. Lumber Liquidators Holdings has a 52-week low of $14.02 and a 52-week high of $36.98. The firm’s market cap is $1.04 billion.

Institutional investors have recently modified their holdings of the company. Mason Street Advisors LLC raised its position in shares of Lumber Liquidators Holdings by 11.0% in the first quarter. Mason Street Advisors LLC now owns 6,606 shares of the specialty retailer’s stock worth $139,000 after buying an additional 652 shares during the period. State of Alaska Department of Revenue raised its position in shares of Lumber Liquidators Holdings by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock worth $140,000 after buying an additional 2,488 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Lumber Liquidators Holdings by 27.8% in the first quarter. BNP Paribas Arbitrage SA now owns 7,697 shares of the specialty retailer’s stock worth $162,000 after buying an additional 1,676 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Lumber Liquidators Holdings by 6.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock worth $167,000 after buying an additional 420 shares during the period. Finally, First Mercantile Trust Co. acquired a new position in shares of Lumber Liquidators Holdings during the second quarter worth $183,000. 73.39% of the stock is owned by institutional investors and hedge funds.

About Lumber Liquidators Holdings

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

Earnings History and Estimates for Lumber Liquidators Holdings (NYSE:LL)

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