Lumber Liquidators Holdings, Inc (NYSE:LL)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a report issued on Tuesday. They presently have a $35.00 price objective on the specialty retailer’s stock, up from their prior price objective of $27.00. Wedbush’s price target suggests a potential downside of 2.75% from the company’s previous close.

LL has been the topic of several other research reports. Oppenheimer Holdings, Inc. raised shares of Lumber Liquidators Holdings from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Friday, May 19th. Zacks Investment Research raised shares of Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, July 5th. BidaskClub cut Lumber Liquidators Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. TheStreet raised Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $32.00 target price on Lumber Liquidators Holdings and gave the company a “hold” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.78.

Shares of Lumber Liquidators Holdings (NYSE LL) traded down 3.07% on Tuesday, reaching $35.99. The company had a trading volume of 1,667,119 shares. The stock has a 50-day moving average price of $26.40 and a 200-day moving average price of $22.40. The stock’s market cap is $1.02 billion. Lumber Liquidators Holdings has a 12 month low of $14.02 and a 12 month high of $37.84.

Lumber Liquidators Holdings (NYSE:LL) last released its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.24. The firm had revenue of $263.50 million for the quarter, compared to analysts’ expectations of $256.89 million. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.45) earnings per share. Analysts predict that Lumber Liquidators Holdings will post ($0.76) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in LL. Principal Financial Group Inc. boosted its position in shares of Lumber Liquidators Holdings by 0.5% in the second quarter. Principal Financial Group Inc. now owns 215,892 shares of the specialty retailer’s stock worth $5,410,000 after buying an additional 1,179 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Lumber Liquidators Holdings by 20.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,071 shares of the specialty retailer’s stock worth $353,000 after buying an additional 2,417 shares during the period. Columbus Circle Investors bought a new position in shares of Lumber Liquidators Holdings during the second quarter worth about $3,562,000. BNP Paribas Arbitrage SA boosted its position in shares of Lumber Liquidators Holdings by 13.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,732 shares of the specialty retailer’s stock worth $219,000 after buying an additional 1,035 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Lumber Liquidators Holdings by 17.6% in the second quarter. Legal & General Group Plc now owns 56,300 shares of the specialty retailer’s stock worth $1,408,000 after buying an additional 8,429 shares during the period. 73.51% of the stock is currently owned by hedge funds and other institutional investors.

Lumber Liquidators Holdings Company Profile

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.

Analyst Recommendations for Lumber Liquidators Holdings (NYSE:LL)

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