Lumber Liquidators Holdings Inc (LL) Position Increased by Systematic Financial Management LP
Systematic Financial Management LP increased its holdings in Lumber Liquidators Holdings Inc (NYSE:LL) by 31.6% during the 4th quarter, Holdings Channel reports. The firm owned 14,210 shares of the specialty retailer’s stock after buying an additional 3,410 shares during the period. Systematic Financial Management LP’s holdings in Lumber Liquidators were worth $446,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of LL. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Lumber Liquidators in the fourth quarter worth about $3,146,000. BlackRock Inc. lifted its holdings in Lumber Liquidators by 7.7% in the fourth quarter. BlackRock Inc. now owns 4,087,391 shares of the specialty retailer’s stock worth $128,302,000 after buying an additional 293,626 shares during the period. Rhumbline Advisers lifted its holdings in Lumber Liquidators by 16.8% in the fourth quarter. Rhumbline Advisers now owns 64,058 shares of the specialty retailer’s stock worth $2,011,000 after buying an additional 9,193 shares during the period. Arizona State Retirement System lifted its holdings in Lumber Liquidators by 224.5% in the fourth quarter. Arizona State Retirement System now owns 47,876 shares of the specialty retailer’s stock worth $1,503,000 after buying an additional 33,121 shares during the period. Finally, Pinebridge Investments L.P. lifted its holdings in Lumber Liquidators by 30.8% in the fourth quarter. Pinebridge Investments L.P. now owns 49,363 shares of the specialty retailer’s stock worth $1,550,000 after buying an additional 11,614 shares during the period. 77.62% of the stock is currently owned by institutional investors.
Several analysts have commented on LL shares. Jefferies Group restated a “hold” rating and issued a $24.00 price objective on shares of Lumber Liquidators in a report on Thursday. Morgan Stanley lowered their price objective on shares of Lumber Liquidators from $35.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday. Wedbush lowered shares of Lumber Liquidators from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $39.00 to $28.00 in a report on Monday, February 12th. SunTrust Banks lowered their price objective on shares of Lumber Liquidators to $24.00 and set a “hold” rating for the company in a report on Thursday. Finally, Loop Capital started coverage on shares of Lumber Liquidators in a report on Thursday. They issued a “hold” rating and a $22.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.27.
Lumber Liquidators (NYSE:LL) last released its earnings results on Tuesday, February 27th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Lumber Liquidators had a negative net margin of 3.68% and a positive return on equity of 1.71%. The firm had revenue of $259.86 million during the quarter, compared to analyst estimates of $264.56 million. During the same period last year, the business earned ($0.20) earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. sell-side analysts predict that Lumber Liquidators Holdings Inc will post 0.75 EPS for the current fiscal year.
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Lumber Liquidators 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.
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