Raymond James Financial Services Advisors Inc. bought a new stake in Lumber Liquidators Holdings Inc (NYSE:LL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,476 shares of the specialty retailer’s stock, valued at approximately $206,000.

Several other large investors also recently added to or reduced their stakes in the company. SG Capital Management LLC acquired a new position in Lumber Liquidators during the second quarter worth $22,862,000. Millennium Management LLC grew its holdings in Lumber Liquidators by 337.8% during the first quarter. Millennium Management LLC now owns 491,280 shares of the specialty retailer’s stock worth $11,751,000 after acquiring an additional 379,061 shares during the period. Gagnon Securities LLC grew its holdings in Lumber Liquidators by 14.3% during the first quarter. Gagnon Securities LLC now owns 394,842 shares of the specialty retailer’s stock worth $9,445,000 after acquiring an additional 49,340 shares during the period. Gagnon Advisors LLC grew its holdings in Lumber Liquidators by 32.0% during the first quarter. Gagnon Advisors LLC now owns 227,405 shares of the specialty retailer’s stock worth $5,440,000 after acquiring an additional 55,137 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Lumber Liquidators by 2.4% during the first quarter. Principal Financial Group Inc. now owns 218,371 shares of the specialty retailer’s stock worth $5,223,000 after acquiring an additional 5,217 shares during the period. 79.54% of the stock is currently owned by institutional investors and hedge funds.

Lumber Liquidators stock opened at $16.80 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $505.73 million, a price-to-earnings ratio of -12.64, a PEG ratio of 1.05 and a beta of 1.39. Lumber Liquidators Holdings Inc has a fifty-two week low of $16.78 and a fifty-two week high of $41.33.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Tuesday, July 31st. The specialty retailer reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.28). The firm had revenue of $283.50 million during the quarter, compared to analyst estimates of $281.26 million. Lumber Liquidators had a negative net margin of 1.82% and a positive return on equity of 3.24%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. equities analysts predict that Lumber Liquidators Holdings Inc will post 0.61 EPS for the current year.

A number of brokerages recently weighed in on LL. Longbow Research began coverage on Lumber Liquidators in a report on Friday, August 24th. They set a “neutral” rating on the stock. Zacks Investment Research raised Lumber Liquidators from a “strong sell” rating to a “hold” rating in a report on Saturday, August 4th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $21.00 price objective on shares of Lumber Liquidators in a report on Wednesday, August 1st. Credit Suisse Group dropped their price objective on Lumber Liquidators from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, August 1st. Finally, Morgan Stanley dropped their price objective on 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 investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.00.

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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Institutional Ownership by Quarter for Lumber Liquidators (NYSE:LL)

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