Brokers Issue Forecasts for Lumber Liquidators Holdings, Inc’s Q1 2018 Earnings (LL)

Lumber Liquidators Holdings, Inc (NYSE:LL) – Analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Lumber Liquidators Holdings in a research note issued on Tuesday. Jefferies Group analyst D. Binder anticipates that the specialty retailer will earn $0.11 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $33.00 target price on the stock. Jefferies Group also issued estimates for Lumber Liquidators Holdings’ Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.19 EPS.

Lumber Liquidators Holdings (NYSE:LL) last announced its earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping the 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 company had revenue of $263.50 million during the quarter, compared to analysts’ expectations of $256.89 million. During the same period last year, the company posted ($0.45) earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis.

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LL has been the subject of a number of other reports. Piper Jaffray Companies reissued a “hold” rating and set a $32.00 target price on shares of Lumber Liquidators Holdings in a research note on Friday, September 8th. Morgan Stanley increased their target price on Lumber Liquidators Holdings from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $43.00 target price on shares of Lumber Liquidators Holdings in a research note on Wednesday, October 4th. Wedbush reissued an “outperform” rating and set a $35.00 target price (up from $27.00) on shares of Lumber Liquidators Holdings in a research note on Tuesday, August 8th. Finally, TheStreet raised Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $30.11.

Shares of Lumber Liquidators Holdings (NYSE:LL) traded up 2.518% on Wednesday, hitting $31.555. 2,040,832 shares of the company’s stock traded hands. The company’s market cap is $896.60 million. The firm’s 50-day moving average price is $36.27 and its 200 day moving average price is $30.58. Lumber Liquidators Holdings has a 1-year low of $14.02 and a 1-year high of $41.33.

A number of large investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System boosted its position in Lumber Liquidators Holdings by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the specialty retailer’s stock worth $291,000 after acquiring an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its position in Lumber Liquidators Holdings by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 20,723 shares of the specialty retailer’s stock worth $519,000 after acquiring an additional 270 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Lumber Liquidators Holdings by 0.5% during the 1st quarter. JPMorgan Chase & Co. now owns 65,483 shares of the specialty retailer’s stock worth $1,374,000 after acquiring an additional 336 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Lumber Liquidators Holdings by 6.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock worth $167,000 after acquiring an additional 420 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Lumber Liquidators Holdings by 3.9% during the 2nd quarter. Nationwide Fund Advisors now owns 15,708 shares of the specialty retailer’s stock worth $394,000 after acquiring an additional 590 shares during the last quarter. 76.67% of the stock is 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.

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

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