Lumber Liquidators Holdings, Inc (NYSE:LL) has been given a $34.00 price objective by equities research analysts at Piper Jaffray Companies in a report issued on Wednesday, Marketbeat.com reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 10.46% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Morgan Stanley upped their target price on Lumber Liquidators Holdings from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $43.00 target price on shares of Lumber Liquidators Holdings in a report on Wednesday, October 4th. Wedbush restated an “outperform” rating and set a $35.00 target price (up previously from $27.00) on shares of Lumber Liquidators Holdings in a report on Tuesday, August 8th. TheStreet upgraded Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a report on Tuesday, August 1st. Finally, BidaskClub upgraded Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.11.
Lumber Liquidators Holdings (NYSE LL) traded up 2.53% on Wednesday, reaching $31.56. 2,043,992 shares of the company’s stock traded hands. Lumber Liquidators Holdings has a 12 month low of $14.02 and a 12 month high of $41.33. The firm’s market cap is $896.75 million. The firm’s 50-day moving average is $36.27 and its 200 day moving average is $30.58.
Lumber Liquidators Holdings (NYSE:LL) last announced its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The firm had revenue of $263.50 million during the quarter, compared to the consensus estimate of $256.89 million. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. Equities analysts predict that Lumber Liquidators Holdings will post ($0.69) EPS for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Lumber Liquidators Holdings by 7.0% in the second quarter. Vanguard Group Inc. now owns 2,504,255 shares of the specialty retailer’s stock worth $62,756,000 after purchasing an additional 162,866 shares in the last quarter. State Street Corp raised its holdings in Lumber Liquidators Holdings by 5.1% in the second quarter. State Street Corp now owns 631,095 shares of the specialty retailer’s stock worth $15,820,000 after purchasing an additional 30,639 shares in the last quarter. FMR LLC bought a new position in Lumber Liquidators Holdings in the second quarter worth $10,906,000. PDT Partners LLC raised its holdings in Lumber Liquidators Holdings by 431.1% in the second quarter. PDT Partners LLC now owns 412,000 shares of the specialty retailer’s stock worth $10,325,000 after purchasing an additional 334,420 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Lumber Liquidators Holdings by 16.2% in the second quarter. Northern Trust Corp now owns 382,331 shares of the specialty retailer’s stock worth $9,581,000 after purchasing an additional 53,222 shares in the last quarter. Institutional investors and hedge funds own 76.67% of the company’s stock.
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.
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