Lumber Liquidators Holdings, Inc (NYSE:LL) shares gapped down before the market opened on Wednesday . The stock had previously closed at $28.29, but opened at $30.78. Lumber Liquidators Holdings shares last traded at $31.22, with a volume of 1,858,520 shares traded.
A number of research analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. set a $43.00 price objective on shares of Lumber Liquidators Holdings and gave the stock a “buy” rating in a research note on Tuesday. Piper Jaffray Companies set a $34.00 price objective on shares of Lumber Liquidators Holdings and gave the stock a “neutral” rating in a research note on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of Lumber Liquidators Holdings in a research note on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 target price (up from $19.00) on shares of Lumber Liquidators Holdings in a research note on Wednesday, August 2nd. Finally, Wedbush lifted their target price on shares of Lumber Liquidators Holdings from $27.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Nine equities 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 a consensus rating of “Hold” and a consensus target price of $30.11.
Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. The business had revenue of $263.50 million during the quarter, compared to the consensus estimate of $256.89 million. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. Lumber Liquidators Holdings’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.45) EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors bought a new stake in shares of Lumber Liquidators Holdings during the 2nd quarter worth $118,000. Crossmark Global Holdings Inc. bought a new stake in shares of Lumber Liquidators Holdings during the 3rd quarter worth $218,000. State of Alaska Department of Revenue boosted its holdings in shares of Lumber Liquidators Holdings by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock worth $140,000 after buying an additional 2,488 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of 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 buying an additional 420 shares during the period. Finally, First Mercantile Trust Co. bought a new stake in shares of Lumber Liquidators Holdings during the 2nd quarter worth $183,000. 76.67% of the stock is owned by institutional investors and hedge funds.
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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.
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