Zacks Investment Research Downgrades Lumber Liquidators Holdings, Inc (LL) to Hold

Lumber Liquidators Holdings, Inc (NYSE:LL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Lumber Liquidators, Inc. is a specialty retailer of hardwood flooring. The Company offers a selection of hardwood flooring products under multiple brands. Lumber Liquidators sells its products through more than 110 Lumber Liquidators stores across the U.S., a call center, its Website and catalog. The Company offers hardwood flooring products from more than twenty five domestic and exotic wood species in both prefinished and unfinished brands of various widths and lengths. Lumber Liquidators also offers an assortment of flooring enhancements and installation accessories including moldings, noise-reducing underlays and adhesives. The Company’s product offering is substantially comprised of its own brands, including its Bellawood brand, as well as its Builder’s Pride, Virginia Mill Works, Schon, Morning Star Bamboo and Dream Home brands. “

A number of other equities analysts have also weighed in on LL. Stifel Nicolaus restated a “hold” rating and set a $33.00 price target on shares of Lumber Liquidators Holdings in a research report on Wednesday. Piper Jaffray Companies set a $34.00 price target on shares of Lumber Liquidators Holdings and gave the stock a “neutral” rating in a research report on Wednesday. Oppenheimer Holdings, Inc. set a $43.00 price target on shares of Lumber Liquidators Holdings and gave the stock a “buy” rating in a research report on Tuesday. Wedbush set a $39.00 price target on shares of Lumber Liquidators Holdings and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Morgan Stanley boosted their price target on shares of Lumber Liquidators Holdings from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.78.

Lumber Liquidators Holdings (NYSE:LL) last announced its earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative net margin of 4.57% and a negative return on equity of 2.39%. The business had revenue of $263.50 million for the quarter, compared to analyst estimates of $256.89 million. During the same quarter last year, the business earned ($0.45) earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year.

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Large investors have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new position in Lumber Liquidators Holdings in the 2nd quarter valued at about $118,000. Crossmark Global Holdings Inc. acquired a new position in Lumber Liquidators Holdings in the 3rd quarter valued at about $218,000. State of Alaska Department of Revenue boosted its holdings in Lumber Liquidators Holdings by 79.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,608 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 2,488 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Lumber Liquidators Holdings by 6.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock valued at $167,000 after purchasing an additional 420 shares during the last quarter. Finally, First Mercantile Trust Co. acquired a new position in Lumber Liquidators Holdings in the 2nd quarter valued at about $183,000. Institutional investors own 76.67% of the company’s stock.

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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