Lumber Liquidators Holdings Inc (LL) to Post FY2018 Earnings of $0.76 Per Share, Wedbush Forecasts

Lumber Liquidators Holdings Inc (NYSE:LL) – Equities researchers at Wedbush raised their FY2018 EPS estimates for shares of Lumber Liquidators in a research report issued to clients and investors on Thursday. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings of $0.76 per share for the year, up from their previous estimate of $0.65. Wedbush currently has a “Buy” rating and a $39.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, November 1st. Oppenheimer restated a “buy” rating on shares of Lumber Liquidators in a report on Wednesday, October 25th. Moffett Nathanson initiated coverage on shares of Lumber Liquidators in a report on Monday, December 4th. They issued a “buy” rating for the company. TheStreet lowered shares of Lumber Liquidators from a “c” rating to a “d+” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley lifted their price objective on shares of Lumber Liquidators from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Lumber Liquidators has a consensus rating of “Hold” and a consensus target price of $30.89.

Shares of Lumber Liquidators (NYSE LL) opened at $30.47 on Friday. Lumber Liquidators has a twelve month low of $14.99 and a twelve month high of $41.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.84 and a quick ratio of 0.21. The company has a market cap of $905.83, a PE ratio of -18.69, a PEG ratio of 1.40 and a beta of 2.05.

Several institutional investors have recently modified their holdings of LL. FMR LLC purchased a new position in shares of Lumber Liquidators in the 2nd quarter worth approximately $10,906,000. PDT Partners LLC grew its position in Lumber Liquidators by 431.1% during the 2nd 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 during the last quarter. Columbus Circle Investors grew its position in Lumber Liquidators by 184.8% during the 3rd quarter. Columbus Circle Investors now owns 404,804 shares of the specialty retailer’s stock worth $15,779,000 after purchasing an additional 262,673 shares during the last quarter. Quantitative Investment Management LLC grew its position in Lumber Liquidators by 342.3% during the 2nd quarter. Quantitative Investment Management LLC now owns 311,400 shares of the specialty retailer’s stock worth $7,803,000 after purchasing an additional 241,000 shares during the last quarter. Finally, Chartwell Investment Partners LLC grew its position in Lumber Liquidators by 269.9% during the 3rd quarter. Chartwell Investment Partners LLC now owns 292,262 shares of the specialty retailer’s stock worth $11,392,000 after purchasing an additional 213,251 shares during the last quarter. 78.86% of the stock is currently owned by hedge funds and other institutional investors.

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About Lumber Liquidators

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 (NYSE:LL)

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