Lumber Liquidators Holdings (NYSE:LL) – Oppenheimer upped their FY2018 earnings per share (EPS) estimates for shares of Lumber Liquidators in a report issued on Tuesday, May 1st. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will post earnings of $0.80 per share for the year, up from their prior estimate of $0.70.
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A number of other equities analysts have also recently issued reports on the company. Wedbush cut Lumber Liquidators from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $39.00 to $28.00 in a report on Monday, February 12th. Zacks Investment Research cut Lumber Liquidators from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Loop Capital started coverage on Lumber Liquidators in a report on Thursday, March 1st. They set a “hold” rating and a $22.00 target price on the stock. Stifel Nicolaus restated a “hold” rating and set a $25.00 target price (down previously from $33.00) on shares of Lumber Liquidators in a report on Wednesday, February 28th. Finally, Morgan Stanley reduced their target price on Lumber Liquidators from $35.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.55.
Shares of LL opened at $20.87 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.20 and a debt-to-equity ratio of 0.13. Lumber Liquidators has a 1 year low of $19.41 and a 1 year high of $41.33. The stock has a market cap of $583.97, a price-to-earnings ratio of -15.69, a P/E/G ratio of 1.09 and a beta of 1.71.
Lumber Liquidators (NYSE:LL) last issued its earnings results on Tuesday, May 1st. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). Lumber Liquidators had a positive return on equity of 3.76% and a negative net margin of 1.29%. The company had revenue of $261.80 million for the quarter, compared to the consensus estimate of $260.37 million. During the same quarter last year, the business posted ($0.93) EPS. Lumber Liquidators’s quarterly revenue was up 5.4% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in shares of Lumber Liquidators during the 4th quarter valued at about $499,000. Creative Planning raised its position in Lumber Liquidators by 53.8% in the 4th quarter. Creative Planning now owns 18,505 shares of the specialty retailer’s stock valued at $581,000 after buying an additional 6,474 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Lumber Liquidators in the 4th quarter valued at approximately $298,000. Oppenheimer & Co. Inc. raised its position in Lumber Liquidators by 18.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 25,857 shares of the specialty retailer’s stock valued at $812,000 after buying an additional 4,084 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Lumber Liquidators by 16.8% in the 4th quarter. Rhumbline Advisers now owns 64,058 shares of the specialty retailer’s stock valued at $2,011,000 after buying an additional 9,193 shares during the last quarter. Institutional investors and hedge funds own 78.52% of the company’s stock.
About Lumber Liquidators
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood and Morning Star Bamboo brands.