Lumber Liquidators (NYSE:LL) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday, February 4th.
A number of other analysts have also commented on LL. Citigroup assumed coverage on Lumber Liquidators in a report on Wednesday, October 10th. They issued a “neutral” rating and a $15.00 price target on the stock. Morgan Stanley lowered their target price on Lumber Liquidators from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 11th. Oppenheimer downgraded Lumber Liquidators from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 30th. UBS Group downgraded Lumber Liquidators from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 30th. Finally, CIBC reissued a “market perform” rating on shares of Lumber Liquidators in a research report on Tuesday, October 30th. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Lumber Liquidators currently has an average rating of “Hold” and a consensus target price of $13.67.
LL stock opened at $11.73 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.18 and a current ratio of 1.89. The stock has a market cap of $335.71 million, a price-to-earnings ratio of -8.82, a price-to-earnings-growth ratio of 0.93 and a beta of 1.84. Lumber Liquidators has a 1-year low of $9.13 and a 1-year high of $26.92.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LL. Principal Financial Group Inc. increased its holdings in Lumber Liquidators by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 232,355 shares of the specialty retailer’s stock valued at $2,212,000 after purchasing an additional 1,517 shares during the period. California Public Employees Retirement System grew its holdings in Lumber Liquidators by 3.1% during the 4th quarter. California Public Employees Retirement System now owns 62,460 shares of the specialty retailer’s stock worth $595,000 after acquiring an additional 1,884 shares during the period. Arizona State Retirement System grew its holdings in Lumber Liquidators by 6.1% during the 4th quarter. Arizona State Retirement System now owns 44,074 shares of the specialty retailer’s stock worth $420,000 after acquiring an additional 2,552 shares during the period. Macquarie Group Ltd. acquired a new stake in Lumber Liquidators during the 2nd quarter worth about $127,000. Finally, Legal & General Group Plc grew its holdings in Lumber Liquidators by 8.7% during the 3rd quarter. Legal & General Group Plc now owns 65,521 shares of the specialty retailer’s stock worth $1,020,000 after acquiring an additional 5,236 shares during the period. Hedge funds and other institutional investors own 76.57% 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.
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