Pinebridge Investments L.P. purchased a new stake in shares of Lumber Liquidators Holdings Inc (NYSE:LL) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 7,259 shares of the specialty retailer’s stock, valued at approximately $177,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LL. First Mercantile Trust Co. bought a new position in Lumber Liquidators during the 2nd quarter valued at $127,000. Piedmont Investment Advisors LLC bought a new position in Lumber Liquidators during the 2nd quarter valued at $162,000. Raymond James Financial Services Advisors Inc. bought a new position in Lumber Liquidators during the 2nd quarter valued at $206,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Lumber Liquidators by 126.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,833 shares of the specialty retailer’s stock valued at $211,000 after purchasing an additional 4,933 shares in the last quarter. Finally, Cambria Investment Management L.P. bought a new position in Lumber Liquidators during the 1st quarter valued at $223,000. 79.54% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on LL. Loop Capital set a $25.00 price target on Lumber Liquidators and gave the company a “buy” rating in a research note on Tuesday, July 31st. ValuEngine lowered Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 31st. Morgan Stanley reduced their price objective on Lumber Liquidators from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 1st. TheStreet raised Lumber Liquidators from a “d+” rating to a “c-” rating in a research note on Tuesday, July 3rd. Finally, Stifel Nicolaus reduced their price objective on Lumber Liquidators from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Lumber Liquidators has an average rating of “Hold” and an average price target of $24.00.
LL opened at $17.60 on Friday. The firm has a market cap of $505.73 million, a PE ratio of 80.41, a P/E/G ratio of 1.05 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.73 and a quick ratio of 0.16. Lumber Liquidators Holdings Inc has a fifty-two week low of $16.90 and a fifty-two week high of $41.33.
Lumber Liquidators (NYSE:LL) last released its quarterly earnings data on Tuesday, July 31st. The specialty retailer reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.28). The company had revenue of $283.50 million for the quarter, compared to the consensus estimate of $281.26 million. Lumber Liquidators had a positive return on equity of 3.24% and a negative net margin of 1.82%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. equities research analysts forecast that Lumber Liquidators Holdings Inc will post 0.61 earnings per share for the current fiscal year.
Lumber Liquidators Profile
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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