Credit Suisse Group Trims Lumber Liquidators (NYSE:LL) Target Price to $13.00

Lumber Liquidators (NYSE:LL) had its price target lowered by Credit Suisse Group from $17.00 to $13.00 in a report released on Wednesday, October 31st. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Credit Suisse Group’s price target suggests a potential upside of 11.30% from the company’s current price.

LL has been the topic of a number of other reports. Loop Capital set a $25.00 target price on shares of Lumber Liquidators and gave the company a “buy” rating in a research note on Tuesday, July 31st. ValuEngine lowered shares of Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 31st. UBS Group lowered shares of Lumber Liquidators from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 30th. Morgan Stanley lowered their target price on shares of Lumber Liquidators from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 1st. Finally, TheStreet upgraded shares of Lumber Liquidators from a “d+” rating to a “c-” rating in a research note on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. Lumber Liquidators currently has an average rating of “Hold” and a consensus target price of $17.40.

Shares of LL traded down $0.48 during mid-day trading on Wednesday, hitting $11.68. 914,320 shares of the company’s stock were exchanged, compared to its average volume of 1,396,019. Lumber Liquidators has a twelve month low of $9.95 and a twelve month high of $32.63. The firm has a market cap of $353.17 million, a price-to-earnings ratio of -8.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50. The company has a quick ratio of 0.18, a current ratio of 1.89 and a debt-to-equity ratio of 0.21.

Lumber Liquidators (NYSE:LL) last announced its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Lumber Liquidators had a net margin of 0.51% and a return on equity of 6.14%. The company had revenue of $270.47 million for the quarter, compared to analyst estimates of $281.82 million. During the same quarter in the prior year, the business posted $0.12 EPS. Lumber Liquidators’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that Lumber Liquidators will post 0.5 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of LL. Principal Financial Group Inc. boosted its holdings in Lumber Liquidators by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 218,371 shares of the specialty retailer’s stock valued at $5,223,000 after purchasing an additional 5,217 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Lumber Liquidators by 126.5% in 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 during the period. Guggenheim Capital LLC bought a new position in shares of Lumber Liquidators during the 1st quarter worth about $265,000. Millennium Management LLC lifted its holdings in shares of Lumber Liquidators by 337.8% during the 1st quarter. Millennium Management LLC now owns 491,280 shares of the specialty retailer’s stock worth $11,751,000 after acquiring an additional 379,061 shares during the period. Finally, SG Capital Management LLC bought a new position in shares of Lumber Liquidators during the 2nd quarter worth about $22,862,000. 76.09% of the stock is owned by hedge funds and other institutional investors.

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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