Michael L. Reeves Purchases 14,900 Shares of Lumber Liquidators Holdings Inc (NYSE:LL) Stock

Lumber Liquidators Holdings Inc (NYSE:LL) insider Michael L. Reeves purchased 14,900 shares of Lumber Liquidators stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of $8.32 per share, for a total transaction of $123,968.00. Following the acquisition, the insider now owns 44,631 shares in the company, valued at $371,329.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LL stock opened at $8.95 on Thursday. The stock has a market capitalization of $231.33 million, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.66 and a beta of 2.00. Lumber Liquidators Holdings Inc has a 12-month low of $6.59 and a 12-month high of $18.36. The company has a current ratio of 1.47, a quick ratio of 0.22 and a debt-to-equity ratio of 1.27. The stock’s 50 day simple moving average is $9.77 and its 200 day simple moving average is $10.84.

Lumber Liquidators (NYSE:LL) last released its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $288.57 million during the quarter, compared to the consensus estimate of $291.81 million. Lumber Liquidators had a negative net margin of 5.37% and a positive return on equity of 6.17%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. On average, research analysts predict that Lumber Liquidators Holdings Inc will post 0.45 earnings per share for the current year.

LL has been the topic of a number of research analyst reports. Raymond James upgraded Lumber Liquidators from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Wednesday, May 1st. Evercore ISI restated a “hold” rating on shares of Lumber Liquidators in a report on Wednesday, August 7th. ValuEngine downgraded Lumber Liquidators from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Finally, Zacks Investment Research downgraded Lumber Liquidators from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. Lumber Liquidators has an average rating of “Hold” and a consensus target price of $12.00.

Hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its holdings in shares of Lumber Liquidators by 13.6% during the 1st quarter. Royce & Associates LP now owns 703,079 shares of the specialty retailer’s stock valued at $7,101,000 after buying an additional 84,000 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Lumber Liquidators by 385.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,420 shares of the specialty retailer’s stock valued at $90,000 after buying an additional 7,479 shares during the period. Two Sigma Advisers LP bought a new position in shares of Lumber Liquidators during the 4th quarter valued at $132,000. Geode Capital Management LLC lifted its holdings in shares of Lumber Liquidators by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 282,350 shares of the specialty retailer’s stock valued at $2,687,000 after buying an additional 16,927 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in shares of Lumber Liquidators during the 1st quarter valued at $216,000. 78.82% of the stock is currently owned by institutional investors and hedge funds.

About Lumber Liquidators

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; 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 brand.

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