Lumber Liquidators Holdings Inc (NYSE:LL) shares traded down 7.8% during trading on Wednesday . The stock traded as low as $11.93 and last traded at $11.99, 3,494,217 shares traded hands during mid-day trading. An increase of 159% from the average session volume of 1,350,500 shares. The stock had previously closed at $13.00.
Several analysts have recently commented on the company. ValuEngine downgraded Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research note on Monday, July 29th. Zacks Investment Research lowered Lumber Liquidators from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, Evercore ISI reissued a “hold” rating on shares of Lumber Liquidators in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Lumber Liquidators has a consensus rating of “Hold” and a consensus target price of $12.00.
The stock has a market capitalization of $340.11 million, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 0.98 and a beta of 1.95. The business’s 50 day simple moving average is $9.24 and its two-hundred day simple moving average is $10.70. The company has a quick ratio of 0.22, a current ratio of 1.47 and a debt-to-equity ratio of 1.27.
In related news, insider Michael L. Reeves purchased 14,900 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of $8.32 per share, for a total transaction of $123,968.00. Following the completion of the acquisition, the insider now owns 44,631 shares of the company’s stock, valued at approximately $371,329.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dennis R. Knowles purchased 14,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $8.04 per share, with a total value of $112,560.00. Following the completion of the transaction, the chief executive officer now directly owns 102,241 shares in the company, valued at approximately $822,017.64. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of LL. D. E. Shaw & Co. Inc. purchased a new position in Lumber Liquidators during the 2nd quarter worth $1,954,000. Nuveen Asset Management LLC bought a new position in shares of Lumber Liquidators during the second quarter valued at about $1,931,000. Marshall Wace LLP bought a new position in shares of Lumber Liquidators during the second quarter valued at about $1,910,000. Rice Hall James & Associates LLC bought a new position in shares of Lumber Liquidators during the second quarter valued at about $1,484,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Lumber Liquidators by 21.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 727,474 shares of the specialty retailer’s stock worth $6,926,000 after purchasing an additional 126,595 shares during the last quarter. Institutional investors and hedge funds own 83.60% of the company’s stock.
About Lumber Liquidators (NYSE:LL)
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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