Lumber Liquidators (NYSE:LL) Shares Down 7.8%

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.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Wednesday, August 7th. The specialty retailer reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Lumber Liquidators had a positive return on equity of 6.17% and a negative net margin of 5.37%. The business had revenue of $288.57 million for the quarter, compared to the consensus estimate of $291.81 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Analysts predict that Lumber Liquidators Holdings Inc will post 0.44 earnings per share for the current year.

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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