Shares of Lumber Liquidators Holdings Inc (NYSE:LL) dropped 26.3% on Monday . The stock traded as low as $5.63 and last traded at $4.35, approximately 153,535 shares were traded during mid-day trading. A decline of 95% from the average daily volume of 3,092,168 shares. The stock had previously closed at $5.90.
LL has been the subject of several analyst reports. Morgan Stanley downgraded shares of Lumber Liquidators from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $9.00 to $5.00 in a research note on Tuesday, January 21st. ValuEngine downgraded shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Loop Capital downgraded shares of Lumber Liquidators from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Zacks Investment Research raised shares of Lumber Liquidators from a “strong sell” rating to a “hold” rating and set a $11.00 target price for the company in a research note on Thursday, February 27th. Finally, Stifel Nicolaus boosted their target price on shares of Lumber Liquidators from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.17.
The firm’s 50 day moving average is $8.24 and its two-hundred day moving average is $9.14. The stock has a market cap of $192.46 million, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.32 and a beta of 1.57. The company has a current ratio of 1.51, a quick ratio of 0.31 and a debt-to-equity ratio of 1.13.
Lumber Liquidators (NYSE:LL) last posted its quarterly earnings data on Tuesday, February 25th. The specialty retailer reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.41. Lumber Liquidators had a net margin of 0.88% and a return on equity of 10.63%. The company had revenue of $273.85 million during the quarter, compared to the consensus estimate of $272.34 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts expect that Lumber Liquidators Holdings Inc will post 0.77 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of LL. NEXT Financial Group Inc increased its stake in shares of Lumber Liquidators by 44.5% during the 4th quarter. NEXT Financial Group Inc now owns 4,164 shares of the specialty retailer’s stock valued at $41,000 after acquiring an additional 1,283 shares during the last quarter. Samalin Investment Counsel LLC acquired a new position in shares of Lumber Liquidators during the 4th quarter valued at about $73,000. Cetera Advisor Networks LLC acquired a new position in shares of Lumber Liquidators during the 4th quarter valued at about $103,000. Virtu Financial LLC acquired a new position in shares of Lumber Liquidators during the 3rd quarter valued at about $121,000. Finally, Pearl River Capital LLC acquired a new position in shares of Lumber Liquidators during the 4th quarter valued at about $136,000. 78.75% of the stock is owned by institutional investors.
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.
