LL Flooring (NYSE:LL) Raised to “Hold” at Loop Capital

LL Flooring (NYSE:LL) was upgraded by stock analysts at Loop Capital from a “sell” rating to a “hold” rating in a report released on Thursday, FinViz reports. The brokerage presently has a $2.00 target price on the specialty retailer’s stock. Loop Capital’s price target suggests a potential upside of 31.15% from the company’s previous close.

Separately, StockNews.com initiated coverage on LL Flooring in a research report on Thursday, May 2nd. They issued a “sell” rating for the company.

LL Flooring Trading Down 4.7 %

Shares of LL stock opened at $1.53 on Thursday. The company has a market capitalization of $46.77 million, a price-to-earnings ratio of -0.42 and a beta of 1.85. The company has a current ratio of 1.54, a quick ratio of 0.12 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $1.75 and a 200 day moving average price of $2.61. LL Flooring has a twelve month low of $1.46 and a twelve month high of $5.52.

LL Flooring (NYSE:LL) last posted its quarterly earnings data on Friday, March 1st. The specialty retailer reported ($0.64) earnings per share for the quarter. LL Flooring had a negative net margin of 11.44% and a negative return on equity of 44.10%. The firm had revenue of $211.78 million during the quarter.

Hedge Funds Weigh In On LL Flooring

Large investors have recently bought and sold shares of the stock. Jump Financial LLC grew its holdings in shares of LL Flooring by 36.0% during the 4th quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock worth $107,000 after purchasing an additional 7,228 shares during the period. Gladius Capital Management LP acquired a new position in LL Flooring during the third quarter valued at approximately $29,000. State Board of Administration of Florida Retirement System purchased a new stake in LL Flooring during the first quarter worth approximately $29,000. Values First Advisors Inc. increased its position in shares of LL Flooring by 18.7% in the third quarter. Values First Advisors Inc. now owns 121,637 shares of the specialty retailer’s stock worth $386,000 after acquiring an additional 19,165 shares in the last quarter. Finally, Innovis Asset Management LLC purchased a new position in shares of LL Flooring in the 3rd quarter valued at $87,000. Hedge funds and other institutional investors own 54.33% of the company’s stock.

About LL Flooring

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard and soft surface flooring, and hard and soft surface flooring enhancements and accessories. The company offers hard and soft surface flooring including, waterproof hybrid resilient, waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools, as well as Duravana, a hybrid resilient flooring under the Bellawood, Coreluxe, ReNature by Coreluxe, and Duravana brand names.