Lumber Liquidators (LL) Rating Lowered to Hold at Zacks Investment Research

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Lumber Liquidators (NYSE:LL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “Lumber Liquidators, Inc. found its niche market in hardwood flooring. Lumber Liquidators prides itself on having one of the largest inventories of prefinished and unfinished hardwood floors in the industry. There are flooring experts in every store ready to help, and free samples are available. Lumber Liquidators carries solid and engineered hardwood, laminate flooring, bamboo flooring, cork flooring, vinyl flooring, wood-look tile flooring, butcher blocks, mouldings, accessories and tools. It negotiates directly with the mills, eliminating the middleman and passing the savings on to the customers. The environmentally conscientious company only purchases from suppliers who practice sustainable harvesting, which allows forests to heal and re-grow faster. Everything Lumber Liquidators sells (unless specified otherwise) is first-quality, graded to industry specifications, and available in standard flooring lengths. “

Several other equities analysts also recently weighed in on LL. ValuEngine upgraded shares of Lumber Liquidators from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Loop Capital downgraded shares of Lumber Liquidators from a “buy” rating to a “hold” rating and cut their price target for the stock from $24.00 to $10.00 in a report on Thursday, January 3rd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $10.00 price target on shares of Lumber Liquidators in a report on Monday, January 7th. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Lumber Liquidators presently has an average rating of “Hold” and an average price target of $13.67.

Shares of NYSE:LL opened at $11.73 on Friday. Lumber Liquidators has a twelve month low of $9.13 and a twelve month high of $26.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.18 and a current ratio of 1.89. The company has a market capitalization of $335.71 million, a P/E ratio of -8.82, a price-to-earnings-growth ratio of 0.93 and a beta of 1.84.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Lumber Liquidators by 5.1% during the 4th quarter. BlackRock Inc. now owns 4,749,908 shares of the specialty retailer’s stock worth $45,219,000 after purchasing an additional 230,871 shares during the period. Gagnon Securities LLC grew its stake in shares of Lumber Liquidators by 16.0% during the 4th quarter. Gagnon Securities LLC now owns 1,124,911 shares of the specialty retailer’s stock worth $10,709,000 after purchasing an additional 155,279 shares during the period. Marshall Wace LLP acquired a new stake in shares of Lumber Liquidators during the 3rd quarter worth approximately $12,361,000. Dimensional Fund Advisors LP grew its stake in shares of Lumber Liquidators by 21.1% during the 4th 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 period. Finally, Royce & Associates LP grew its stake in shares of Lumber Liquidators by 258.5% during the 4th quarter. Royce & Associates LP now owns 619,079 shares of the specialty retailer’s stock worth $5,894,000 after purchasing an additional 446,400 shares during the period. 76.57% of the stock is currently owned by institutional investors and hedge funds.

Lumber Liquidators Company Profile

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; 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 and Morning Star Bamboo brands.

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