Stock Traders Buy High Volume of Lumber Liquidators Call Options (NYSE:LL)

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Lumber Liquidators Holdings Inc (NYSE:LL) was the recipient of some unusual options trading activity on Monday. Stock traders bought 9,084 call options on the company. This represents an increase of 1,264% compared to the average daily volume of 666 call options.

Institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in shares of Lumber Liquidators during the 2nd quarter valued at about $29,000. NEXT Financial Group Inc boosted its stake in shares of Lumber Liquidators by 147.3% in the 3rd quarter. NEXT Financial Group Inc now owns 2,881 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 1,716 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Lumber Liquidators in the 2nd quarter valued at $82,000. Cubist Systematic Strategies LLC bought a new position in shares of Lumber Liquidators during the 2nd quarter valued at $112,000. Finally, Aperio Group LLC bought a new position in shares of Lumber Liquidators during the 2nd quarter valued at $123,000. Hedge funds and other institutional investors own 74.85% of the company’s stock.

Several research firms have recently weighed in on LL. Zacks Investment Research cut shares of Lumber Liquidators from a “hold” rating to a “strong sell” rating in a report on Friday. Raymond James lifted their price objective on Lumber Liquidators from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Finally, ValuEngine upgraded Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.14.

LL stock opened at $9.37 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.19 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $9.09 and its 200 day moving average is $9.75. The stock has a market cap of $263.56 million, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.91. Lumber Liquidators has a 1-year low of $6.59 and a 1-year high of $14.44.

Lumber Liquidators (NYSE:LL) last announced its earnings results on Wednesday, November 6th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.12). Lumber Liquidators had a negative net margin of 5.85% and a positive return on equity of 2.90%. The company had revenue of $263.96 million for the quarter, compared to the consensus estimate of $276.01 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Lumber Liquidators will post 0.23 EPS for the current fiscal year.

About Lumber Liquidators

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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