Lumber Liquidators Holdings Inc (LL) Shares Bought by OppenheimerFunds Inc.

OppenheimerFunds Inc. raised its stake in Lumber Liquidators Holdings Inc (NYSE:LL) by 28.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,857 shares of the specialty retailer’s stock after acquiring an additional 5,066 shares during the quarter. OppenheimerFunds Inc. owned approximately 0.08% of Lumber Liquidators worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Lumber Liquidators by 7.7% in the fourth quarter. BlackRock Inc. now owns 4,087,391 shares of the specialty retailer’s stock valued at $128,302,000 after purchasing an additional 293,626 shares during the period. State Street Corp raised its position in shares of Lumber Liquidators by 5.1% in the second quarter. State Street Corp now owns 631,095 shares of the specialty retailer’s stock valued at $15,820,000 after purchasing an additional 30,639 shares during the period. Bank of New York Mellon Corp raised its position in shares of Lumber Liquidators by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 338,853 shares of the specialty retailer’s stock valued at $13,208,000 after purchasing an additional 5,624 shares during the period. Chartwell Investment Partners LLC raised its position in shares of Lumber Liquidators by 269.9% in the third quarter. Chartwell Investment Partners LLC now owns 292,262 shares of the specialty retailer’s stock valued at $11,392,000 after purchasing an additional 213,251 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Lumber Liquidators by 6.5% in the third quarter. Ameriprise Financial Inc. now owns 204,938 shares of the specialty retailer’s stock valued at $7,987,000 after purchasing an additional 12,552 shares during the period. Hedge funds and other institutional investors own 78.41% of the company’s stock.

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Shares of Lumber Liquidators Holdings Inc (LL) opened at $24.29 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.20 and a current ratio of 1.67. The firm has a market cap of $722.23, a P/E ratio of 211.25, a P/E/G ratio of 1.36 and a beta of 1.90. Lumber Liquidators Holdings Inc has a twelve month low of $18.26 and a twelve month high of $41.33.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Tuesday, February 27th. The specialty retailer reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $259.86 million for the quarter, compared to analyst estimates of $264.56 million. Lumber Liquidators had a negative net margin of 3.68% and a positive return on equity of 1.71%. Lumber Liquidators’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) EPS. analysts forecast that Lumber Liquidators Holdings Inc will post 0.79 earnings per share for the current fiscal year.

Several research firms have recently issued reports on LL. Loop Capital raised shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday. Jefferies Group reissued a “hold” rating and issued a $24.00 price target on shares of Lumber Liquidators in a research report on Thursday, March 1st. SunTrust Banks lowered their price target on shares of Lumber Liquidators to $24.00 and set a “hold” rating on the stock in a research report on Thursday, March 1st. Morgan Stanley lowered their price target on shares of Lumber Liquidators from $35.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Finally, Credit Suisse Group decreased their target price on shares of Lumber Liquidators from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.00.

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Lumber Liquidators Profile

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

Institutional Ownership by Quarter for Lumber Liquidators (NYSE:LL)

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