Lumber Liquidators (NYSE:LL) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Lumber Liquidators (NYSE:LL) from a hold rating to a sell rating in a report published on Wednesday morning, Zacks.com reports.

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. “

A number of other equities analysts have also recently commented on LL. Evercore ISI reaffirmed a hold rating on shares of Lumber Liquidators in a research note on Wednesday, August 7th. Raymond James lifted their price target on Lumber Liquidators from $10.00 to $14.00 and gave the stock 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $11.38.

Shares of Lumber Liquidators stock opened at $9.24 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.47 and a quick ratio of 0.22. The business’s 50 day simple moving average is $9.66 and its two-hundred day simple moving average is $10.45. The stock has a market capitalization of $263.19 million, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.82 and a beta of 1.97. Lumber Liquidators has a one year low of $6.59 and a one year high of $14.44.

Lumber Liquidators (NYSE:LL) last announced its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The company had revenue of $288.57 million during the quarter, compared to analysts’ expectations of $291.81 million. Lumber Liquidators had a positive return on equity of 6.17% and a negative net margin of 5.37%. Lumber Liquidators’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. Sell-side analysts expect that Lumber Liquidators will post 0.37 earnings per share for the current fiscal year.

In other news, CEO Dennis R. Knowles purchased 14,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $8.04 per share, for a total transaction of $112,560.00. Following the completion of the transaction, the chief executive officer now directly owns 102,241 shares of the company’s stock, valued at approximately $822,017.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael L. Reeves purchased 14,900 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of $8.32 per share, for a total transaction of $123,968.00. Following the completion of the transaction, the insider now directly owns 44,631 shares of the company’s stock, valued at $371,329.92. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. boosted its position in shares of Lumber Liquidators by 5.1% during the second quarter. Crossmark Global Holdings Inc. now owns 20,860 shares of the specialty retailer’s stock valued at $241,000 after purchasing an additional 1,010 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Lumber Liquidators in the second quarter worth $29,000. Charles Schwab Investment Management Inc. boosted its holdings in Lumber Liquidators by 2.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 164,102 shares of the specialty retailer’s stock worth $1,896,000 after acquiring an additional 4,320 shares in the last quarter. KBC Group NV boosted its holdings in Lumber Liquidators by 9.8% in the second quarter. KBC Group NV now owns 50,613 shares of the specialty retailer’s stock worth $585,000 after acquiring an additional 4,535 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Lumber Liquidators by 15.5% in the second quarter. Parametric Portfolio Associates LLC now owns 52,026 shares of the specialty retailer’s stock worth $601,000 after acquiring an additional 6,970 shares in the last quarter. Institutional investors own 83.36% of the company’s stock.

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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