Lumber Liquidators Holdings, Inc (NYSE:LL) Posts Earnings Results, Beats Expectations By $0.24 EPS

Lumber Liquidators Holdings, Inc (NYSE:LL) posted its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.24, Morningstar.com reports. The business had revenue of $263.50 million during the quarter, compared to analyst estimates of $256.89 million. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.45) earnings per share.

Lumber Liquidators Holdings (LL) opened at 35.22 on Friday. The company’s market cap is $1.00 billion. The stock’s 50 day moving average is $29.27 and its 200 day moving average is $23.84. Lumber Liquidators Holdings has a 52-week low of $14.02 and a 52-week high of $37.84.

LL has been the subject of several research analyst reports. Zacks Investment Research raised shares of Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, July 5th. Dougherty & Co decreased their price objective on shares of Lumber Liquidators Holdings from $5.50 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, May 10th. Oppenheimer Holdings, Inc. set a $34.00 target price on shares of Lumber Liquidators Holdings and gave the company a “buy” rating in a research note on Wednesday, July 26th. TheStreet upgraded shares of Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Morgan Stanley upped their target price on shares of Lumber Liquidators Holdings from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.78.

Several institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund raised its position in Lumber Liquidators Holdings by 2.9% in the first quarter. Texas Permanent School Fund now owns 20,453 shares of the specialty retailer’s stock valued at $429,000 after buying an additional 580 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Lumber Liquidators Holdings during the first quarter valued at about $220,000. Comerica Bank raised its position in Lumber Liquidators Holdings by 8.0% in the first quarter. Comerica Bank now owns 31,211 shares of the specialty retailer’s stock valued at $760,000 after buying an additional 2,325 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Lumber Liquidators Holdings by 27.8% in the first quarter. BNP Paribas Arbitrage SA now owns 7,697 shares of the specialty retailer’s stock valued at $162,000 after buying an additional 1,676 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Lumber Liquidators Holdings by 9.3% in the first quarter. Bank of New York Mellon Corp now owns 305,991 shares of the specialty retailer’s stock valued at $6,423,000 after buying an additional 26,030 shares in the last quarter. Institutional investors own 71.89% of the company’s stock.

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About Lumber Liquidators Holdings

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.

Earnings History for Lumber Liquidators Holdings (NYSE:LL)

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