SG Americas Securities LLC purchased a new stake in Lumber Liquidators Holdings Inc (NYSE:LL) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 151,582 shares of the specialty retailer’s stock, valued at approximately $2,101,000.
Several other institutional investors have also modified their holdings of LL. BNP Paribas Arbitrage SA increased its stake in shares of Lumber Liquidators by 22.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,046 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 1,673 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in Lumber Liquidators by 15.4% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 15,000 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 2,000 shares during the period. Tower Research Capital LLC TRC increased its position in Lumber Liquidators by 201.0% during the first quarter. Tower Research Capital LLC TRC now owns 6,102 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 4,075 shares during the last quarter. Rhumbline Advisers increased its position in Lumber Liquidators by 4.9% during the first quarter. Rhumbline Advisers now owns 99,645 shares of the specialty retailer’s stock worth $467,000 after purchasing an additional 4,669 shares during the last quarter. Finally, Texas Permanent School Fund raised its stake in Lumber Liquidators by 24.3% during the first quarter. Texas Permanent School Fund now owns 24,401 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 4,763 shares during the period. 67.45% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on LL shares. ValuEngine upgraded Lumber Liquidators from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research downgraded Lumber Liquidators from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley boosted their target price on Lumber Liquidators from $3.00 to $8.00 and gave the stock an “underweight” rating in a report on Tuesday, June 2nd. Loop Capital raised shares of Lumber Liquidators from a “hold” rating to a “buy” rating and increased their target price for the stock from $11.00 to $18.00 in a research report on Tuesday, July 14th. Finally, Stifel Nicolaus lifted their price target on shares of Lumber Liquidators from $5.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Lumber Liquidators has a consensus rating of “Hold” and a consensus target price of $12.20.
In other news, CEO Charles E. Tyson purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average price of $10.95 per share, with a total value of $54,750.00. 2.40% of the stock is currently owned by corporate insiders.
LL stock opened at $21.51 on Friday. The firm has a market cap of $620.50 million, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 2.36 and a beta of 2.42. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.36 and a current ratio of 1.49. Lumber Liquidators Holdings Inc has a 1 year low of $3.77 and a 1 year high of $21.79. The stock has a 50-day simple moving average of $13.94 and a 200-day simple moving average of $9.05.
Lumber Liquidators (NYSE:LL) last issued its quarterly earnings data on Thursday, May 28th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.41. The company had revenue of $267.40 million during the quarter, compared to the consensus estimate of $267.43 million. Lumber Liquidators had a net margin of 2.45% and a return on equity of 21.58%. Lumber Liquidators’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company earned ($0.17) earnings per share. On average, equities research analysts predict that Lumber Liquidators Holdings Inc will post 0.32 EPS for the current 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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