First Quadrant L P CA acquired a new position in Lumber Liquidators Holdings Inc (NYSE:LL) during the second quarter, HoldingsChannel.com reports. The fund acquired 14,400 shares of the specialty retailer’s stock, valued at approximately $200,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Lumber Liquidators by 201.0% in the first quarter. Tower Research Capital LLC TRC now owns 6,102 shares of the specialty retailer’s stock worth $28,000 after buying an additional 4,075 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of Lumber Liquidators in the first quarter worth approximately $42,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Lumber Liquidators by 22.7% in the first quarter. BNP Paribas Arbitrage SA now owns 9,046 shares of the specialty retailer’s stock worth $42,000 after buying an additional 1,673 shares during the last quarter. Balyasny Asset Management LLC purchased a new position in shares of Lumber Liquidators in the first quarter worth approximately $47,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Lumber Liquidators by 108.5% in the first quarter. JPMorgan Chase & Co. now owns 10,106 shares of the specialty retailer’s stock worth $48,000 after buying an additional 129,555 shares during the last quarter. 67.45% of the stock is currently owned by institutional investors.
In other Lumber Liquidators news, CEO Charles E. Tyson purchased 5,000 shares of Lumber Liquidators stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $10.95 per share, for a total transaction of $54,750.00. 2.40% of the stock is currently owned by insiders.
Several brokerages have weighed in on LL. Morgan Stanley lifted their price target on shares of Lumber Liquidators from $3.00 to $8.00 and gave the company an “underweight” rating in a report on Tuesday, June 2nd. ValuEngine raised shares of Lumber Liquidators from a “strong sell” rating to a “sell” rating in a report on Thursday, July 23rd. 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 report on Friday, May 29th. Zacks Investment Research downgraded shares of Lumber Liquidators from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Loop Capital raised shares of Lumber Liquidators from a “hold” rating to a “buy” rating and lifted their price target for the company from $11.00 to $18.00 in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Lumber Liquidators currently has an average rating of “Hold” and a consensus price target of $15.40.
LL stock opened at $22.32 on Friday. Lumber Liquidators Holdings Inc has a one year low of $3.77 and a one year high of $23.45. The company’s fifty day moving average price is $15.43 and its 200-day moving average price is $9.50. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.36 and a current ratio of 1.49. The company has a market capitalization of $643.15 million, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.56 and a beta of 2.42.
Lumber Liquidators (NYSE:LL) last released its earnings results on Thursday, May 28th. The specialty retailer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.03 by $0.41. Lumber Liquidators had a net margin of 2.45% and a return on equity of 21.58%. The firm had revenue of $267.40 million for the quarter, compared to the consensus estimate of $267.43 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, research analysts predict that Lumber Liquidators Holdings Inc will post 0.32 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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