Wedbush restated their outperform rating on shares of Lumber Liquidators Holdings, Inc (NYSE:LL) in a research report sent to investors on Tuesday morning. Wedbush currently has a $35.00 price target on the specialty retailer’s stock, up from their previous price target of $27.00.

A number of other brokerages have also recently issued reports on LL. TheStreet upgraded Lumber Liquidators Holdings from a d+ rating to a c rating in a report on Tuesday, August 1st. Stifel Nicolaus lifted their price target on shares of Lumber Liquidators Holdings from $20.00 to $33.00 and gave the company a hold rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies set a $32.00 price target on shares of Lumber Liquidators Holdings and gave the company a hold rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a hold rating and issued a $33.00 price target (up from $19.00) on shares of Lumber Liquidators Holdings in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Lumber Liquidators Holdings from a sell rating to a hold rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Lumber Liquidators Holdings presently has a consensus rating of Hold and a consensus price target of $26.78.

Shares of Lumber Liquidators Holdings (LL) traded up 3.39% on Tuesday, hitting $37.21. The stock had a trading volume of 1,742,682 shares. The stock’s market cap is $1.06 billion. The firm’s 50-day moving average is $26.40 and its 200 day moving average is $22.40. Lumber Liquidators Holdings has a 1-year low of $14.02 and a 1-year high of $37.69.

Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The business had revenue of $263.50 million during the quarter, compared to analysts’ expectations of $256.89 million. During the same quarter last year, the company posted ($0.45) earnings per share. Lumber Liquidators Holdings’s quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts forecast that Lumber Liquidators Holdings will post ($0.71) EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in LL. Louisiana State Employees Retirement System increased its position in shares of Lumber Liquidators Holdings by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the specialty retailer’s stock valued at $291,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Lumber Liquidators Holdings by 1.3% in the second quarter. Texas Permanent School Fund now owns 20,723 shares of the specialty retailer’s stock valued at $519,000 after buying an additional 270 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Lumber Liquidators Holdings by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 65,483 shares of the specialty retailer’s stock valued at $1,374,000 after buying an additional 336 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Lumber Liquidators Holdings by 6.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 420 shares in the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Lumber Liquidators Holdings by 11.0% in the first quarter. Mason Street Advisors LLC now owns 6,606 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 652 shares in the last quarter. Institutional investors and hedge funds own 73.51% of the company’s stock.

Lumber Liquidators Holdings Company 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.

Analyst Recommendations for Lumber Liquidators Holdings (NYSE:LL)

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