Lumber Liquidators Holdings, Inc (NYSE:LL) had its target price lifted by stock analysts at Morgan Stanley from $32.00 to $35.00 in a report issued on Monday. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price target would suggest a potential downside of 4.94% from the company’s current price.

Several other research analysts have also issued reports on the company. Zacks Investment Research upgraded Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, July 5th. BidaskClub cut Lumber Liquidators Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. set a $34.00 price target on Lumber Liquidators Holdings and gave the stock a “buy” rating in a report on Wednesday, July 26th. Piper Jaffray Companies set a $32.00 price target on Lumber Liquidators Holdings and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus raised their price target on Lumber Liquidators Holdings from $20.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $29.44.

Shares of Lumber Liquidators Holdings (LL) opened at 36.82 on Monday. Lumber Liquidators Holdings has a 12 month low of $14.02 and a 12 month high of $41.33. The stock has a 50 day moving average price of $37.45 and a 200-day moving average price of $28.58. The company’s market capitalization is $1.05 billion.

Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. The company had revenue of $263.50 million for the quarter, compared to the consensus estimate of $256.89 million. During the same period in the prior year, the firm posted ($0.45) EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Analysts expect that Lumber Liquidators Holdings will post ($0.69) earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of LL. USA Financial Portformulas Corp purchased a new stake in shares of Lumber Liquidators Holdings in the 2nd quarter worth $342,000. Verition Fund Management LLC bought a new position in shares of Lumber Liquidators Holdings during the 2nd quarter worth $251,000. Private Advisory Group LLC bought a new position in shares of Lumber Liquidators Holdings during the 2nd quarter worth $307,000. The Manufacturers Life Insurance Company grew its position in shares of Lumber Liquidators Holdings by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,889 shares of the specialty retailer’s stock worth $549,000 after buying an additional 1,195 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Lumber Liquidators Holdings during the 2nd quarter worth $260,000. 77.32% of the stock is owned by institutional investors and hedge funds.

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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