Lumber Liquidators Holdings, Inc (NYSE:LL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Lumber Liquidators, Inc. is a specialty retailer of hardwood flooring. The Company offers a selection of hardwood flooring products under multiple brands. Lumber Liquidators sells its products through more than 110 Lumber Liquidators stores across the U.S., a call center, its Website and catalog. The Company offers hardwood flooring products from more than twenty five domestic and exotic wood species in both prefinished and unfinished brands of various widths and lengths. Lumber Liquidators also offers an assortment of flooring enhancements and installation accessories including moldings, noise-reducing underlays and adhesives. The Company’s product offering is substantially comprised of its own brands, including its Bellawood brand, as well as its Builder’s Pride, Virginia Mill Works, Schon, Morning Star Bamboo and Dream Home brands. “

LL has been the subject of several other research reports. Piper Jaffray Companies reissued a “hold” rating and set a $32.00 price objective on shares of Lumber Liquidators Holdings in a report on Friday, September 8th. Morgan Stanley boosted their price objective on Lumber Liquidators Holdings from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Wedbush boosted their price objective on Lumber Liquidators Holdings from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, October 11th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $43.00 price objective on shares of Lumber Liquidators Holdings in a report on Wednesday, October 4th. Finally, BidaskClub lowered Lumber Liquidators Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $29.89.

Lumber Liquidators Holdings (NYSE LL) traded up 0.03% on Wednesday, hitting $35.14. 647,691 shares of the stock were exchanged. Lumber Liquidators Holdings has a 52-week low of $14.02 and a 52-week high of $41.33. The company has a 50-day moving average price of $37.26 and a 200-day moving average price of $29.80. The firm’s market cap is $998.47 million.

Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $263.50 million during the quarter, compared to analyst estimates of $256.89 million. During the same quarter in the previous year, the firm earned ($0.45) earnings per share. Lumber Liquidators Holdings’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that Lumber Liquidators Holdings will post ($0.69) EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. USA Financial Portformulas Corp bought a new stake in Lumber Liquidators Holdings in the 2nd quarter worth approximately $342,000. Verition Fund Management LLC bought a new stake in Lumber Liquidators Holdings in the 2nd quarter worth approximately $251,000. Private Advisory Group LLC bought a new stake in Lumber Liquidators Holdings in the 2nd quarter worth approximately $307,000. The Manufacturers Life Insurance Company lifted its position in Lumber Liquidators Holdings by 5.8% in 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 during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Lumber Liquidators Holdings in the 2nd quarter worth approximately $260,000. Institutional investors own 77.32% of the company’s stock.

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.

Analyst Recommendations for Lumber Liquidators Holdings (NYSE:LL)

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