Royal Bank of Canada Raises Stake in Lumber Liquidators Holdings Inc (NYSE:LL)
Royal Bank of Canada increased its stake in Lumber Liquidators Holdings Inc (NYSE:LL) by 863.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 20,199 shares of the specialty retailer’s stock after buying an additional 18,103 shares during the quarter. Royal Bank of Canada’s holdings in Lumber Liquidators were worth $94,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of LL. Tower Research Capital LLC TRC boosted its holdings in shares of Lumber Liquidators by 201.0% in the 1st 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 1st quarter worth about $42,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Lumber Liquidators by 22.7% in the 1st 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 1st quarter worth about $47,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Lumber Liquidators by 108.5% in the 1st 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.
Shares of LL opened at $22.32 on Friday. The business’s 50-day moving average price is $15.43 and its 200-day moving average price is $9.50. Lumber Liquidators Holdings Inc has a twelve month low of $3.77 and a twelve month high of $23.45. The stock has a market cap of $643.15 million, a PE ratio of 24.00, a P/E/G ratio of 2.60 and a beta of 2.42. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.94.
A number of brokerages recently issued reports on LL. Loop Capital upgraded Lumber Liquidators from a “hold” rating to a “buy” rating and boosted their price objective for the company from $11.00 to $18.00 in a research note on Tuesday, July 14th. Zacks Investment Research cut Lumber Liquidators from a “strong-buy” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded Lumber Liquidators from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 23rd. Stifel Nicolaus boosted their price objective on Lumber Liquidators from $5.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Finally, Morgan Stanley boosted their price objective on Lumber Liquidators from $3.00 to $8.00 and gave the company an “underweight” rating in a research note on Tuesday, June 2nd. Two 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. The company currently has a consensus rating of “Hold” and an average target price of $15.40.
In related news, CEO Charles E. Tyson purchased 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average cost of $10.95 per share, for a total transaction of $54,750.00. Corporate insiders own 2.40% of the company’s stock.
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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