StockNews.com Initiates Coverage on LL Flooring (NYSE:LL)

StockNews.com assumed coverage on shares of LL Flooring (NYSE:LL) in a report released on Wednesday. The firm issued a sell rating on the specialty retailer’s stock.

LL Flooring Trading Down 0.7 %

NYSE:LL opened at $1.50 on Wednesday. The stock’s 50 day moving average price is $1.83 and its 200 day moving average price is $2.72. LL Flooring has a 52 week low of $1.46 and a 52 week high of $5.52. The company has a market capitalization of $46.26 million, a P/E ratio of -0.42 and a beta of 1.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.12 and a current ratio of 1.54.

LL Flooring (NYSE:LL) last released its quarterly earnings data on Friday, March 1st. The specialty retailer reported ($0.64) EPS for the quarter. LL Flooring had a negative return on equity of 44.10% and a negative net margin of 11.44%. The firm had revenue of $211.78 million during the quarter.

Hedge Funds Weigh In On LL Flooring

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new stake in shares of LL Flooring in the third quarter valued at approximately $29,000. Innovis Asset Management LLC bought a new stake in shares of LL Flooring in the third quarter valued at approximately $87,000. Jump Financial LLC boosted its position in shares of LL Flooring by 36.0% in the fourth quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock valued at $107,000 after acquiring an additional 7,228 shares during the period. Sierra Summit Advisors LLC bought a new stake in shares of LL Flooring in the fourth quarter valued at approximately $266,000. Finally, Values First Advisors Inc. boosted its position in shares of LL Flooring by 18.7% in the third quarter. Values First Advisors Inc. now owns 121,637 shares of the specialty retailer’s stock valued at $386,000 after acquiring an additional 19,165 shares during the period. Institutional investors and hedge funds own 54.33% of the company’s stock.

About LL Flooring

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard and soft surface flooring, and hard and soft surface flooring enhancements and accessories. The company offers hard and soft surface flooring including, waterproof hybrid resilient, waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools, as well as Duravana, a hybrid resilient flooring under the Bellawood, Coreluxe, ReNature by Coreluxe, and Duravana brand names.