As mentioned above, Lumber Liquidators is off to an incredible start to today's trading session after reporting exceptional financial results for the second quarter. It's low debt-to-equity ratio of 34.9% does make it look financially sound, but we must also check how its cash flows and earnings stand against its debt.
The following firms have also recently changed their position in LL. Gilder Gagnon Howe & Co LLC reduced its stake by shedding 4,267 shares a decrease of 0.2% in the quarter. Zacks Investment Research's earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Lumber Liquidators Holdings. Stock has got OUTPERFORM rating from 0 analyst (s) whereas last month 0 analyst (s) have given outperform rating. 830.51 million shares or 0.72% less from 836.58 million shares in 2016Q3 were reported. The business had revenue of $263.50 million during the quarter, compared to analysts' expectations of $256.89 million.
Thirdly, the company's strong financial and operating performance and surge in traffic indicate that, after a tough couple of years, customers are starting to return to Lumber Liquidators as time puts the allegations further out of the public consciousness.
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Both the current and year-ago quarters had several unusual items that impacted those results, as scheduled in our 10-Q and press release. BidaskClub lowered Lumber Liquidators Holdings from a "hold" rating to a "sell" rating in a report on Wednesday, July 12th. Lumber Liquidators Holdings has $3400 highest and $4 lowest target.
The stock's market cap is $953.42 million.
On December 17 the stock rating was downgraded to "Sell" from "Neutral" with a current price target of $13.00 in a statement from Goldman Sachs. Finally, ValuEngine raised Lumber Liquidators Holdings from a "sell" rating to a "hold" rating in a research note on Friday, June 2nd. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. The stock presently has an average rating of "Hold" and a consensus target price of $20.71. Gilder Gagnon Howe & Co LLC claims 1,836,754 shares valued at $46,029,000. The Investec Asset Management North America Inc holds 347,042 shares with $17.40 million value, down from 355,873 last quarter. 103 funds opened positions while 353 raised stakes. The New York-based Pinebridge L P has invested 0.01% in Lumber Liquidators Holdings Inc (NYSE:LL).
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Cray Inc. has a consensus outperform rating from 4 Wall Street analysts, and the number of shares now sold short amount to at least 10.75% of shares outstanding. Lumber Liquidators Holdings Inc (NYSE:LL) has risen 154.19% since August 1, 2016 and is uptrending. Finally, Royce & Associates LP boosted its stake in Lumber Liquidators Holdings by 14.6% in the first quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the specialty retailer's stock worth $241,000 after buying an additional 500 shares during the period. State Of Alaska Department Of Revenue stated it has 0% of its portfolio in Lumber Liquidators Holdings Inc (NYSE:LL).
The move comes after 6 months positive chart setup for the $931.00M company. The stock has been active on the tape, now trading at $24.71, down from yesterday's close by -3.40%. Topeka Capital Markets initiated Lumber Liquidators Holdings Inc (NYSE:LL) on Tuesday, May 24 with " rating. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and global copyright & trademark law.
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