Lumber Liquidators Holdings Inc (LL) was Initiated by Topeka Capital Markets to “Sell” and the brokerage firm has set the Price Target at $9. Topeka Capital Markets advised their investors in a research report released on May 24, 2016.
Many Wall Street Analysts have commented on Lumber Liquidators Holdings Inc. Shares were Reiterated by Wedbush on Mar 1, 2016 to “Neutral” and Lowered the Price Target to $ 13 from a previous price target of $15 .
On the company’s financial health, Lumber Liquidators Holdings Inc reported $-1.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.97 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $-0.23. The company had revenue of $233.50 million for the quarter, compared to analysts expectations of $237.39 million. The company’s revenue was down -10.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.29 EPS.
Lumber Liquidators Holdings Inc opened for trading at $11.5 and hit $12.1538 on the upside on Friday, eventually ending the session at $12.02, with a gain of 4.89% or 0.56 points. The heightened volatility saw the trading volume jump to 11,36,615 shares. Company has a market cap of $326 M.
Lumber Liquidators Holdings Inc. (Lumber Liquidators) is a retailer of hardwood flooring and hardwood flooring enhancements and accessories in North America. The Companys product categories include Solid and Engineered Hardwood; Laminate; Bamboo Cork and Vinyl Plank and Moldings and Accessories. The Company sells its products primarily to homeowners or to contractors on behalf of homeowners. The Company offers wood flooring under18 brand names led by Bellawood a collection of solid and engineered hardwood flooring bamboo flooring moldings and accessories. The Company also offers a range of flooring enhancements and installation accessories including moldings noise-reducing underlay and tools. It offers around 400 different flooring product stock-keeping units. As of February 23 2015 Lumber Liquidators operated around 354 stores located in 46 states of the United States and nine store locations in Canada.