Lumber Liquidators Holdings Inc (LL) is Reiterated by Wedbush to Neutral, Raises Price Target to $ 15

Lumber Liquidators Holdings Inc (LL) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $13 . Wedbush advised their investors in a research report released on Jul 28, 2016.

Many Wall Street Analysts have commented on Lumber Liquidators Holdings Inc. Topeka Capital Markets Initiated Lumber Liquidators Holdings Inc on May 24, 2016 to “Sell”, Price Target of the shares are set at $9.

On the company’s financial health, Lumber Liquidators Holdings Inc reported $-0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.24. The company had revenue of $238.10 million for the quarter, compared to analysts expectations of $240.37 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.75 EPS.

Lumber Liquidators Holdings Inc closed down -0.61 points or -4.04% at $14.49 with 22,09,766 shares getting traded on Thursday. Post opening the session at $15.06, the shares hit an intraday low of $14.4435 and an intraday high of $15.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 1, 2016, Macon F Jr Brock (director) purchased 1,000 shares at $28.17 per share price.

Lumber Liquidators Holdings Inc. (Lumber Liquidators) is a retailer of hardwood flooring and hardwood flooring enhancements and accessories in North America. The Company’s 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.

Lumber Liquidators Holdings Inc

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Lumber Liquidators Holdings Inc - Is it time to Sell?

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