SunTrust Banks (NYSE:$STI) has lowered their Q3 2017 Earnings Per Share forecast for Lumber Liquidators, Inc. (NYSE:$LL). In a report on Monday, analyst K. Hughes dropped the forecast from $0.07 to $0.02 EPS.
Multiple other firms also weighed in on the stock;
- Zacks Investment Research; In a report on Wednesday, July 5th, this firm increased their rating from a ‘Hold’ to a ‘Buy’ and set a target price of $28.00.
- Oppenheimer Holdings, Inc (NYSE:$OPY) : In a report on Wednesday, July 26th, this firm gave the company a ‘Buy’ rating and set a target price of $34.00.
- Stifel Nicolaus: In a report on Wednesday, August 2nd, this firm gave the stock a ‘Hold’ rating and increased their target price from $20.00 to $33.00.
- BidaskClub: In a research note on Wednesday, August 23rd, this firm raised their rating from ‘Sell’ to ‘Hold’.
In total, eight firms have given the stock a ‘Hold’ rating and five have given the stock a ‘Buy’ rating, with an average price target of $29.44.
At Wednesday’s open, shares in the company opened at $36.82. They currently hold a 50 day moving average of $37.45 and a 200 day moving average of $28.58. The company also has a 52 week high of $41.33 and a 52 week low of $14.02. Their market cap currently sits at $1.05 billion.
Tuesday, August 1st marks the latest earnings report from Lumber Liquidators. In it, they beat the Thomson Reuters’ consensus estimate of -$0.08 with a reported EPS of $0.16. During the same period in the previous year, the company reported a -$0.45 EPS. The report also detailed total revenue at $263.50 million, which was well beyond consensus estimates of $256.89 million. This is an increase of 10.7% from the same quarter last year.
Multiple institutions have recently altered their stakes in the company:
- Municipal Employees Retirement System of Michigan bought an additional 420 shares in the 2nd quarter, an increase of 6.7%, for a total of 6,670 shares valued at $167,000.
- BNP Paribas Arbitrage SA bought an additional 1,676 shares in the 1st quarter, an increase of 27.8% for a total of 7,697 shares valued at $162,000.
- The State of Alaska Department of Revenue bought an additional 2,488 shares in the 2nd quarter, an increase of 79.7%, for a total of 5,608 shares valued at $140,000.
- Mason Street Advisors bought an additional 652 shares in the 1st quarter, an increase of 11.0%, for a total of 6,606 shares valued at $139,000.
- Captrust Financial Advisors bought into the company in the second quarter with an opening purchase of $118,000 worth of stock.
The company’s stock is currently 77.32% owned by hedge funds and other institutional investors.
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