In a research note on Wednesday, Oppenheimer Holdings Inc. gave Lumber Liquidators Holdings Inc. (NYSE:$LL) a rating of ‘Outperform’. They also issued a price target of $43.00, indicating a potential upside of 16.50%.
Lumber Liquidators is a multi-channel retailer of hardwood flooring and associated accessories.
On Wednesday, shares of Lumber Liquidators hit $36.91, an increase of 0.30%. It currently has a market cap of $1.05 billion. It has a 52-week low of $14.02 and a 52-week high of $41.33. The company has 50 and 200-day moving averages of $37.61 and $28.82 respectively.
Other firms have also recently weighed in on the stock:
- Zacks Investment Research: In a report on Wednesday, July 5th, Zacks increased the stock’s rating from ‘Hold’ to ‘Buy’ with a target price of $28.00.
- BidaskClub: In a report on Wednesday, July 12th, BidaskClub dropped its rating from ‘Hold’ to ‘Sell’.
- Wedbush (Privately Traded): In a report on Tuesday, August 8th, Wedbush restated an ‘Outperform’ rating and increased its target price from $27.00 to $35.00.
- Piper Jaffray Companies (NYSE:$PJC): In a report on Friday, September 8th, Piper Jaffray reissued a ‘Hold’ rating with a target price of $32.00.
- Morgan Stanley (NYSE:$MS): In a report on Monday, October 2nd, Morgan Stanley gave the stock an ‘Equal Weight’ rating and boosted the price target from $32.00 to $35.00.
The company currently has 8 ‘Hold’ ratings and 5 ‘Buy’ ratings, for a current consensus of ‘Hold’ and an average price target of $29.44.
Lumber Liquidators’ last earnings report was issued Tuesday, August 1st. It reported EPS of $0.16 for the quarter. This beat consensus estimates of -$0.08. During the same period in the previous year, the company reported -$0.45 EPS. Equity research analysts predict an annualized EPS of -$0.69 for the fiscal year.
The company also reported revenue of $263.60 million. This was well above consensus estimates of $256.89 million. In a year-over-year basis, total revenue has risen 10.7%.
Multiple institutions have also recently altered their stakes in the company;
- Municipal Employees Retirement System of Michigan bought an additional 420 shares during the 2nd quarter, an increase of 6.7%, for a total of 6,670 shares valued at $167,000.
- Mason Street Advisors bought an additional 652 shares during the 1st quarter, an increase of 11.0%, for a total of 6,606 shares valued at $139,000.
- State of Alaska Department of Revenue bought an additional 2,488 shares during the 2nd quarter, an increase of 79.7%, for a total of 5,608 shares valued at $140,000.
- Captrust Financial Advisors bought a new stake in the company during the 2nd quarter with an opening bid of $118,000.
- Mercantile Trust Co. bought a new stake in the company with an opening purchase of $183,000.
Institutional ownership currently accounts for 77.32% of the company’s stock.
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