Lumber Liquidators (LL) Earns Buy Rating from Analysts at Moffett Nathanson

Moffett Nathanson started coverage on shares of Lumber Liquidators (NYSE:LL) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating on the specialty retailer’s stock.

LL has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Lumber Liquidators from a buy rating to a hold rating in a research note on Thursday, November 2nd. Oppenheimer reissued an outperform rating and set a $43.00 price target on shares of Lumber Liquidators in a research note on Wednesday, October 4th. Wedbush set a $39.00 price target on shares of Lumber Liquidators and gave the stock a buy rating in a research note on Wednesday, October 25th. Stifel Nicolaus reissued a hold rating and set a $33.00 price target on shares of Lumber Liquidators in a research note on Wednesday, November 1st. Finally, BidaskClub raised shares of Lumber Liquidators from a sell rating to a hold rating in a research note on Wednesday, August 23rd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $30.78.

Lumber Liquidators (NYSE:LL) opened at $29.08 on Monday. Lumber Liquidators has a 12 month low of $14.99 and a 12 month high of $41.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.21 and a current ratio of 1.84.

Several institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new position in shares of Lumber Liquidators in the third quarter valued at approximately $241,000. Engineers Gate Manager LP acquired a new position in shares of Lumber Liquidators in the third quarter valued at approximately $1,860,000. WINTON GROUP Ltd acquired a new position in shares of Lumber Liquidators in the third quarter valued at approximately $2,317,000. Wells Fargo & Company MN boosted its holdings in Lumber Liquidators by 29.5% during the third quarter. Wells Fargo & Company MN now owns 28,438 shares of the specialty retailer’s stock worth $1,109,000 after purchasing an additional 6,481 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in Lumber Liquidators during the third quarter worth $421,000. Institutional investors own 79.29% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Lumber Liquidators (LL) Earns Buy Rating from Analysts at Moffett Nathanson” was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/12/07/lumber-liquidators-ll-earns-buy-rating-from-analysts-at-moffett-nathanson.html.

About Lumber Liquidators

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

Analyst Recommendations for Lumber Liquidators (NYSE:LL)

Receive News & Ratings for Lumber Liquidators Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumber Liquidators Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply