Analysts predict that Lumber Liquidators Holdings Inc (NYSE:LL) will report $281.75 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Lumber Liquidators' earnings, with estimates ranging from $279.50 million to $284.00 million. Lumber Liquidators reported sales of $263.96 million in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The business is scheduled to issue its next earnings results on Wednesday, November 4th.
On average, analysts expect that Lumber Liquidators will report full year sales of $1.05 billion for the current year, with estimates ranging from $1.03 billion to $1.07 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.15 billion, with estimates ranging from $1.13 billion to $1.18 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research firms that cover Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last posted its earnings results on Wednesday, August 5th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.30. Lumber Liquidators had a net margin of 3.12% and a return on equity of 20.94%. The company had revenue of $230.28 million during the quarter, compared to analysts' expectations of $220.63 million. During the same quarter last year, the company posted $0.03 EPS. Lumber Liquidators's quarterly revenue was down 20.2% compared to the same quarter last year.
A number of equities analysts recently commented on the stock. Loop Capital raised their price target on shares of Lumber Liquidators from $18.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Morgan Stanley raised their price target on shares of Lumber Liquidators from $8.00 to $14.00 and gave the stock an "underweight" rating in a research report on Thursday, August 6th. Wedbush raised their price target on shares of Lumber Liquidators from $11.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Piper Sandler raised their price target on shares of Lumber Liquidators from $11.00 to $23.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 18th. Finally, Stifel Nicolaus raised their target price on shares of Lumber Liquidators from $5.00 to $10.00 and gave the company a "hold" rating in a report on Friday, May 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average price target of $20.17.
A number of hedge funds have recently added to or reduced their stakes in LL. Vanguard Group Inc. increased its holdings in shares of Lumber Liquidators by 7.4% during the second quarter. Vanguard Group Inc. now owns 1,800,058 shares of the specialty retailer's stock worth $24,948,000 after buying an additional 124,578 shares in the last quarter. State Street Corp lifted its stake in shares of Lumber Liquidators by 7.6% in the 1st quarter. State Street Corp now owns 925,872 shares of the specialty retailer's stock valued at $4,342,000 after acquiring an additional 65,461 shares during the last quarter. Gagnon Advisors LLC lifted its stake in shares of Lumber Liquidators by 386.9% in the 2nd quarter. Gagnon Advisors LLC now owns 891,024 shares of the specialty retailer's stock valued at $2,536,000 after acquiring an additional 708,021 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Lumber Liquidators by 71.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 429,767 shares of the specialty retailer's stock valued at $5,957,000 after acquiring an additional 179,520 shares during the last quarter. Finally, Robertson Opportunity Capital LLC lifted its stake in shares of Lumber Liquidators by 1.2% in the 1st quarter. Robertson Opportunity Capital LLC now owns 418,392 shares of the specialty retailer's stock valued at $1,962,000 after acquiring an additional 5,000 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:LL opened at $20.30 on Tuesday. Lumber Liquidators has a 52 week low of $3.77 and a 52 week high of $29.59. The firm has a market cap of $585.72 million, a price-to-earnings ratio of 18.13, a P/E/G ratio of 0.78 and a beta of 2.53. The firm's 50-day simple moving average is $23.24 and its 200 day simple moving average is $13.32. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.67 and a current ratio of 1.60.
About Lumber Liquidators
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood brand.
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