LL Flooring (NYSE: LL) cut to “sell” at Zacks Investment Research
Floor LL (NYSE: LL – Get an Appraisal) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report released Tuesday to clients and investors, Zacks.com reports.
According to Zacks, “LL Flooring Holdings Inc. supplies specialty hard surface flooring retailers. The company’s selection includes waterproof vinyl plank, hybrid resilient flooring, solid and engineered hardwood, laminate, bamboo, porcelain tile and cork. LL Flooring Holdings Inc., formerly known as Lumber Liquidators Holdings Inc., is based in RICHMOND, Virginia.
Separately, StockNews.com launched coverage on LL Flooring in a research report on Thursday, March 31. They issued a “holding” rating for the company.
NYSE:LL opened at $12.38 on Tuesday. LL Flooring has a 1 year minimum of $11.89 and a 1 year maximum of $26.50. The company has a market capitalization of $370.16 million, a price-earnings ratio of 10.32 and a beta of 2.18. The stock has a fifty-day simple moving average of $14.60 and a 200-day simple moving average of $15.72.
LL Flooring (NYSE: LL – Get Rating) last released its quarterly results on Wednesday, May 4. The specialty retailer reported earnings per share of $0.13 for the quarter, missing analyst consensus estimates of $0.16 per ($0.03). LL Flooring had a net margin of 3.06% and a return on equity of 13.10%. The company posted revenue of $279.03 million in the quarter, versus analyst estimates of $281.40 million. In the same quarter last year, the company achieved EPS of $0.34. The company’s revenue for the quarter decreased 1.6% compared to the same quarter last year. On average, analysts expect LL Flooring to post 1.12 EPS for the current year.
A number of institutional investors have recently increased or reduced their stake in LL. Morgan Stanley increased its stake in LL Flooring by 66.3% in the second quarter. Morgan Stanley now owns 315,206 shares of the specialty retailer valued at $6,651,000 after purchasing an additional 125,708 shares during the period. Victory Capital Management Inc. increased its stake in LL Flooring by 24.9% in Q3. Victory Capital Management Inc. now owns 12,921 shares of the specialty retailer valued at $241,000 after purchasing an additional 2,574 shares during the period. PNC Financial Services Group Inc. increased its stake in LL Flooring by 41.0% in Q3. PNC Financial Services Group Inc. now owns 2,038 shares of the specialty retailer valued at $37,000 after purchasing an additional 593 shares during the period. Barclays PLC increased its stake in LL Flooring by 32.9% in the third quarter. Barclays PLC now owns 44,246 shares of the specialty retailer valued at $827,000 after buying an additional 10,958 shares during the period. Finally, IndexIQ Advisors LLC increased its stake in LL Flooring by 11.1% in the 3rd quarter. IndexIQ Advisors LLC now owns 17,898 shares of the specialty retailer valued at $334,000 after purchasing an additional 1,793 shares during the period. Hedge funds and other institutional investors own 86.33% of the company’s shares.
LL Flooring Company Profile (Get an evaluation)
LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and hard surface flooring upgrades and accessories. The company offers hardwood species; waterproof vinyl planks, engineered hardwood, laminate, bamboo, porcelain tile and cork products; and flooring upgrades and accessories, including moldings, underlayments, adhesives and tools under the Bellawood and Coreluxe brands.
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