Wedbush Maintains Lumber Liquidators Holdings Inc to Neutral with Price Target $5.00

Brokerage firm Wedbush Maintains its rating on Lumber Liquidators Holdings Inc(NYSE:LL). In a research note issued to the investors, the brokerage major Raises the price-target to $5.00 per share. The shares have been rated Neutral. The rating by Wedbush was issued on Jul 28, 2016.

Lumber Liquidators Holdings Inc (LL) shares turned negative on Thursdays trading session with the shares closing down -0.39 points or -2.50% at a volume of 7,61,238. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.85. The peak price level was also seen at $15.85 while the days lowest was $15.2. Finally the shares closed at $15.22. The 52-week high of the shares is $21.74 while the 52-week low is $10.01. According to the latest information available, the market cap of the company is $413 M.

Lumber Liquidators Holdings Inc(LL) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $238.09M. Analysts had an estimated revenue of $240.56M. Earnings per share were $-0.45. Analysts had estimated an EPS of $-0.25.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Macon F Jr Brock (director) purchased 1,000 shares at $28.17 per share price.

Lumber Liquidators Holdings Inc. (Lumber Liquidators) is a retailer of hardwood flooring and hardwood flooring enhancements and accessories in North America. The Company’s product categories include Solid and Engineered Hardwood; Laminate; Bamboo Cork and Vinyl Plank and Moldings and Accessories. The Company sells its products primarily to homeowners or to contractors on behalf of homeowners. The Company offers wood flooring under18 brand names led by Bellawood a collection of solid and engineered hardwood flooring bamboo flooring moldings and accessories. The Company also offers a range of flooring enhancements and installation accessories including moldings noise-reducing underlay and tools. It offers around 400 different flooring product stock-keeping units. As of February 23 2015 Lumber Liquidators operated around 354 stores located in 46 states of the United States and nine store locations in Canada.

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