LL Flooring (NYSE:LL) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

LL Flooring (NYSE:LL – Get Rating) announced its earnings results on Wednesday. The specialty retailer reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03), Briefing.com reports. LL Flooring had a net margin of 3.62% and a return on equity of 16.09%. The business had revenue of $279.03 million for the quarter, compared to the consensus estimate of $281.40 million. During the same period in the previous year, the firm earned $0.34 EPS. The firm’s revenue was down 1.6% on a year-over-year basis.

NYSE:LL opened at $12.94 on Friday. The business’s 50-day moving average price is $14.75 and its 200 day moving average price is $15.85. LL Flooring has a 52-week low of $12.31 and a 52-week high of $26.50. The firm has a market cap of $386.91 million, a P/E ratio of 10.78 and a beta of 2.18.

Several equities research analysts recently weighed in on the stock. StockNews.com initiated coverage on shares of LL Flooring in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of LL Flooring from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 27th.

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its holdings in LL Flooring by 312.7% during the 4th quarter. Millennium Management LLC now owns 432,879 shares of the specialty retailer’s stock worth $7,389,000 after buying an additional 327,984 shares during the period. BlackRock Inc. raised its holdings in shares of LL Flooring by 5.0% during the fourth quarter. BlackRock Inc. now owns 4,794,837 shares of the specialty retailer’s stock valued at $81,847,000 after acquiring an additional 228,267 shares during the period. Morgan Stanley lifted its position in shares of LL Flooring by 66.3% in the 2nd quarter. Morgan Stanley now owns 315,206 shares of the specialty retailer’s stock valued at $6,651,000 after acquiring an additional 125,708 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in LL Flooring by 540.2% in the 4th quarter. JPMorgan Chase & Co. now owns 133,772 shares of the specialty retailer’s stock worth $2,284,000 after purchasing an additional 112,876 shares during the period. Finally, State Street Corp grew its position in LL Flooring by 12.2% during the 4th quarter. State Street Corp now owns 987,029 shares of the specialty retailer’s stock worth $16,849,000 after purchasing an additional 107,177 shares in the last quarter. 86.33% of the stock is owned by institutional investors and hedge funds.

About LL Flooring (Get Rating)

LL Flooring 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; waterproof vinyl plank, engineered hardwood, laminate, bamboo, porcelain tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools under the Bellawood and Coreluxe brand names.

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