LL Flooring (NYSE:LL) Cut to “Sell” at Zacks Investment Research

LL Flooring (NYSE:LLGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “LL Flooring Holdings Inc. provides specialty retailers of hard-surface flooring. 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, Va. “

Separately, StockNews.com initiated coverage on LL Flooring in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

NYSE:LL opened at $12.38 on Tuesday. LL Flooring has a 1-year low of $11.89 and a 1-year high of $26.50. The firm has a market capitalization of $370.16 million, a price-to-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:LLGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The specialty retailer reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). LL Flooring had a net margin of 3.06% and a return on equity of 13.10%. The company had revenue of $279.03 million during the quarter, compared to analyst estimates of $281.40 million. During the same quarter last year, the business earned $0.34 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts anticipate that LL Flooring will post 1.12 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in LL. Morgan Stanley increased its stake in 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 buying an additional 125,708 shares during the period. Victory Capital Management Inc. increased its stake in LL Flooring by 24.9% in the 3rd quarter. Victory Capital Management Inc. now owns 12,921 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 2,574 shares during the period. PNC Financial Services Group Inc. increased its stake in LL Flooring by 41.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,038 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 593 shares during the period. Barclays PLC increased its stake in LL Flooring by 32.9% in the 3rd quarter. Barclays PLC now owns 44,246 shares of the specialty retailer’s stock 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’s stock valued at $334,000 after buying an additional 1,793 shares during the period. Hedge funds and other institutional investors own 86.33% of the company’s stock.

LL Flooring Company Profile (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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