LL Flooring (NYSE:LL – Get Rating) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Wednesday.
LL Flooring Trading Down 2.2 %
LL stock opened at $7.17 on Wednesday. The company has a market capitalization of $210.35 million, a PE ratio of 8.15 and a beta of 2.19. LL Flooring has a 12 month low of $7.00 and a 12 month high of $20.35. The firm's 50-day moving average is $9.15 and its 200 day moving average is $11.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 0.13.
Get
LL Flooring alerts:
LL Flooring (NYSE:LL – Get Rating) last posted its earnings results on Wednesday, August 3rd. The specialty retailer reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.10). The business had revenue of $298.96 million for the quarter, compared to analysts' expectations of $303.00 million. LL Flooring had a net margin of 2.26% and a return on equity of 9.69%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. On average, research analysts anticipate that LL Flooring will post 0.55 EPS for the current year.
Insider Buying and Selling at LL Flooring
In other LL Flooring news, Director Famous P. Rhodes bought 6,635 shares of the business's stock in a transaction on Monday, August 8th. The shares were acquired at an average price of $9.86 per share, with a total value of $65,421.10. Following the transaction, the director now owns 31,625 shares of the company's stock, valued at approximately $311,822.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.59% of the company's stock.
Institutional Trading of LL Flooring
A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in LL Flooring in the 2nd quarter worth approximately $39,000. Captrust Financial Advisors boosted its stake in LL Flooring by 66.2% in the 1st quarter. Captrust Financial Advisors now owns 2,767 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 1,102 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in LL Flooring by 96.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,457 shares of the specialty retailer's stock worth $89,000 after purchasing an additional 3,171 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in LL Flooring in the 2nd quarter worth approximately $128,000. Finally, State of Tennessee Treasury Department boosted its stake in LL Flooring by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 10,980 shares of the specialty retailer's stock worth $154,000 after purchasing an additional 1,664 shares in the last quarter. 79.45% of the stock is currently owned by institutional investors.
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.
See Also
- Get a free copy of the StockNews.com research report on LL Flooring (LL)
- 3 Airline Stocks Stuck in a Holding Pattern
- Roku Stock is Down but Not Out
- If You're Hungry for Value, Take a Bite on Ruth's Hospitality Grp
- Is Ford Rolling To A Rebound After Its Q3 Warning
- Has AMD stock stock fallen too far?
Receive News & Ratings for LL Flooring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LL Flooring and related companies with MarketBeat.com's FREE daily email newsletter.
