State of Tennessee Treasury Department lifted its position in shares of LL Flooring Holdings, Inc. (NYSE:LL – Get Rating) by 17.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,980 shares of the specialty retailer's stock after purchasing an additional 1,664 shares during the quarter. State of Tennessee Treasury Department's holdings in LL Flooring were worth $154,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of LL Flooring by 16.3% during the fourth quarter. Victory Capital Management Inc. now owns 15,027 shares of the specialty retailer's stock worth $257,000 after buying an additional 2,106 shares in the last quarter. Northern Trust Corp boosted its position in shares of LL Flooring by 1.7% during the 4th quarter. Northern Trust Corp now owns 320,378 shares of the specialty retailer's stock valued at $5,469,000 after acquiring an additional 5,357 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of LL Flooring by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 837,385 shares of the specialty retailer's stock valued at $14,294,000 after acquiring an additional 35,372 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in LL Flooring by 112.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 91,345 shares of the specialty retailer's stock valued at $1,559,000 after buying an additional 48,396 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in LL Flooring in the fourth quarter valued at about $178,000. 79.45% of the stock is owned by hedge funds and other institutional investors.
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Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of LL Flooring from a "sell" rating to a "hold" rating in a research report on Friday.
Insider Activity
In related news, Director Famous P. Rhodes acquired 6,635 shares of the company's stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average price of $9.86 per share, for a total transaction of $65,421.10. Following the transaction, the director now owns 31,625 shares in the company, valued at approximately $311,822.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.59% of the company's stock.
LL Flooring Stock Performance
Shares of LL Flooring stock opened at $8.00 on Tuesday. The firm has a market capitalization of $234.70 million, a P/E ratio of 9.09 and a beta of 2.19. LL Flooring Holdings, Inc. has a 52 week low of $7.88 and a 52 week high of $20.96. The company has a quick ratio of 0.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The firm's 50 day moving average is $9.77 and its two-hundred day moving average is $12.19.
LL Flooring (NYSE:LL – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The specialty retailer reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). LL Flooring had a return on equity of 9.69% and a net margin of 2.26%. The company had revenue of $298.96 million for the quarter, compared to analyst estimates of $303.00 million. During the same period in the prior year, the business earned $0.41 earnings per share. LL Flooring's revenue for the quarter was down .8% compared to the same quarter last year. Research analysts forecast that LL Flooring Holdings, Inc. will post 0.55 EPS for the current fiscal year.
About LL Flooring
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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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