StockNews.com upgraded shares of LL Flooring (NYSE:LL – Get Rating) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.
LL Flooring Trading Up 0.3 %
NYSE LL opened at $7.36 on Tuesday. LL Flooring has a 52-week low of $7.00 and a 52-week high of $20.35. 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 stock has a market capitalization of $215.92 million, a P/E ratio of 8.36 and a beta of 2.19. The firm has a 50-day moving average price of $9.26 and a 200 day moving average price of $11.60.
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LL Flooring (NYSE:LL – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The specialty retailer reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.10). LL Flooring had a net margin of 2.26% and a return on equity of 9.69%. The company had revenue of $298.96 million during the quarter, compared to analyst estimates of $303.00 million. During the same quarter last year, the business earned $0.41 EPS. The firm's revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts expect that LL Flooring will post 0.55 EPS for the current year.
Insider Buying and Selling
In other news, Director Famous P. Rhodes purchased 6,635 shares of the business's stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average cost of $9.86 per share, for a total transaction of $65,421.10. Following the transaction, the director now directly owns 31,625 shares of the company's stock, valued at approximately $311,822.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.87% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its position in shares of LL Flooring by 455,990.9% during the second quarter. Federated Hermes Inc. now owns 50,170 shares of the specialty retailer's stock worth $470,000 after purchasing an additional 50,159 shares during the period. Thrivent Financial for Lutherans increased its stake in LL Flooring by 23.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 29,257 shares of the specialty retailer's stock worth $274,000 after purchasing an additional 5,577 shares during the period. State Street Corp boosted its position in shares of LL Flooring by 3.2% during the second quarter. State Street Corp now owns 1,050,866 shares of the specialty retailer's stock valued at $9,847,000 after purchasing an additional 32,400 shares in the last quarter. Renaissance Technologies LLC bought a new stake in LL Flooring in the second quarter worth $128,000. Finally, River & Mercantile Asset Management LLP raised its stake in shares of LL Flooring by 4.4% in the second quarter. River & Mercantile Asset Management LLP now owns 105,104 shares of the specialty retailer's stock worth $984,000 after purchasing an additional 4,424 shares during the last quarter. Institutional investors and hedge funds own 79.45% of the company's stock.
LL Flooring Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on LL Flooring (LL)
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