LL Flooring Holdings, Inc. (NYSE:LL – Get Rating) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,790,000 shares, an increase of 11.9% from the August 15th total of 1,600,000 shares. Approximately 6.3% of the company's stock are sold short. Based on an average daily volume of 249,900 shares, the days-to-cover ratio is presently 7.2 days.
Insider Buying and Selling at LL Flooring
In other news, Director Famous P. Rhodes purchased 6,635 shares of the company's stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of $9.86 per share, with a total value of $65,421.10. Following the completion of the transaction, the director now owns 31,625 shares of the company's stock, valued at approximately $311,822.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.59% of the company's stock.
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Institutional Investors Weigh In On LL Flooring
A number of institutional investors have recently modified their holdings of LL. WINTON GROUP Ltd increased its position in shares of LL Flooring by 16.6% in the first quarter. WINTON GROUP Ltd now owns 42,043 shares of the specialty retailer's stock worth $589,000 after purchasing an additional 5,987 shares during the period. SummerHaven Investment Management LLC raised its position in shares of LL Flooring by 4.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 46,358 shares of the specialty retailer's stock valued at $650,000 after buying an additional 2,007 shares in the last quarter. Values First Advisors Inc. lifted its holdings in shares of LL Flooring by 6.9% during the 1st quarter. Values First Advisors Inc. now owns 22,279 shares of the specialty retailer's stock worth $312,000 after acquiring an additional 1,447 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of LL Flooring by 2.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 33,354 shares of the specialty retailer's stock worth $468,000 after acquiring an additional 881 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in LL Flooring by 123.0% in the first quarter. First Eagle Investment Management LLC now owns 88,120 shares of the specialty retailer's stock valued at $1,235,000 after acquiring an additional 48,610 shares during the last quarter. Institutional investors own 79.45% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded LL Flooring from a "sell" rating to a "hold" rating in a research note on Tuesday, September 13th.
LL Flooring Stock Performance
LL traded down $0.16 on Tuesday, reaching $7.17. The company had a trading volume of 273,208 shares, compared to its average volume of 274,487. The stock has a market cap of $210.35 million, a P/E ratio of 8.33 and a beta of 2.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.13 and a current ratio of 1.58. LL Flooring has a fifty-two week low of $7.00 and a fifty-two week high of $20.35. The company's fifty day moving average is $9.21 and its 200 day moving average is $11.48.
LL Flooring (NYSE:LL – Get Rating) last announced its 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). The firm had revenue of $298.96 million for the quarter, compared to the consensus estimate of $303.00 million. LL Flooring had a return on equity of 9.69% and a net margin of 2.26%. LL Flooring's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. As a group, analysts predict that LL Flooring will post 0.55 earnings per share for the current fiscal year.
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.
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