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Short Interest in LL Flooring Holdings, Inc. (NYSE:LL) Expands By 11.9%

kopsource ·  Sep 19, 2022 16:01

LL Flooring Holdings, Inc. (NYSE:LL – Get Rating) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,790,000 shares, a growth of 11.9% from the August 15th total of 1,600,000 shares. Based on an average daily volume of 249,900 shares, the days-to-cover ratio is currently 7.2 days. Currently, 6.3% of the company's shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com raised LL Flooring from a "sell" rating to a "hold" rating in a research report on Tuesday, September 13th.

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Insiders Place Their Bets

In other news, Director Famous P. Rhodes acquired 6,635 shares of LL Flooring stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $9.86 per share, for a total transaction of $65,421.10. Following the acquisition, the director now directly owns 31,625 shares of the company's stock, valued at approximately $311,822.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LL Flooring

Several institutional investors and hedge funds have recently modified their holdings of LL. Allspring Global Investments Holdings LLC acquired a new position in shares of LL Flooring during the 2nd quarter worth approximately $39,000. Captrust Financial Advisors boosted its holdings in shares of LL Flooring by 66.2% during 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 during the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of LL Flooring by 96.5% during 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 during the last quarter. Renaissance Technologies LLC acquired a new position in LL Flooring in the second quarter valued at approximately $128,000. Finally, State of Tennessee Treasury Department lifted its holdings in LL Flooring by 17.9% in the first quarter. State of Tennessee Treasury Department now owns 10,980 shares of the specialty retailer's stock valued at $154,000 after acquiring an additional 1,664 shares during the last quarter. Hedge funds and other institutional investors own 79.45% of the company's stock.

LL Flooring Stock Performance

Shares of NYSE LL traded down $0.06 during trading on Monday, reaching $7.30. 12,677 shares of the company traded hands, compared to its average volume of 274,380. The firm's fifty day simple moving average is $9.26 and its 200 day simple moving average is $11.54. The stock has a market cap of $214.16 million, a P/E ratio of 8.36 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 company has a current ratio of 1.58, a quick ratio of 0.13 and a debt-to-equity ratio of 0.05.

LL Flooring (NYSE:LL – Get Rating) last released its quarterly earnings data 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 company 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 business's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, research analysts anticipate 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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