Lumber Liquidators Holdings Inc (NYSE:LL) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 8,148,800 shares, a decline of 12.2% from the June 15th total of 9,280,700 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 29.0% of the shares of the stock are sold short.

Several equities analysts recently commented on LL shares. Raymond James reiterated an “average” rating and issued a $16.00 target price on shares of Aeroflex in a research note on Wednesday, May 1st. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.55.

In related news, insider Charles E. Tyson purchased 4,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average cost of $9.90 per share, with a total value of $39,600.00. Following the completion of the acquisition, the insider now directly owns 15,644 shares in the company, valued at approximately $154,875.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royce & Associates LP raised its stake in Lumber Liquidators by 13.6% during the first quarter. Royce & Associates LP now owns 703,079 shares of the specialty retailer’s stock valued at $7,101,000 after buying an additional 84,000 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Lumber Liquidators by 385.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,420 shares of the specialty retailer’s stock valued at $90,000 after buying an additional 7,479 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Lumber Liquidators during the fourth quarter valued at approximately $132,000. BlackRock Inc. raised its stake in Lumber Liquidators by 5.1% during the fourth quarter. BlackRock Inc. now owns 4,749,908 shares of the specialty retailer’s stock valued at $45,219,000 after buying an additional 230,871 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Lumber Liquidators by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 282,350 shares of the specialty retailer’s stock valued at $2,687,000 after buying an additional 16,927 shares in the last quarter. 79.44% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE LL traded up $0.21 on Friday, hitting $10.14. The company had a trading volume of 1,008,955 shares, compared to its average volume of 955,451. Lumber Liquidators has a 12-month low of $8.81 and a 12-month high of $24.68. The company has a 50 day moving average price of $11.05. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.35 and a quick ratio of 0.22. The firm has a market cap of $290.87 million, a price-to-earnings ratio of 17.79, a P/E/G ratio of 0.82 and a beta of 2.09.

Lumber Liquidators (NYSE:LL) last issued its earnings results on Tuesday, April 30th. The specialty retailer reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.03). Lumber Liquidators had a positive return on equity of 6.36% and a negative net margin of 5.26%. The company had revenue of $266.20 million during the quarter, compared to analysts’ expectations of $268.08 million. During the same period in the previous year, the company earned ($0.07) EPS. Lumber Liquidators’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Lumber Liquidators will post 0.45 EPS for the current year.

Lumber Liquidators Company Profile

Lumber Liquidators 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, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood brand.

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