LL Flooring (NYSE: LL) cut to “sell” at Zacks Investment Research

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LL floors (NYSE: LL – Get a rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “LL Flooring Holdings Inc. supplies specialty retailers of hard surface flooring. The company’s selection includes waterproof vinyl plank flooring, hybrid resilient flooring, solid and engineered hardwood, laminate, bamboo, porcelain tile and cork. LL Flooring Holdings Inc., formerly known as Lumber Liquidators Holdings Inc., is based in RICHMOND, Virginia.”

Separately, StockNews.com began covering LL Flooring in a research note on Thursday, March 31. They have set a “holding” rating on the stock.

Shares of LL opened at $12.38 on Tuesday. The company’s fifty-day moving average price is $14.60 and its 200-day moving average price is $15.72. LL Flooring has a 12 month minimum of $11.89 and a 12 month maximum of $26.50. The stock has a market capitalization of $370.16 million, a PE ratio of 10.32 and a beta of 2.18.

(A d)

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LL floors (NYSE: LL – Get a rating) last reported quarterly earnings data on Wednesday, May 4. The specialty retailer reported earnings per share (EPS) of $0.13 for the quarter, missing the consensus estimate of $0.16 per ($0.03). LL Flooring had a return on equity of 13.10% and a net margin of 3.06%. The company posted revenue of $279.03 million for the quarter, versus a consensus estimate of $281.40 million. In the same quarter last year, the company earned $0.34 per share. The company’s revenue for the quarter was down 1.6% from the same quarter last year. Sell-side analysts expect LL Flooring to post EPS of 1.12 for the current year.

A number of hedge funds and other institutional investors have recently changed their holdings in the company. PNC Financial Services Group Inc. increased its position in LL Flooring by 41.0% in the third quarter. PNC Financial Services Group Inc. now owns 2,038 shares of the specialty retailer worth $37,000 after purchasing an additional 593 shares during the period. Voya Investment Management LLC increased its position in LL Flooring by 2.0% in the third quarter. Voya Investment Management LLC now owns 34,265 shares of the specialty retailer worth $640,000 after purchasing an additional 672 shares during the period. Exchange Traded Concepts LLC increased its position in LL Flooring by 2.7% in the first quarter. Exchange Traded Concepts LLC now owns 33,354 shares of the specialty retailer worth $468,000 after purchasing an additional 881 shares during the period. California State Teachers Retirement System increased its position in LL Flooring by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 40,415 shares of the specialty retailer worth $690,000 after purchasing an additional 952 shares during the period. Finally, Credit Suisse AG increased its position in LL Flooring by 6.8% in the fourth quarter. Credit Suisse AG now owns 21,595 shares of the specialty retailer worth $368,000 after purchasing an additional 1,373 shares during the period. 86.33% of the shares are currently held by hedge funds and other institutional investors.

LL Flooring Company Profile (Get a rating)

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and hard surface flooring upgrades and accessories. The company offers hardwood species; waterproof vinyl planks, engineered hardwood, laminate, bamboo, porcelain tile and cork products; and flooring upgrades and accessories, including moldings, underlays, adhesives and tools under the Bellawood and Coreluxe brands.

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