Lumber Liquidators Holdings Inc (NYSE:LL), the largest specialty retailer of hardwood flooring in North America, today announced two appointments to its senior management team. Martin “Marty” Agard will join the Company as Chief Financial Officer, and Christopher Thomsen has joined as a Senior Vice President and Chief Information Officer. Interim CFO Greg Whirley will remain with the Company in his role as Senior Vice President, Finance.
John Presley, Chief Executive Officer, commented, “We are pleased to welcome Marty Agardto Lumber Liquidators as Chief Financial Officer. Marty brings over three decades of experience in leveraging financial acumen to enhance company performance. His track record of organizational revitalization and turnaround expertise is an asset for Lumber Liquidators as we continue to progress on our strategic priorities and position the Company for growth. We are also excited to have Chris Thomsen join us in the position of Chief Information Officer. His expertise in facilitating business transformation through effective IT management represents a step forward for our team as we seek to modernize internal systems within our corporate function and across our store network.
Presley continued, “We also thank Greg Whirley for his contributions and commitment to Lumber Liquidators as interim CFO over the last 15 months. His diligence in execution has aided us at a challenging point in Lumber Liquidators’ history. I look forward to continuing to work with Greg and have great confidence that his future contributions will be integral to our success.”
Mr. Agard joins Lumber Liquidators from Kohler Company, where he most recently served as Chief Financial Officer. During his tenure at Kohler, he successfully executed on a number of restructurings and was able to streamline the financial function to optimize performance. Prior to his role at Kohler, Mr. Agard held finance, treasury and controller roles at Georgia Pacific Corporation, as well as financial roles at Procter & Gamble and Eastman Kodak. Mr. Agard holds an M.B.A. from the University of Michigan and a B.S. in Chemistry and Economics from William & Mary.
Mr. Thomsen joins the Company from Hibbett Sports, Inc., where he most recently served as Vice President and Chief Information Officer. He brings extensive experience in corporate IT solutions and planning, business intelligence and human capital management systems. Prior to Hibbett, Mr. Thomsen held IT roles of increasing responsibility at ConAgra Foods, Lowe’s and APAC Customer Services. He earned a B.S. in Business Administration from Bellevue University. (Original Source)
Shares of Lumber Liquidators closed today at $15.67, down $0.42 or -2.61%. LL has a 1-year high of $21.74 and a 1-year low of $10.01. The stock’s 50-day moving average is $16.02 and its 200-day moving average is $14.27.
On the ratings front, Lumber has been the subject of a number of recent research reports. In a report issued on July 28, Wedbush analyst Seth Basham reiterated a Hold rating on LL, with a price target of $15, which represents a slight downside potential from current levels. Separately, on the same day, Suntrust Robinson Humphrey’s Keith Hughes reiterated a Hold rating on the stock and has a price target of $10.00.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Seth Basham and Keith Hughes have a total average return of 16.0% and 8.8% respectively. Basham has a success rate of 60.5% and is ranked #394 out of 4147 analysts, while Hughes has a success rate of 57% and is ranked #1067.
Lumber Liquidators Holdings, Inc. is a multi channel specialty retailer of hardwood flooring and hardwood flooring enhancements and accessories in the U.S. It offers exotic and domestic hardwood species, engineered hardwood, laminate, vinyl plank, bamboo and cork direct to the consumer. The company also provides a wide selection of flooring enhancements and accessories, including moldings, noise reducing underlay, adhesives and flooring tools.