In a report released today, Brian Nagel from Oppenheimer maintained a Hold rating on Lumber Liquidators (LL). The company’s shares closed on Friday at $10.17, close to its 52-week low of $9.13.
Nagel said:
“We look upon the generally weaker than expected Q4 (Dec.) results and initial 2019 guidance that Lumber Liquidators (LL) reported early today as further indication that while the company’s underlying business has stabilized, management continues to struggle to restart meaningfully the LL growth engine. In Q4 (Dec.), comp sales rose just +0.4% and gross margins contracted 30 bps year-on-year. LL is telegraphing the potential for negative same store sales into Q1 (Mar.). We remain optimistic that over time trends at LL could improve, but we view the time horizon for such a potential shift as well beyond the investable horizon for most clients. We maintain our Perform rating on shares.”
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 7.6% and a 61.2% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Capri Holdings Limited, and Dick’s Sporting Goods.
Lumber Liquidators has an analyst consensus of Hold, with a price target consensus of $10.75, which is a 5.7% upside from current levels. In a report issued on March 12, Stifel Nicolaus also maintained a Hold rating on the stock.
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Based on Lumber Liquidators’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $5.92 million. In comparison, last year the company had a net profit of $2.99 million.
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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.
