Oppenheimer Remains a Buy on Lumber Liquidators

Oppenheimer analyst Brian Nagel maintained a Buy rating on Lumber Liquidators (NYSE: LL) today. The company’s shares closed yesterday at $21.48, close to its 52-week low of $19.41.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 4.0% and a 58.7% success rate. Nagel covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Dick’s Sporting Goods, and Advance Auto Parts.

Currently, the analyst consensus on Lumber Liquidators is Hold and the average price target is $24.86, representing a 15.7% upside.

In a report issued on May 1, Loop Capital Markets also reiterated a Buy rating on the stock with a $30 price target.

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Based on Lumber Liquidators’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.97 million. In comparison, last year the company had a GAAP net loss of $26.37 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.