The company said sales prices inched higher, but the number of customers invoiced for flooring fell nearly 8 percent. It also said the products it had in stores didn’t seem to have matched up with consumer trends in the period, decreasing demand for certain product categories.
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In April Lumber Liquidators Holdings Inc. agreed to pay $2.5 million to settle charges it violated clean air rules in California.
The company’s shares fell almost 6 percent in light premarket trading. Six analysts surveyed by Zacks expected $238.4 million.
The company said a 7.2% decline in comparable-store sales hurt its top-line results for the quarter. For the stock price target value has been calculated at $12.73 based on calls of 7 experts.
Lumber Liquidators reported earnings of 45 cents per share, beating analysts estimates of 25 cents per share. Topeka Capital Markets initiated coverage on Lumber Liquidators Holdings in a research report on Monday, May 23rd.
Over the last twelve months Lumber Liquidators Holdings’s share price has decreased from 18.96 to 15.1, changing by -20.36%. They set a “sell” rating and a $9.00 price target on the stock. Shares of Lumber Liquidators Holdings Inc (NYSE:LL) now have an ABR of 3.22, derived from a total of 9 opinions. Lumber Liquidators Holdings has a 52-week low of $10.01 and a 52-week high of $21.74. Netols Asset Management Inc. raised its stake in Lumber Liquidators Holdings by 40.0% in the fourth quarter.
The companies 50 day moving average is 15.72 and its 200 day moving average is 13.62. Total debt to equity ratio of the company for most recent quarter is 0.00 whereas long term debt to equity ratio for most recent quarter is 0.00.
Lumber Liquidators Holdings (NYSE:LL) last posted its earnings results on Wednesday, July 27th.
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Lumber Liquidators Holdings Inc’s quarterly sales fell for the fifth straight quarter as the company struggles to convince customers its hardwood flooring is safe amid fears that some of its products could cause cancer.
