Canaccord Genuity Reiterates a 'Buy' on Lumber Liquidators (LL); Expect Sustained Same-Store Sales Momentum
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Price: $89.91 +2.75%
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade LL Now!
Canaccord Genuity reiterates a 'Buy' on Lumber Liquidators (NYSE: LL) price target of $35.00.
Analyst, Laura Champine, said, "We remain confident that LL will sustain SSS momentum and continue to reap margin benefits from ongoing sourcing initiatives...We believe Q1 SSS growth was not weather driven, and we expect LL’s value proposition and expanded marketing efforts to fuel continued momentum. Sourcing initiatives should drive margin expansion, and we think there is an opportunity for incremental cost savings overseas. LL’s low-cost store model presents the opportunity for the company to accelerate store growth in the near term."
Champine maintains FY12/13 EPS estimate at $1.25/1.56, but above consensus.
For an analyst ratings summary and ratings history on Lumber Liquidators click here. For more ratings news on Lumber Liquidators click here.
Shares of Lumber Liquidators closed at $33.33 yesterday, with a 52 week range of $13.43-$33.69.
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Analyst, Laura Champine, said, "We remain confident that LL will sustain SSS momentum and continue to reap margin benefits from ongoing sourcing initiatives...We believe Q1 SSS growth was not weather driven, and we expect LL’s value proposition and expanded marketing efforts to fuel continued momentum. Sourcing initiatives should drive margin expansion, and we think there is an opportunity for incremental cost savings overseas. LL’s low-cost store model presents the opportunity for the company to accelerate store growth in the near term."
Champine maintains FY12/13 EPS estimate at $1.25/1.56, but above consensus.
For an analyst ratings summary and ratings history on Lumber Liquidators click here. For more ratings news on Lumber Liquidators click here.
Shares of Lumber Liquidators closed at $33.33 yesterday, with a 52 week range of $13.43-$33.69.
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