Lumber Liquidators (LL): Patience Required But Comps Turn Positive - Jefferies

November 1, 2016 7:42 AM EDT
Get Alerts LL Hot Sheet
Price: $18.20 +1.28%

Rating Summary:
    5 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 18 | New: 19
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Jefferies analyst, Daniel Binder, reiterated his Buy rating on shares of Lumber Liquidators (NYSE: LL) and raised his price target to $14.50 from $13.60 after comps turned positive for the first time in almost 3 years, but GM% disappointed and SG&A costs took a step up in advertising and payroll.

Price and mix shifts continue to help margins, but growth in lower-GM% installation services and expenses related to assortment refresh are keeping margin expansion in check in the near term. Investors will have to remain patient as management works toward a balance of sales growth and profitability.

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 $15.51 yesterday.



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