KeyBanc Downgrades Lumber Liquidators (LL) to Hold; Valuation Call After Run

July 3, 2012 7:03 AM EDT Send to a Friend
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Price: $63.59 +1.74%

Rating Summary:
    8 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 17 | New: 2
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KeyBanc downgraded Lumber Liquidators (NYSE: LL) from Buy to Hold.

Analyst, Bradley B. Thomas, said, "Over the last several years, we have remained bulls on the underlying business, management team, and growth opportunity; however, with the stock up 94.9% year-to-date (vs. 8.6% increase in the S&P 500) and valuation essentially at all-time highs (at a P/E of 27x 2012 and 22x 2013), we now believe the risk/reward is more balanced."

Thomas raises FY12 EPS estimate from $1.22 to $1.28 and FY13 from $1.44 to $1.54.

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 $34.42 yesterday.


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