Form 8-K Lumber Liquidators Holdi For: Apr 23
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Go back to Form 8-K Lumber Liquidators Holdi For: Apr 23
April 30, 2015 6:41 AM EDT
Piper Jaffray analyst Peter J. Keith lowered his price target on Neutral-rated Lumber Liquidators (NYSE: LL) to $30.00 (from $37.00) following a "messy" quarter with ongoing regulatory risk.
Keith commented, "We are maintaining our Neutral rating and lowering our price target from $37 to $30, based on 18x... More
April 29, 2015 6:12 AM EDT
Lumber Liquidators (NYSE: LL) reported Q1 EPS of ($0.29), $0.45 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $260 million versus the consensus estimate of $258.01 million.
In comparable stores, net sales for the quarter decreased 1.8% in comparison to the first quarter of 2014, due to a 6.2% decrease in the average sale, partially offset by a 4.4% increase in the number of customers invoiced. In the month of March 2015, net sales at comparable stores decreased 17.8% due to a 6.5% decrease in the average sale and an 11.3% decrease in the number of customers... More
