StockNews.com Initiates Coverage on LL Flooring (NYSE:LL)

Equities researchers at StockNews.com initiated coverage on shares of LL Flooring (NYSE:LL) in a note issued to investors on Wednesday. The firm set a “sell” rating on the specialty retailer’s stock.

LL Flooring Stock Performance

Shares of NYSE:LL opened at $1.51 on Wednesday. LL Flooring has a 52 week low of $1.46 and a 52 week high of $5.52. The stock has a market capitalization of $46.41 million, a P/E ratio of -0.42 and a beta of 1.89. The firm has a fifty day simple moving average of $1.85 and a two-hundred day simple moving average of $2.73. The company has a quick ratio of 0.12, a current ratio of 1.54 and a debt-to-equity ratio of 0.42.

LL Flooring (NYSE:LL) last issued its quarterly earnings data on Friday, March 1st. The specialty retailer reported ($0.64) EPS for the quarter. LL Flooring had a negative return on equity of 44.10% and a negative net margin of 11.44%. The business had revenue of $211.78 million during the quarter.

Hedge Funds Weigh In On LL Flooring

Institutional investors and hedge funds have recently made changes to their positions in the business. Sierra Summit Advisors LLC purchased a new position in shares of LL Flooring during the 4th quarter worth about $266,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of LL Flooring during the 4th quarter worth about $441,000. Jump Financial LLC boosted its stake in shares of LL Flooring by 36.0% during the 4th quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock worth $107,000 after purchasing an additional 7,228 shares during the period. Values First Advisors Inc. boosted its stake in shares of LL Flooring by 27.2% during the 4th quarter. Values First Advisors Inc. now owns 154,754 shares of the specialty retailer’s stock worth $604,000 after purchasing an additional 33,117 shares during the period. Finally, Gladius Capital Management LP purchased a new position in shares of LL Flooring during the 3rd quarter worth about $29,000. 54.33% of the stock is owned by hedge funds and other institutional investors.

About LL Flooring

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard and soft surface flooring, and hard and soft surface flooring enhancements and accessories. The company offers hard and soft surface flooring including, waterproof hybrid resilient, waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools, as well as Duravana, a hybrid resilient flooring under the Bellawood, Coreluxe, ReNature by Coreluxe, and Duravana brand names.