LL Flooring (NYSE:LL) Upgraded at Loop Capital

LL Flooring (NYSE:LL) was upgraded by equities research analysts at Loop Capital from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, FinViz reports. The firm presently has a $2.00 price objective on the specialty retailer’s stock. Loop Capital’s price target suggests a potential upside of 31.15% from the company’s previous close.

Separately, StockNews.com initiated coverage on LL Flooring in a report on Thursday, May 2nd. They set a “sell” rating for the company.

LL Flooring Stock Down 4.7 %

Shares of NYSE LL opened at $1.53 on Thursday. The stock has a 50 day moving average price of $1.75 and a 200 day moving average price of $2.61. The firm has a market capitalization of $46.77 million, a price-to-earnings ratio of -0.42 and a beta of 1.85. LL Flooring has a 52-week low of $1.46 and a 52-week high of $5.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.12 and a current ratio of 1.54.

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

Institutional Investors Weigh In On LL Flooring

A number of institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System purchased a new position in shares of LL Flooring in the first quarter valued at approximately $29,000. Gladius Capital Management LP purchased a new stake in shares of LL Flooring during the third quarter worth $29,000. Innovis Asset Management LLC acquired a new stake in shares of LL Flooring in the third quarter valued at $87,000. Jump Financial LLC boosted its holdings in LL Flooring by 36.0% in the fourth quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock valued at $107,000 after purchasing an additional 7,228 shares during the period. Finally, Sierra Summit Advisors LLC acquired a new position in LL Flooring during the 4th quarter worth $266,000. 54.33% of the stock is currently owned by institutional investors and hedge funds.

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.