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

Stock analysts at StockNews.com began coverage on shares of LL Flooring (NYSE:LL) in a research report issued on Sunday. The brokerage set a “sell” rating on the specialty retailer’s stock.

Separately, Loop Capital raised shares of LL Flooring from a “sell” rating to a “hold” rating and set a $2.00 price objective on the stock in a research report on Thursday, May 9th.

LL Flooring Price Performance

Shares of LL stock opened at $1.70 on Friday. LL Flooring has a 12-month low of $1.46 and a 12-month high of $5.52. The firm has a market capitalization of $52.12 million, a price-to-earnings ratio of -0.40 and a beta of 1.85. The company has a quick ratio of 0.13, a current ratio of 1.55 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average of $1.67 and a 200-day moving average of $2.48.

LL Flooring (NYSE:LL) last announced its quarterly earnings results on Friday, March 1st. The specialty retailer reported ($0.64) earnings per share (EPS) for the quarter. LL Flooring had a negative net margin of 14.30% and a negative return on equity of 64.43%. The firm had revenue of $211.78 million during the quarter.

Institutional Investors Weigh In On LL Flooring

Institutional investors and hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System bought a new stake in shares of LL Flooring in the 1st quarter valued at about $29,000. Gladius Capital Management LP acquired a new position in LL Flooring in the 3rd quarter valued at about $29,000. Innovis Asset Management LLC acquired a new position in LL Flooring in the 3rd quarter valued at about $87,000. Jump Financial LLC grew its stake in LL Flooring by 36.0% in the 4th quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 7,228 shares during the last quarter. Finally, Sierra Summit Advisors LLC acquired a new position in LL Flooring in the 4th quarter valued at about $266,000. 54.33% of the stock is owned by institutional investors.

LL Flooring Company Profile

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.