LL Flooring (NYSE:LL) Given New $1.00 Price Target at Loop Capital

LL Flooring (NYSE:LL) had its target price decreased by Loop Capital from $2.00 to $1.00 in a report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price objective would indicate a potential downside of 30.07% from the stock’s previous close.

Separately, StockNews.com assumed coverage on LL Flooring in a research report on Tuesday, June 11th. They issued a “sell” rating for the company.

LL Flooring Stock Down 4.7 %

Shares of LL Flooring stock opened at $1.43 on Monday. The stock has a market capitalization of $43.73 million, a P/E ratio of -0.34 and a beta of 1.73. 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 stock has a 50 day moving average price of $1.56 and a two-hundred day moving average price of $2.17. LL Flooring has a 12-month low of $1.31 and a 12-month high of $4.85.

LL Flooring (NYSE:LL) last posted its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported ($1.04) earnings per share for the quarter. LL Flooring had a negative net margin of 14.30% and a negative return on equity of 64.43%. The business had revenue of $188.49 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System acquired a new position in LL Flooring during the first quarter worth $29,000. Gladius Capital Management LP acquired a new position in LL Flooring during the third quarter worth $29,000. Jump Financial LLC raised its stake in LL Flooring by 36.0% during the fourth quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock worth $107,000 after acquiring an additional 7,228 shares in the last quarter. Sierra Summit Advisors LLC acquired a new position in LL Flooring during the fourth quarter worth $266,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in LL Flooring during the fourth quarter worth $441,000. 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.