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

StockNews.com started coverage on shares of LL Flooring (NYSE:LL) in a research note published on Thursday. The brokerage issued a sell rating on the specialty retailer’s stock.

LL Flooring Trading Up 0.6 %

Shares of NYSE:LL opened at $1.66 on Thursday. LL Flooring has a 12 month low of $1.46 and a 12 month high of $5.52. The business’s 50 day simple moving average is $1.79 and its 200-day simple moving average is $2.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.54 and a quick ratio of 0.12.

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

Institutional Investors Weigh In On LL Flooring

Hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new stake in shares of LL Flooring during the 3rd quarter valued at about $29,000. Innovis Asset Management LLC purchased a new stake in shares of LL Flooring during the 3rd quarter valued at about $87,000. Jump Financial LLC raised its holdings 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 valued at $107,000 after buying an additional 7,228 shares during the period. Sierra Summit Advisors LLC purchased a new stake in shares of LL Flooring during the 4th quarter valued at about $266,000. Finally, Values First Advisors Inc. increased its holdings in LL Flooring by 18.7% during the 3rd quarter. Values First Advisors Inc. now owns 121,637 shares of the specialty retailer’s stock worth $386,000 after purchasing an additional 19,165 shares during the last quarter. 54.33% of the stock is currently owned by hedge funds and other 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.