BlackRock Fund Advisors has recently announced that it has increased stake in LL Flooring Holdings Inc. (NYSE:LL) by 1.66%. After grabbing 1.89 million shares, the institutional investor is now in possession of 30901.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 6.47% having worth around $6.23 million. Moreover, The Vanguard Group, Inc. increased its share by 75920.0 to have a control over 1.72 million shares. And D. E. Shaw & Co. LP raised its holdings to 0.34 million shares by acquiring 1.4 million shares or 4.78% of the stake.
LL Flooring Holdings Inc. (LL) concluded trading on 05/25/23 at a closing price of $4.26, with 2.64 million shares of worth about $11.23 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.40% during that period and on Thursday the price saw a gain of about 10.94%. Currently the company’s common shares owned by public are about 28.72M shares, out of which, 28.58M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the LL stock and their offered price forecasts bring an average price target of $3.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.00 and could fall to a lowest price of $3.00. The stock’s current price level is -42.0% below of average price target set by the analysts, while a dip to estimated low would result in loss of -42.0% for the stock. However, touching the estimated high of $3.00 would mean a loss of -42.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 35 times over the past 12 months. They bought 167,868 shares in 20 of the transactions. In 15 selling transactions, insiders dumped 18,827 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in LL Flooring Holdings Inc. Vanguard Total Stock Market ETF is currently holding 1.14 million shares of worth totaling $3.75 million. The company recently came buying 0.0 shares which brought its stake up to 3.90% of the company’s outstanding shares. iShares Russell 2000 ETF sold 9120.0 shares, after which its hold over company’s outstanding shares shrunk to 2.13%, leaving 0.62 million shares with the mutual fund that have a worth of about $2.05 million. Vanguard Extended Market Index Fu, after buying 0.43 million shares, have now control over 1.48% of the stake in the company. It holds 0.0 shares of worth $1.42 million.
LL Flooring Holdings Inc. (NYSE: LL) started trading at $4.10, above $0.26 from concluding price of the previous day. However, the stock later moved at a day high price of 4.8700, or with a gain of 10.94%. Stock saw a price change of 13.00% in past 5 days and over the past one month there was a price change of 32.30%. Year-to-date (YTD), LL shares are showing a performance of -24.20% which decreased to -60.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.75 but also hit the highest price of $12.52 during that period. The average intraday trading volume for LL Flooring Holdings Inc. shares is 689.96K. The stock is currently trading 20.37% above its 20-day simple moving average (SMA20), while that difference is up 21.37% for SMA50 and it goes to -29.38% lower than SMA200.
BlackRock Fund Advisors acquired 1.89 million shares of LL Flooring Holdings Inc. having value of about $6.23 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 30901.0 shares in the company valued at close to $131638.26, or have control over 1.66% stake in the company. LL Flooring Holdings Inc. (NYSE: LL) currently have 28.72M outstanding shares and institutions hold larger chunk of about 78.50% of that. Holding of mutual funds in the company is about 24.43% while other institutional holders and individual stake holders have control over 37.73% and 17.33% of the stake respectively.
The stock has a current market capitalization of $125.63M and its 3Y-monthly beta is at 2.13. It has posted earnings per share of -$0.93 in the same period. It has Quick Ratio of 0.20 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LL, volatility over the week remained 9.72% while standing at 7.24% over the month.
Analysts are in expectations that LL Flooring Holdings Inc. (LL) stock would likely to be making an EPS of -$0.41 in the current quarter, while forecast for next quarter EPS is -$0.38 and it is -$0.99 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.41 which is -$0.41 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -129.60% while it is estimated to increase by 33.10% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of 21.90% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the LL Flooring Holdings Inc. (LL)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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