CPSC Actively Investigating Lumber Liquidators (LL) : Report

CNBC confirms the U.S. Consumer Product Safety Commission [CPSC] is investigating laminate products made by Lumber Liquidators Inc (LL). CPSC Chairman Elliot Kaye was quoted as saying the agency is actively investigating the Chinese laminate flooring in question from the retailer, and that Lumber Liquidators is cooperating.

LL shares are currently trading higher by 8.26% to $31.21. Approximately 7.4 million shares have already changed hands, well ahead of the name’s three month daily average of 4.3 million shares.

During today’s trading session, the stock opened sharply higher and has oscillated for the majority of the morning between $28.80 to $31.96.

Fundamentally, LL shows the following financial data:

  • $20.29 million in cash in most recent quarter
  • $493.46 million t-12 total assets
  • $332.05 million total equity
  • $1.05 billion t-12 revenue
  • $63.37 million annual net income
  • ($14.05) million free cash flow

On valuation measures, Lumber Liquidators Holdings Inc. shares have a T-12 price/sales ratio of 0.75 and a price/book for the same period of 2.35. EPS is $2.31. The name has a market cap of $844.83 million and a median Wall Street price target of $40.00 with a high target of $50.00. Currently there are 3 analysts that rate LL a ‘Buy’, 12 rate it a ‘Hold’. No analyst rates it a ‘Sell’.

In terms of share statistics, Lumber Liquidators Holdings Inc. has a total of 27.07 million shares outstanding with 3.99% held by insiders. The stock’s short interest currently stands at 24.66%, bringing the total number of shares sold short to 6.47 million.

Shares of the Toano Virginia-based company are down 67% year-over-year and 53% year-to-date.

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