Analyst Keeps Sell Rating on Lumber Liquidators
New York, NY, Feb. 21, 2013 -- Analyst Stifel Nicolaus has maintained its "sell" rating on shares of Lumber Liquidators despite what it calls an "outstanding" fourth quarter for the retailer.
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"We find the shares overvalued unless the company can execute flawlessly its longer term growth plans," the firm said.
Sales on a comparable basis increased 13.2% and beat all estimates handily, Stifel said.
"We believe that the momentum investors in the stock will grow impatient at some point during the year with slowing revenue and comparable store sales results that seem inevitable given the tremendous results the company has achieved in 2012," Stifel said.