Analyst Cuts Lumber Liquidators to 'Sell'

New York, NY, Nov. 13, 2012 -- Analyst Stifel Nicolaus has cut its rating on Lumber Liquidators to sell, based on stock valuation.

"We believe fair value is in the $40 range, or 20 times our 2013 EPS estimate," the firm said.

"This is 26% down-side from last night’s close and based on assumptions that most everything “goes right” fundamentally from here forward."

The stock has risen 212% year to date.

Comparable store sales gains in the last two quarters have been 12.8% and 12.0% and "are not sustainable at those rates," Stifel said.