Stifel Nicolaus Maintains 'Hold' on LL
New York, NY, Dec. 10, 2013 -- Analyst Stifel Nicolaus has maintained its "hold" rating on Lumber Liquidators after the firm updated its guidance for the fourth quarter and provided some initial guidance for 2014.
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The fourth quarter guidance is for sales slightly above the previous guidance with comparable store revenues increasing 15-16% versus the previous guidance of 14-15%.
The new total revenue guidance for the quarter is $252-258 million.
"The company gave some guidance for 2014 that were very much within our range of anticipation and results in very little change to our 2014 EPS estimate," Stifel said.