Zacks Issues 'Strong Sell' on Lumber Liquidators
New York, NY, June 20, 2014 -- Zacks Investment Research has downgraded shares of Lumber Liquidators to a Strong Sell.
Lumber Liquidators has issued sharp downward estimate revisions over the last 60 days.
Although net sales rose 6.9% over the last year to $246.3 million, they fell short of the Zacks Consensus Estimate of $263 million.
In addition, comparable-store net sales decreased 0.6%, much of it due to harsh winter weather.
However, Lumber Liquidators has maintained its earnings and sales guidance for 2014, which apparently wasn't enough to sway Zacks.