Lumber Liquidators (LL) Trends Decelerated Further, KeyBanc Notes; Est. Lowered

KeyBanc analyst Bradley Thomas reiterated a Sector Weight rating and lowered estimates on Lumber Liquidators (NYSE: LL) following today's Q1 business update.

"1Q comps were slightly better than our estimate, but gross margin is expected to be worse than prior guidance," Thomas said. "Additionally, sales trends decelerated further in the final weeks of March, making us more cautious on the outlook ahead. We remain on the sidelines as we await further clarity on LL’s legal risk and the corresponding overhang on fundamentals."

The firm lowered 2015 EPS estimate to $1.43 from $1.72 to reflect weaker sales and gross margin expectations.

For an analyst ratings summary and ratings history on Lumber Liquidators click here. For more ratings news on Lumber Liquidators click here.

Shares of Lumber Liquidators closed at $33.01 yesterday.

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