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"LL's business model provides competitive advantages," Canaccord analysts wrote in a report Tuesday. "Stores are relatively low-cost, and direct vendor relationships result in compelling values. LL's selection is wider, and we believe product quality and service is better than the competition."
Shares of Lumber Liquidators hit a 52-week high of $30.12 on Wednesday. The stock's 52-week low of $13.43 was set on Sept. 6.
Lumber Liquidators trades at an estimated price-to-earnings ratio for next year of 20.52 times; the average for home-improvement retailers is 14.99. For comparison,
Home Depot(HD) has a slightly lower forward P/E of 14.79.
Seven of the 13 analysts who cover Lumber Liquidators rated it hold. Five analysts gave the stock a buy rating and one rated it sell.
The stock has risen 68.52% year to date.