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Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) had its target price lowered by The Goldman Sachs Group from $8.75 to $5.00 in a research note issued on Monday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 58.23% from the company’s previous close.
Several other research firms have also issued reports on LVLU. Telsey Advisory Group reduced their price objective on shares of Lulu’s Fashion Lounge from $12.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday, November 16th. Cowen lowered shares of Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $8.00 to $5.50 in a research note on Tuesday, November 22nd. KeyCorp reduced their price objective on shares of Lulu’s Fashion Lounge from $10.00 to $7.00 and set an “overweight” rating for the company in a research note on Wednesday, November 16th. Cowen lowered shares of Lulu’s Fashion Lounge from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $8.00 to $5.50 in a research report on Tuesday, November 22nd. Finally, Piper Sandler dropped their price objective on shares of Lulu’s Fashion Lounge from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, August 17th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.25.
Lulu’s Fashion Lounge Stock Down 1.6 %
Shares of NASDAQ:LVLU traded down $0.05 during trading on Monday, reaching $3.16. 100 shares of the company traded hands, compared to its average volume of 187,361. The firm has a fifty day simple moving average of $5.01 and a 200 day simple moving average of $7.91. The firm has a market cap of $123.02 million and a P/E ratio of -0.71. Lulu’s Fashion Lounge has a 1-year low of $2.99 and a 1-year high of $21.29. The company has a quick ratio of 0.42, a current ratio of 1.13 and a debt-to-equity ratio of 0.22.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Rating) last issued its earnings results on Tuesday, November 15th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The company had revenue of $105.28 million for the quarter, compared to analyst estimates of $115.65 million. Lulu’s Fashion Lounge had a net margin of 0.04% and a return on equity of 233.98%. Analysts anticipate that Lulu’s Fashion Lounge will post 0.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Lulu’s Fashion Lounge
Large investors have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new position in Lulu’s Fashion Lounge in the second quarter valued at approximately $45,000. Quantbot Technologies LP acquired a new position in Lulu’s Fashion Lounge in the second quarter valued at approximately $39,000. California State Teachers Retirement System lifted its holdings in Lulu’s Fashion Lounge by 162.4% in the third quarter. California State Teachers Retirement System now owns 6,572 shares of the company’s stock valued at $31,000 after buying an additional 4,067 shares during the period. Boston Partners lifted its holdings in Lulu’s Fashion Lounge by 80.8% in the third quarter. Boston Partners now owns 43,625 shares of the company’s stock valued at $203,000 after buying an additional 19,490 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Lulu’s Fashion Lounge by 39.9% in the third quarter. Russell Investments Group Ltd. now owns 116,592 shares of the company’s stock valued at $542,000 after buying an additional 33,240 shares during the period. 52.14% of the stock is currently owned by institutional investors and hedge funds.
About Lulu’s Fashion Lounge
(Get Rating)
Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's clothing, shoes, and accessories. The company offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, and accessories under the Lulus brand. It sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email, and SMS; and earned and paid media, as well as social media platforms.
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