Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Free Report) – Telsey Advisory Group decreased their Q3 2023 EPS estimates for shares of Lulu’s Fashion Lounge in a report issued on Wednesday, August 9th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn ($0.06) per share for the quarter, down from their previous forecast of $0.04. Telsey Advisory Group currently has a “Market Perform” rating and a $3.00 target price on the stock. The consensus estimate for Lulu’s Fashion Lounge’s current full-year earnings is ($0.18) per share. Telsey Advisory Group also issued estimates for Lulu’s Fashion Lounge’s Q4 2023 earnings at ($0.06) EPS, FY2023 earnings at ($0.33) EPS and FY2024 earnings at ($0.09) EPS.
Other analysts also recently issued reports about the stock. Robert W. Baird downgraded shares of Lulu’s Fashion Lounge from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $4.00 to $3.00 in a report on Wednesday. The Goldman Sachs Group downgraded shares of Lulu’s Fashion Lounge from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $3.75 to $2.40 in a report on Tuesday, July 25th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $3.94.
Lulu’s Fashion Lounge Stock Performance
Shares of NASDAQ LVLU opened at $2.20 on Friday. The company’s fifty day moving average price is $2.54 and its 200 day moving average price is $2.61. Lulu’s Fashion Lounge has a 1 year low of $1.90 and a 1 year high of $8.16. The company has a market capitalization of $88.35 million, a PE ratio of -6.67 and a beta of -0.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 1.19.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) last announced its quarterly earnings results on Tuesday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Lulu’s Fashion Lounge had a negative return on equity of 19.26% and a negative net margin of 3.19%. The firm had revenue of $90.98 million for the quarter, compared to analysts’ expectations of $93.93 million.
Hedge Funds Weigh In On Lulu’s Fashion Lounge
A number of large investors have recently added to or reduced their stakes in LVLU. AWM Investment Company Inc. raised its position in shares of Lulu’s Fashion Lounge by 33.1% in the second quarter. AWM Investment Company Inc. now owns 200,000 shares of the company’s stock valued at $506,000 after buying an additional 49,768 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Lulu’s Fashion Lounge in the second quarter valued at about $79,000. Principal Financial Group Inc. raised its position in shares of Lulu’s Fashion Lounge by 0.5% in the second quarter. Principal Financial Group Inc. now owns 2,216,131 shares of the company’s stock valued at $5,607,000 after buying an additional 11,927 shares during the last quarter. Sweeney & Michel LLC acquired a new stake in shares of Lulu’s Fashion Lounge in the first quarter valued at about $129,000. Finally, Jane Street Group LLC acquired a new stake in shares of Lulu’s Fashion Lounge in the first quarter valued at about $41,000. 51.51% of the stock is currently owned by institutional investors and hedge funds.
About Lulu’s Fashion Lounge
Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's clothing, shoes, and accessories. The company offers dresses, tops, bottoms, wedding dresses, intimates and sleepwear, 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, email, and SMS; and earned and paid media, as well as social media platforms.
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