Lulu’s Fashion Lounge (NASDAQ:LVLU) PT Lowered to $2.00

Posted by Tyrone Williams on Aug 2nd, 2024

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) had its price target lowered by equities research analysts at Telsey Advisory Group from $3.00 to $2.00 in a note issued to investors on Friday, Briefing.com reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 25.79% from the company’s current price.

Lulu’s Fashion Lounge Stock Up 1.3 %

Lulu’s Fashion Lounge stock opened at $1.59 on Friday. The business has a fifty day moving average of $1.77 and a two-hundred day moving average of $1.74. The firm has a market cap of $65.71 million, a P/E ratio of -3.18 and a beta of 0.25. Lulu’s Fashion Lounge has a twelve month low of $1.05 and a twelve month high of $2.84.

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Lulu’s Fashion Lounge had a negative return on equity of 31.36% and a negative net margin of 5.70%. The company had revenue of $77.26 million for the quarter, compared to analysts’ expectations of $85.60 million. Equities analysts expect that Lulu’s Fashion Lounge will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Victory Capital Management Inc. purchased a new position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 32,856 shares of the company’s stock, valued at approximately $61,000. Victory Capital Management Inc. owned 0.08% of Lulu’s Fashion Lounge as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 73.79% of the company’s stock.

About Lulu’s Fashion Lounge

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Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's apparel, footwear, and accessories. The company offers formals, casuals, dresses, tops, bottoms, wedding dresses, rompers and jumpsits, intimates and sleepwear, swimwear, shoes, and accessories under the Lulus brand.