Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Expected to Announce Earnings of $0.04 Per Share

Brokerages expect Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLUGet Rating) to report $0.04 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Lulu’s Fashion Lounge’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.03. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Lulu’s Fashion Lounge will report full-year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.61. For the next fiscal year, analysts forecast that the business will report earnings of $0.79 per share, with EPS estimates ranging from $0.75 to $0.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Lulu’s Fashion Lounge.

Several research firms recently issued reports on LVLU. Zacks Investment Research raised Lulu’s Fashion Lounge from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research note on Tuesday, April 5th. Cowen reaffirmed a “buy” rating and set a $15.00 price target on shares of Lulu’s Fashion Lounge in a research note on Friday, April 1st. KeyCorp decreased their price objective on Lulu’s Fashion Lounge from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, January 20th. Finally, The Goldman Sachs Group decreased their price objective on Lulu’s Fashion Lounge from $33.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, April 4th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $15.86.

Large investors have recently made changes to their positions in the stock. Kornitzer Capital Management Inc. KS purchased a new position in Lulu’s Fashion Lounge during the 4th quarter valued at about $959,000. Retirement Systems of Alabama purchased a new position in Lulu’s Fashion Lounge during the 4th quarter valued at about $2,813,000. Strs Ohio increased its holdings in Lulu’s Fashion Lounge by 1,584.6% during the 1st quarter. Strs Ohio now owns 21,900 shares of the company’s stock valued at $148,000 after purchasing an additional 20,600 shares during the period. Northern Trust Corp purchased a new position in shares of Lulu’s Fashion Lounge during the 4th quarter worth approximately $489,000. Finally, Leonard Green & Partners L.P. purchased a new position in shares of Lulu’s Fashion Lounge during the 4th quarter worth approximately $3,069,000. Institutional investors own 1.14% of the company’s stock.

Lulu’s Fashion Lounge stock opened at $9.64 on Thursday. Lulu’s Fashion Lounge has a one year low of $5.10 and a one year high of $15.09. The stock has a fifty day moving average of $8.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.62.

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. It offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, and accessories under the Lulus brand. The company sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email, and SMS; earned media; and paid media that consists of paid advertisement on search engines, such as Google and Bing, as well as social media platforms comprising Facebook and Instagram.

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Earnings History and Estimates for Lulu's Fashion Lounge (NASDAQ:LVLU)

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