Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 368,800 shares, an increase of 31.5% from the April 15th total of 280,400 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average trading volume of 115,700 shares, the days-to-cover ratio is currently 3.2 days.
A number of research analysts have issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Lulu’s Fashion Lounge from $33.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, April 4th. Zacks Investment Research upgraded shares of Lulu’s Fashion Lounge from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Tuesday, April 5th. KeyCorp dropped their target price on shares of Lulu’s Fashion Lounge from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, January 20th. Finally, Cowen restated a “buy” rating and issued a $15.00 price target on shares of Lulu’s Fashion Lounge in a research report on Friday, April 1st. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $15.86.
Hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund bought a new stake in Lulu’s Fashion Lounge during the 4th quarter worth about $25,000. Citigroup Inc. acquired a new stake in shares of Lulu’s Fashion Lounge in the fourth quarter valued at about $26,000. California State Teachers Retirement System bought a new stake in Lulu’s Fashion Lounge during the fourth quarter worth about $33,000. Deutsche Bank AG bought a new position in Lulu’s Fashion Lounge in the fourth quarter valued at approximately $36,000. Finally, Wells Fargo & Company MN acquired a new position in shares of Lulu’s Fashion Lounge during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 51.34% of the company’s stock.
Lulu’s Fashion Lounge Company Profile (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.
- Get a free copy of the StockNews.com research report on Lulu’s Fashion Lounge (LVLU)
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