Lulu’s Fashion Lounge Holdings, Inc. Forecasted to Post Q2 2022 Earnings of $0.26 Per Share (NASDAQ:LVLU)

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) – Equities researchers at Telsey Advisory Group reduced their Q2 2022 EPS estimates for shares of Lulu’s Fashion Lounge in a research note issued on Wednesday, May 18th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of $0.26 per share for the quarter, down from their previous forecast of $0.27. Telsey Advisory Group also issued estimates for Lulu’s Fashion Lounge’s Q3 2022 earnings at $0.15 EPS, Q4 2022 earnings at $0.09 EPS, FY2022 earnings at $0.55 EPS and FY2023 earnings at $0.76 EPS.

A number of other research analysts also recently weighed in on the company. The Goldman Sachs Group decreased their price target on Lulu’s Fashion Lounge from $33.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, April 4th. KeyCorp reduced their target price on Lulu’s Fashion Lounge from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, January 20th. Cowen reiterated a “buy” rating and set a $15.00 target price on shares of Lulu’s Fashion Lounge in a research note on Friday, April 1st. Finally, Zacks Investment Research upgraded Lulu’s Fashion Lounge from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research note on Tuesday, April 5th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Lulu’s Fashion Lounge has an average rating of “Buy” and a consensus target price of $15.86.

LVLU stock opened at $11.55 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $8.37. Lulu’s Fashion Lounge has a twelve month low of $5.10 and a twelve month high of $15.09.

Large investors have recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS acquired a new stake in Lulu’s Fashion Lounge during the 4th quarter worth approximately $959,000. Pentwater Capital Management LP acquired a new stake in Lulu’s Fashion Lounge during the 4th quarter worth approximately $1,948,000. Teacher Retirement System of Texas acquired a new stake in Lulu’s Fashion Lounge during the 4th quarter worth approximately $3,197,000. New York State Common Retirement Fund acquired a new position in Lulu’s Fashion Lounge in the 4th quarter valued at $25,000. Finally, Retirement Systems of Alabama acquired a new position in Lulu’s Fashion Lounge in the 4th quarter valued at $2,813,000. 51.34% of the stock is owned by institutional investors and hedge funds.

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.

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